Graphic Packaging Holding Company (NYSE:GPK) – Analysts at DA Davidson reduced their Q4 2017 earnings per share (EPS) estimates for shares of Graphic Packaging Holding in a report released on Tuesday, according to Zacks Investment Research. DA Davidson analyst S. Chercover now anticipates that the industrial products company will post earnings per share of $0.20 for the quarter, down from their previous forecast of $0.22. DA Davidson currently has a “Buy” rating and a $16.50 price objective on the stock.
Graphic Packaging Holding (NYSE:GPK) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. Graphic Packaging Holding had a return on equity of 17.27% and a net margin of 3.70%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the firm posted $0.20 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis.
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Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Graphic Packaging Holding from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Thursday, October 12th. BMO Capital Markets reissued a “buy” rating and set a $15.50 target price on shares of Graphic Packaging Holding in a report on Friday, September 1st. Royal Bank of Canada reissued a “buy” rating and set a $15.00 target price on shares of Graphic Packaging Holding in a report on Tuesday, October 10th. KeyCorp reissued a “hold” rating on shares of Graphic Packaging Holding in a report on Wednesday, October 4th. Finally, BidaskClub raised Graphic Packaging Holding from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. Graphic Packaging Holding currently has an average rating of “Buy” and an average target price of $16.13.
Shares of Graphic Packaging Holding (NYSE GPK) opened at $15.25 on Friday. Graphic Packaging Holding has a twelve month low of $12.00 and a twelve month high of $15.85. The company has a current ratio of 1.50, a quick ratio of 0.74 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $4,772.69, a price-to-earnings ratio of 25.26, a PEG ratio of 4.69 and a beta of 1.20.
In related news, VP Deborah R. Frank sold 38,266 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $15.51, for a total value of $593,505.66. Following the completion of the transaction, the vice president now owns 77,139 shares of the company’s stock, valued at $1,196,425.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.02% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its position in Graphic Packaging Holding by 10.1% in the second quarter. Bank of New York Mellon Corp now owns 2,246,774 shares of the industrial products company’s stock valued at $30,961,000 after acquiring an additional 205,991 shares during the last quarter. American Century Companies Inc. grew its position in Graphic Packaging Holding by 16.2% in the second quarter. American Century Companies Inc. now owns 4,634,520 shares of the industrial products company’s stock valued at $63,864,000 after acquiring an additional 644,863 shares during the last quarter. BlackRock Inc. grew its position in Graphic Packaging Holding by 16,552.6% in the first quarter. BlackRock Inc. now owns 14,893,409 shares of the industrial products company’s stock valued at $191,677,000 after acquiring an additional 14,803,973 shares during the last quarter. Vanguard Group Inc. grew its position in Graphic Packaging Holding by 3.7% in the first quarter. Vanguard Group Inc. now owns 25,103,563 shares of the industrial products company’s stock valued at $323,083,000 after acquiring an additional 896,031 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Graphic Packaging Holding by 2.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,390,397 shares of the industrial products company’s stock valued at $17,895,000 after acquiring an additional 29,761 shares during the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.
About Graphic Packaging Holding
Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.
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