Graphic Packaging (NYSE:GPK) Stock Price Target Lowered at Wells Fargo & Company

Key Points

• Wells Fargo lowered Graphic Packaging’s price target from $10 to $9 and maintained an “underweight” rating, implying 5.2% upside from the prior close.
• Analyst sentiment remains cautious: the stock has a consensus “Reduce” rating, with one Buy, eight Hold, and three Sell ratings, and an average price target of $10.29.
• Graphic Packaging shares fell 0.2% to $8.55, near their 52-week low of $8.15. The company recently beat quarterly EPS estimates, but revenue declined 0.7% year over year.

Graphic Packaging (NYSE:GPK - Get Free Report) had its price target cut by equities research analysts at Wells Fargo & Company from $10.00 to $9.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an "underweight" rating on the industrial products company's stock. Wells Fargo & Company's price target would indicate a potential upside of 5.20% from the company's previous close.

Several other research firms also recently issued reports on GPK. Truist Financial dropped their price target on shares of Graphic Packaging from $11.00 to $9.00 and set a "hold" rating on the stock in a research note on Monday, October 12th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Graphic Packaging in a report on Monday, September 21st. Bank of America decreased their price objective on shares of Graphic Packaging from $14.00 to $13.00 and set a "neutral" rating for the company in a research report on Friday, September 11th. Royal Bank Of Canada lowered their target price on Graphic Packaging from $10.00 to $9.00 and set a "sector perform" rating for the company in a research note on Tuesday, October 13th. Finally, Citigroup dropped their target price on Graphic Packaging from $13.00 to $9.00 and set a "neutral" rating on the stock in a research report on Friday, October 2nd. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $10.29.

Graphic Packaging Stock Down 0.2%

NYSE GPK traded down $0.01 on Monday, reaching $8.55. The company had a trading volume of 790,723 shares, compared to its average volume of 6,497,532. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.38 and a quick ratio of 0.60. Graphic Packaging has a 1 year low of $8.15 and a 1 year high of $18.25. The firm has a 50-day moving average of $10.02 and a 200-day moving average of $10.30. The firm has a market capitalization of $2.53 billion, a PE ratio of 12.98 and a beta of 0.66.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. Graphic Packaging had a net margin of 2.25% and a return on equity of 9.95%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the firm posted $0.42 earnings per share. The business's quarterly revenue was down .7% on a year-over-year basis. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. On average, equities research analysts anticipate that Graphic Packaging will post 0.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Graphic Packaging during the 2nd quarter worth approximately $440,345,000. Manning & Napier Advisors LLC increased its holdings in shares of Graphic Packaging by 6,288.6% in the 1st quarter. Manning & Napier Advisors LLC now owns 8,481,670 shares of the industrial products company's stock valued at $84,308,000 after acquiring an additional 8,348,907 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Graphic Packaging in the 2nd quarter valued at approximately $45,266,000. Maple Rock Capital Partners Inc. bought a new stake in shares of Graphic Packaging in the 2nd quarter valued at approximately $43,335,000. Finally, Assenagon Asset Management S.A. raised its position in shares of Graphic Packaging by 323.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,863,216 shares of the industrial products company's stock valued at $25,912,000 after acquiring an additional 2,187,139 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Graphic Packaging Company Profile

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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