Royal Bank Of Canada Lowers Graphic Packaging (NYSE:GPK) Price Target to $25.00

Graphic Packaging (NYSE:GPK - Get Free Report) had its price target dropped by investment analysts at Royal Bank Of Canada from $26.00 to $25.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the industrial products company's stock. Royal Bank Of Canada's price objective indicates a potential upside of 15.67% from the stock's previous close.

GPK has been the subject of several other research reports. Raymond James Financial reaffirmed an "outperform" rating and set a $26.00 price target (down previously from $30.00) on shares of Graphic Packaging in a research note on Friday, May 2nd. UBS Group initiated coverage on Graphic Packaging in a report on Wednesday, June 4th. They issued a "neutral" rating and a $24.00 price objective for the company. Finally, Truist Financial cut their target price on Graphic Packaging from $30.00 to $28.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $28.40.

Graphic Packaging Price Performance

GPK stock traded up $0.39 during midday trading on Wednesday, reaching $21.61. 261,439 shares of the stock were exchanged, compared to its average volume of 2,880,467. Graphic Packaging has a 52 week low of $20.86 and a 52 week high of $30.70. The company has a fifty day moving average price of $23.18 and a 200 day moving average price of $25.70. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.88 and a quick ratio of 0.73. The stock has a market capitalization of $6.52 billion, a PE ratio of 10.55, a P/E/G ratio of 3.83 and a beta of 0.74.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.05). Graphic Packaging had a net margin of 7.15% and a return on equity of 23.68%. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the business posted $0.66 earnings per share. The business's revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, analysts expect that Graphic Packaging will post 2.47 EPS for the current fiscal year.

Graphic Packaging announced that its Board of Directors has approved a stock buyback plan on Thursday, May 1st that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the industrial products company to repurchase up to 23.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Graphic Packaging

Hedge funds and other institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in Graphic Packaging in the 1st quarter valued at $28,000. Brooklyn Investment Group lifted its stake in shares of Graphic Packaging by 69.9% in the first quarter. Brooklyn Investment Group now owns 1,065 shares of the industrial products company's stock valued at $28,000 after buying an additional 438 shares in the last quarter. Picton Mahoney Asset Management grew its holdings in shares of Graphic Packaging by 55.4% during the fourth quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company's stock valued at $30,000 after buying an additional 394 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of 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 valued at $39,000 after buying an additional 689 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of Graphic Packaging during the first quarter worth about $42,000. Institutional investors own 99.67% of the company's stock.

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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