Graphic Packaging (NYSE:GPK) Price Target Lowered to $20.00 at Truist Financial

Key Points

• Truist Financial has lowered its price target for Graphic Packaging from $23.00 to $20.00, maintaining a "hold" rating for the stock, suggesting a potential upside of 14.65% from its current price.
• Multiple brokerages, including UBS Group and Royal Bank of Canada, have also reduced their price targets for Graphic Packaging, with an average target now set at $23.00.
• Graphic Packaging's stock has recently seen a 0.4% decline, trading at $17.44, while having a market capitalization of $5.17 billion.

Graphic Packaging (NYSE:GPK - Get Free Report) had its target price decreased by investment analysts at Truist Financial from $23.00 to $20.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "hold" rating on the industrial products company's stock. Truist Financial's price objective would suggest a potential upside of 14.65% from the company's current price.

Several other brokerages also recently weighed in on GPK. UBS Group decreased their price target on Graphic Packaging from $24.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, October 6th. Royal Bank Of Canada cut Graphic Packaging from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from $25.00 to $21.00 in a research report on Thursday. Bank of America reiterated a "neutral" rating and issued a $24.00 price objective on shares of Graphic Packaging in a research report on Thursday. Weiss Ratings reiterated a "hold (c-)" rating on shares of Graphic Packaging in a research report on Wednesday, October 8th. Finally, Citigroup cut their price objective on Graphic Packaging from $23.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, Graphic Packaging has an average rating of "Hold" and an average price target of $23.00.

Graphic Packaging Stock Down 0.4%

GPK traded down $0.07 on Monday, reaching $17.44. The company's stock had a trading volume of 381,185 shares, compared to its average volume of 3,193,832. The stock has a 50 day moving average of $20.97 and a two-hundred day moving average of $22.30. The company has a quick ratio of 0.56, a current ratio of 1.43 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 9.84 and a beta of 0.74. Graphic Packaging has a fifty-two week low of $17.47 and a fifty-two week high of $30.70.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted 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. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.13 billion. Graphic Packaging had a return on equity of 21.13% and a net margin of 6.18%. Graphic Packaging has set its FY 2025 guidance at 1.900-2.20 EPS. As a group, analysts forecast that Graphic Packaging will post 2.47 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Philip R. Martens sold 7,015 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $21.80, for a total transaction of $152,927.00. Following the sale, the director owned 26,811 shares of the company's stock, valued at $584,479.80. This trade represents a 20.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph P. Yost sold 30,000 shares of the firm's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $22.72, for a total value of $681,600.00. Following the completion of the sale, the executive vice president directly owned 255,203 shares in the company, valued at approximately $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. In the last ninety days, insiders have sold 93,752 shares of company stock worth $2,073,663. Corporate insiders own 1.41% of the company's stock.

Hedge Funds Weigh In On Graphic Packaging

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Graphic Packaging by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 30,655,111 shares of the industrial products company's stock valued at $795,807,000 after purchasing an additional 929,764 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of 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 purchasing an additional 3,533,846 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of 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 valued at $385,353,000 after buying an additional 1,264,922 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of 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 valued at $243,781,000 after buying an additional 1,218,848 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Graphic Packaging by 1,004.9% during the 1st quarter. Victory Capital Management Inc. now owns 9,240,697 shares of the industrial products company's stock valued at $239,888,000 after buying an additional 8,404,340 shares during the period. 99.67% of the stock is owned by institutional investors and hedge funds.

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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