Graphic Packaging Holding (NYSE:GPK) Given Consensus Recommendation of “Buy” by Brokerages

Graphic Packaging Holding (NYSE:GPKGet Rating) has been assigned an average recommendation of “Buy” from the eighteen ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, ten have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $24.62.

Several equities analysts have recently weighed in on the company. StockNews.com assumed coverage on Graphic Packaging in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Robert W. Baird boosted their target price on Graphic Packaging from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, February 18th. Zacks Investment Research raised Graphic Packaging from a “hold” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a research report on Friday, April 29th. The Goldman Sachs Group upped their price objective on Graphic Packaging from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, April 6th. Finally, BNP Paribas raised Graphic Packaging from a “neutral” rating to an “outperform” rating and set a $26.00 price objective on the stock in a research report on Tuesday, May 10th.

Shares of GPK traded up $1.00 during mid-day trading on Friday, hitting $22.45. 3,857,820 shares of the stock were exchanged, compared to its average volume of 2,863,664. The company has a market cap of $6.92 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 0.38 and a beta of 0.95. Graphic Packaging has a 52-week low of $16.94 and a 52-week high of $22.71. The firm has a 50-day moving average of $20.95 and a two-hundred day moving average of $20.10. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.59 and a current ratio of 1.37.

Graphic Packaging (NYSE:GPKGet Rating) last released its earnings results on Tuesday, April 26th. The industrial products company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.10. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.19 billion. Graphic Packaging had a return on equity of 22.68% and a net margin of 3.32%. The company’s revenue for the quarter was up 36.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. On average, sell-side analysts predict that Graphic Packaging will post 2.13 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 5th. Stockholders of record on Wednesday, June 15th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Tuesday, June 14th. Graphic Packaging’s payout ratio is 35.29%.

Several institutional investors and hedge funds have recently bought and sold shares of GPK. Morgan Stanley lifted its stake in shares of Graphic Packaging by 41.4% during the 2nd quarter. Morgan Stanley now owns 965,843 shares of the industrial products company’s stock worth $17,520,000 after purchasing an additional 282,968 shares during the last quarter. New World Advisors LLC purchased a new stake in shares of Graphic Packaging during the 3rd quarter worth $372,000. CIBC Asset Management Inc purchased a new stake in shares of Graphic Packaging during the 3rd quarter worth $219,000. Teacher Retirement System of Texas lifted its stake in shares of Graphic Packaging by 30.9% during the 3rd quarter. Teacher Retirement System of Texas now owns 45,390 shares of the industrial products company’s stock worth $864,000 after purchasing an additional 10,716 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in shares of Graphic Packaging by 27.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,588,435 shares of the industrial products company’s stock worth $30,244,000 after purchasing an additional 338,980 shares during the last quarter. 94.71% of the stock is currently owned by institutional investors and hedge funds.

Graphic Packaging Company Profile (Get Rating)

Graphic Packaging Holding Company, together with its subsidiaries, provides fiber-based packaging solutions to food, beverage, foodservice, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging products, such as folding cartons, cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies; and barrier packaging products that protect against moisture, hot and cold temperature, grease, oil, oxygen, sunlight, insects, and other potential product-damaging factors.

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Analyst Recommendations for Graphic Packaging (NYSE:GPK)

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