Bank of America Reaffirms Neutral Rating for Graphic Packaging (NYSE:GPK)

Key Points

• Bank of America has reaffirmed a "neutral" rating for Graphic Packaging (NYSE:GPK) with a target price of $24.00, indicating potential upside of 30.46% from its current price.
• Multiple firms have recently adjusted their price targets for Graphic Packaging, with Wells Fargo lowering theirs to $20.00 and Royal Bank of Canada to $21.00.
• Graphic Packaging's stock has decreased by 2.1% and currently trades at $18.40, which is close to its year low and significantly below its year high of $30.70.

Graphic Packaging (NYSE:GPK - Get Free Report)'s stock had its "neutral" rating reaffirmed by investment analysts at Bank of America in a research note issued on Thursday, Marketbeat reports. They currently have a $24.00 target price on the industrial products company's stock. Bank of America's price objective would indicate a potential upside of 30.46% from the company's current price.

Several other research firms also recently issued reports on GPK. Wells Fargo & Company lowered their price objective on Graphic Packaging from $23.00 to $20.00 and set an "equal weight" rating for the company in a research note on Wednesday, September 17th. Royal Bank Of Canada lowered shares of Graphic Packaging from an "outperform" rating to a "sector perform" rating and set a $21.00 target price on the stock. in a report on Thursday. UBS Group dropped their price target on shares of Graphic Packaging from $24.00 to $20.00 and set a "neutral" rating for the company in a research note on Monday. Truist Financial decreased their price objective on Graphic Packaging from $24.00 to $23.00 and set a "hold" rating for the company in a report on Friday, July 11th. Finally, BNP Paribas Exane lowered Graphic Packaging from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Two equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $23.38.

Graphic Packaging Trading Down 2.1%

Shares of Graphic Packaging stock opened at $18.40 on Thursday. The firm's 50 day moving average is $21.13 and its 200 day moving average is $22.45. The firm has a market capitalization of $5.45 billion, a PE ratio of 10.30, a price-to-earnings-growth ratio of 6.45 and a beta of 0.74. The company has a current ratio of 1.43, a quick ratio of 0.56 and a debt-to-equity ratio of 1.68. Graphic Packaging has a 1 year low of $18.39 and a 1 year high of $30.70.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. Graphic Packaging had a return on equity of 21.13% and a net margin of 6.18%.The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.13 billion. Graphic Packaging has set its FY 2025 guidance at 1.900-2.20 EPS. Equities research analysts forecast that Graphic Packaging will post 2.47 earnings per share for the current fiscal year.

Insider Transactions at Graphic Packaging

In other Graphic Packaging news, Director Philip R. Martens sold 56,737 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $21.84, for a total value of $1,239,136.08. Following the transaction, the director directly owned 33,826 shares of the company's stock, valued at approximately $738,759.84. The trade was a 62.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph P. Yost sold 30,000 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $22.72, for a total value of $681,600.00. Following the transaction, the executive vice president owned 255,203 shares in the company, valued at $5,798,212.16. The trade was a 10.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,752 shares of company stock worth $2,073,663 over the last three months. 1.41% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Graphic Packaging by 3.1% in the first quarter. Vanguard Group Inc. now owns 30,655,111 shares of the industrial products company's stock worth $795,807,000 after purchasing an additional 929,764 shares during the period. American Century Companies Inc. increased its position in Graphic Packaging by 19.1% in the 2nd quarter. American Century Companies Inc. now owns 22,022,347 shares of the industrial products company's stock valued at $464,011,000 after buying an additional 3,533,846 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Graphic Packaging by 7.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 17,636,296 shares of the industrial products company's stock worth $385,353,000 after buying an additional 1,264,922 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Graphic Packaging by 11.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,570,040 shares of the industrial products company's stock worth $243,781,000 after buying an additional 1,218,848 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Graphic Packaging by 1,004.9% in the first quarter. Victory Capital Management Inc. now owns 9,240,697 shares of the industrial products company's stock worth $239,888,000 after acquiring an additional 8,404,340 shares in the last quarter. 99.67% of the stock is owned by institutional investors.

Graphic Packaging Company Profile

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.

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