Raymond James Lowers Graphic Packaging (NYSE:GPK) Price Target to $30.00

Graphic Packaging (NYSE:GPK - Get Free Report) had its price objective lowered by Raymond James from $32.00 to $30.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the industrial products company's stock. Raymond James' target price would indicate a potential upside of 19.90% from the company's previous close.

Several other equities analysts have also commented on GPK. Wells Fargo & Company raised shares of Graphic Packaging from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $24.00 to $27.00 in a report on Monday, January 6th. Robert W. Baird reduced their price target on Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Truist Financial reduced their price target on Graphic Packaging from $30.00 to $28.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Finally, Citigroup reissued a "neutral" rating and set a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Graphic Packaging presently has an average rating of "Moderate Buy" and a consensus price target of $30.89.

Graphic Packaging Stock Performance

Graphic Packaging stock traded down $0.31 during midday trading on Tuesday, hitting $25.02. The company's stock had a trading volume of 1,977,671 shares, compared to its average volume of 2,432,103. The company has a 50-day moving average price of $25.76 and a two-hundred day moving average price of $27.38. Graphic Packaging has a 1-year low of $23.03 and a 1-year high of $30.70. The company has a market cap of $7.55 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 2.10 and a beta of 0.80. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.46 and a quick ratio of 0.54.

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

Institutional Trading of Graphic Packaging

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management boosted its holdings in Graphic Packaging by 55.4% during the 4th quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company's stock worth $30,000 after acquiring an additional 394 shares during the last quarter. Crews Bank & Trust bought a new stake in shares of Graphic Packaging during the 4th quarter worth $32,000. Avior Wealth Management LLC boosted its holdings in shares of Graphic Packaging by 2,484.0% in the 4th quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company's stock worth $35,000 after buying an additional 1,242 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Graphic Packaging by 92.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company's stock worth $39,000 after buying an additional 689 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Graphic Packaging by 58.2% in the fourth quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 549 shares during the last quarter. 99.67% of the stock is owned by institutional investors.

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.