Graphic Packaging Holding Company (NYSE:GPK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday, November 1st.
According to Zacks, “GRAPHIC PACKAGING CORPORATION, headquartered in Marietta, Georgia, is a leading provider of paperboard packaging solutions for a wide variety of products to food, beverage and other consumer products companies. Graphic Packaging’s customers include some of the most widely recognized companies in the world. “
Several other equities research analysts also recently weighed in on GPK. BidaskClub upgraded Graphic Packaging Holding from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. DA Davidson started coverage on Graphic Packaging Holding in a report on Monday, July 10th. They set a “buy” rating and a $17.50 price objective on the stock. Jefferies Group LLC restated a “hold” rating and set a $15.00 price objective (up from $14.00) on shares of Graphic Packaging Holding in a report on Friday, July 14th. BMO Capital Markets reaffirmed a “buy” rating and set a $15.50 target price on shares of Graphic Packaging Holding in a research report on Friday, September 1st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Graphic Packaging Holding in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. Graphic Packaging Holding presently has an average rating of “Buy” and a consensus price target of $16.13.
Graphic Packaging Holding (NYSE:GPK) traded down $0.05 during midday trading on Wednesday, hitting $15.42. The stock had a trading volume of 4,260,000 shares, compared to its average volume of 4,468,235. Graphic Packaging Holding has a 1 year low of $12.00 and a 1 year high of $15.85. The company has a market capitalization of $4,775.79, a price-to-earnings ratio of 25.28, a price-to-earnings-growth ratio of 4.70 and a beta of 1.20. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.74 and a current ratio of 1.50.
Graphic Packaging Holding (NYSE:GPK) last issued its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the business posted $0.20 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. sell-side analysts forecast that Graphic Packaging Holding will post 0.66 earnings per share for the current fiscal year.
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In related news, VP Deborah R. Frank sold 38,266 shares of Graphic Packaging Holding 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 sale, the vice president now directly owns 77,139 shares in the company, valued at approximately $1,196,425.89. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.02% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised its position in Graphic Packaging Holding by 1.6% in the second quarter. Van ECK Associates Corp now owns 7,630 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 117 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in shares of Graphic Packaging Holding by 0.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 8,100 shares of the industrial products company’s stock worth $112,000 after acquiring an additional 61 shares during the period. Eagle Boston Investment Management Inc. increased its position in shares of Graphic Packaging Holding by 1.5% during the second quarter. Eagle Boston Investment Management Inc. now owns 10,773 shares of the industrial products company’s stock worth $148,000 after acquiring an additional 163 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Graphic Packaging Holding during the first quarter worth $150,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Graphic Packaging Holding by 10.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,818 shares of the industrial products company’s stock worth $163,000 after acquiring an additional 1,123 shares during the period.
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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