Graphic Packaging (NYSE:GPK) Stock Gets Price Target Cut from Truist Financial

Key Points

• Truist Financial lowered Graphic Packaging’s price target from $11 to $9 while maintaining a “hold” rating. The new target implies approximately 8.9% upside from the stock’s $8.27 price.
• Analyst sentiment remains weak, with one Buy, eight Hold, and three Sell ratings; MarketBeat reports a consensus rating of “Reduce” and an average price target of $10.51.
• Graphic Packaging’s latest quarter exceeded earnings and revenue estimates, but revenue declined 0.7% year over year and earnings fell from the prior-year period. Institutional investors own 99.67% of the company’s shares.

Graphic Packaging (NYSE:GPK - Get Free Report) had its target price lowered by Truist Financial from $11.00 to $9.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a "hold" rating on the industrial products company's stock. Truist Financial's price objective indicates a potential upside of 8.89% from the stock's current price.

Several other research firms have also recently weighed in on GPK. Weiss Ratings restated a "sell (d+)" rating on shares of Graphic Packaging in a research note on Monday, September 21st. Royal Bank Of Canada cut their target price on shares of Graphic Packaging from $11.00 to $10.00 and set a "sector perform" rating for the company in a research report on Wednesday, September 30th. Citigroup cut their price objective on Graphic Packaging from $13.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, October 2nd. JPMorgan Chase & Co. raised Graphic Packaging from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $12.50 to $11.50 in a report on Wednesday, September 23rd. Finally, Bank of America cut their price target on Graphic Packaging from $14.00 to $13.00 and set a "neutral" rating for the company in a research note on Friday, September 11th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Graphic Packaging presently has a consensus rating of "Reduce" and a consensus target price of $10.51.

Graphic Packaging Trading Down 1.0%

Shares of NYSE GPK traded down $0.09 during midday trading on Monday, hitting $8.27. 2,783,273 shares of the company traded hands, compared to its average volume of 6,525,144. The stock has a 50-day moving average price of $10.36 and a 200 day moving average price of $10.32. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.60 and a current ratio of 1.38. The firm has a market cap of $2.45 billion, a P/E ratio of 12.52 and a beta of 0.66. Graphic Packaging has a 12-month low of $8.15 and a 12-month high of $18.25.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.18 billion. Graphic Packaging had a net margin of 2.25% and a return on equity of 9.95%. Graphic Packaging's quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. As a group, analysts expect that Graphic Packaging will post 0.72 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Graphic Packaging in the second quarter worth $440,345,000. Eminence Capital LP grew its position in shares of Graphic Packaging by 67.5% in the 4th quarter. Eminence Capital LP now owns 12,811,941 shares of the industrial products company's stock worth $192,948,000 after acquiring an additional 5,163,806 shares in the last quarter. Manning & Napier Advisors LLC acquired a new position in Graphic Packaging in the second quarter worth $88,094,000. Bank of America Corp DE acquired a new stake in shares of Graphic Packaging during the second quarter worth $45,266,000. Finally, Squarepoint Ops LLC lifted its position in shares of Graphic Packaging by 20.3% in the 2nd quarter. Squarepoint Ops LLC now owns 4,155,774 shares of the industrial products company's stock worth $43,927,000 after buying an additional 701,762 shares during the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

About Graphic Packaging

Graphic Packaging Holding Company NYSE: GPK is a provider of fiber-based packaging solutions for consumer products companies. Through its Graphic Packaging International subsidiary, the company designs and manufactures paperboard cartons, cups, trays and other packaging products used to package food, beverages and household and personal-care products.

The company also supplies packaging machinery and integrated packaging systems, including equipment used to form, fill and seal cartons and cups.

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