Graphic Packaging Holding Company (GPK) Coverage Initiated by Analysts at Stephens

Stephens began coverage on shares of Graphic Packaging Holding Company (NYSE:GPK) in a research report sent to investors on Tuesday, October 24th, MarketBeat reports. The brokerage issued an overweight rating and a $17.00 price target on the industrial products company’s stock.

Several other research firms also recently weighed in on GPK. Zacks Investment Research upgraded Graphic Packaging Holding from a hold rating to a buy rating and set a $16.00 target price on the stock in a research report on Thursday, October 12th. KeyCorp reaffirmed a hold rating on shares of Graphic Packaging Holding in a report on Tuesday, October 10th. Royal Bank Of Canada reaffirmed a buy rating and set a $15.00 price target on shares of Graphic Packaging Holding in a report on Tuesday, October 10th. BMO Capital Markets reaffirmed a buy rating and set a $15.50 price target on shares of Graphic Packaging Holding in a report on Friday, September 1st. Finally, DA Davidson reiterated a buy rating and set a $16.50 target price (down previously from $17.50) on shares of Graphic Packaging Holding in a research report on Monday, August 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $16.13.

Shares of Graphic Packaging Holding (NYSE GPK) opened at $15.25 on Tuesday. The stock has a market capitalization of $4,723.14, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 4.64 and a beta of 1.20. The company has a quick ratio of 0.74, a current ratio of 1.50 and a debt-to-equity ratio of 1.96. Graphic Packaging Holding has a 12 month low of $12.00 and a 12 month high of $15.85.

Graphic Packaging Holding (NYSE:GPK) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $0.18 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Graphic Packaging Holding had a return on equity of 17.27% and a net margin of 3.70%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.20 EPS. sell-side analysts expect that Graphic Packaging Holding will post 0.66 earnings per share for the current year.

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In other Graphic Packaging Holding news, VP Deborah R. Frank sold 38,266 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president now owns 77,139 shares of the company’s stock, valued at $1,196,425.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.02% of the company’s stock.

Several large investors have recently added to or reduced their stakes in GPK. Russell Investments Group Ltd. boosted its stake in shares of Graphic Packaging Holding by 83.9% during the first quarter. Russell Investments Group Ltd. now owns 15,926 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 7,266 shares during the period. UBS Asset Management Americas Inc. lifted its position in shares of Graphic Packaging Holding by 7.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 201,145 shares of the industrial products company’s stock valued at $2,589,000 after buying an additional 14,404 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Graphic Packaging Holding by 58.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 295,179 shares of the industrial products company’s stock valued at $3,799,000 after buying an additional 109,191 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Graphic Packaging Holding by 10.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 11,826 shares of the industrial products company’s stock worth $152,000 after buying an additional 1,097 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Graphic Packaging Holding during the first quarter worth approximately $150,000. 95.10% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Graphic Packaging Holding (NYSE:GPK)

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