Graphic Packaging's (GPK) "Hold (C-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Graphic Packaging's stock received a "hold (C-)" rating from Weiss Ratings, with an average price target of $24.38.
• Several analysts recently lowered their price targets for Graphic Packaging, with Bank of America reducing it from $31.00 to $28.00, and others following suit.
• The company reported earnings per share of $0.42 for the last quarter, exceeding estimates and generating revenue of $2.20 billion.

Graphic Packaging (NYSE:GPK - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other analysts also recently weighed in on GPK. Bank of America cut their target price on Graphic Packaging from $31.00 to $28.00 and set a "buy" rating for the company in a research report on Wednesday, July 9th. Truist Financial cut their target price on Graphic Packaging from $24.00 to $23.00 and set a "hold" rating for the company in a research report on Friday, July 11th. UBS Group cut their target price on Graphic Packaging from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday. Citigroup cut their target price on Graphic Packaging from $23.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday. Finally, Royal Bank Of Canada cut their target price on Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating for the company in a research report on Wednesday, June 18th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $24.38.

Graphic Packaging Stock Performance

GPK opened at $18.78 on Wednesday. The business has a fifty day simple moving average of $21.13 and a 200 day simple moving average of $22.45. The company has a market capitalization of $5.56 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 6.45 and a beta of 0.74. Graphic Packaging has a 1 year low of $18.76 and a 1 year high of $30.70. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.43 and a quick ratio of 0.56.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) 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. Research analysts expect that Graphic Packaging will post 2.47 EPS for the current year.

Insider Transactions at Graphic Packaging

In other Graphic Packaging news, EVP Joseph P. Yost sold 30,000 shares of the company'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 transaction, the executive vice president owned 255,203 shares of the company's stock, valued at $5,798,212.16. This represents a 10.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Philip R. Martens sold 56,737 shares of the company's stock in a transaction dated 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 completion of 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 93,752 shares of company stock valued at $2,073,663. 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 bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in Graphic Packaging during the first quarter valued at $28,000. Brooklyn Investment Group boosted its position in Graphic Packaging by 69.9% during the first quarter. Brooklyn Investment Group now owns 1,065 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 438 shares during the last quarter. Bessemer Group Inc. boosted its position in Graphic Packaging by 130.7% during the second quarter. Bessemer Group Inc. now owns 1,382 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 783 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Graphic Packaging by 1,356.1% during the second quarter. Hantz Financial Services Inc. now owns 1,791 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 1,668 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Graphic Packaging during the first quarter valued at $42,000. Institutional investors and hedge funds own 99.67% of the company's stock.

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.

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