Graphic Packaging (NYSE:GPK) Given New $30.00 Price Target at Truist Financial

Graphic Packaging (NYSE:GPK) had its price target reduced by analysts at Truist Financial from $31.00 to $30.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the industrial products company’s stock. Truist Financial’s price objective indicates a potential upside of 18.51% from the stock’s current price.

A number of other analysts have also recently commented on GPK. Wells Fargo & Company upgraded Graphic Packaging from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $24.00 to $27.00 in a research report on Monday, January 6th. Robert W. Baird reduced their price target on shares of Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Finally, Citigroup reissued a “neutral” rating and issued a $30.00 price objective (down previously from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $31.37.

Graphic Packaging Stock Performance

Shares of NYSE GPK opened at $25.31 on Monday. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71. The firm’s 50-day moving average price is $26.93 and its 200-day moving average price is $28.16. Graphic Packaging has a 52-week low of $25.13 and a 52-week high of $30.70. The company has a market cap of $7.60 billion, a PE ratio of 11.72, a PEG ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.15 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The company’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same period last year, the firm posted $0.75 EPS. As a group, analysts anticipate that Graphic Packaging will post 2.47 EPS for the current year.

Institutional Investors Weigh In On Graphic Packaging

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPK. Synergy Asset Management LLC increased its stake in shares of Graphic Packaging by 108.6% in the fourth quarter. Synergy Asset Management LLC now owns 64,343 shares of the industrial products company’s stock worth $1,810,000 after purchasing an additional 33,493 shares in the last quarter. Howard Capital Management Group LLC boosted its holdings in Graphic Packaging by 1.3% in the 4th quarter. Howard Capital Management Group LLC now owns 1,021,143 shares of the industrial products company’s stock worth $27,734,000 after buying an additional 13,175 shares during the period. JPMorgan Chase & Co. increased its stake in Graphic Packaging by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company’s stock worth $313,957,000 after buying an additional 787,266 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in Graphic Packaging during the fourth quarter valued at about $51,642,000. Finally, Advocate Group LLC lifted its position in shares of Graphic Packaging by 14.5% in the fourth quarter. Advocate Group LLC now owns 226,399 shares of the industrial products company’s stock valued at $6,149,000 after acquiring an additional 28,703 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

About Graphic Packaging

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.