Graphic Packaging Holding Company (NYSE:GPK) shares traded -0.70% lower at $24.04 on Wall Street last session.
In accordance with the data, 13 analysts cover Graphic Packaging Holding Company (NYSE:GPK). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $35.00 and a low of $23.00, we find $30.00. Given the previous closing price of $24.21, this indicates a potential upside of 23.92 percent. GPK stock price is now -3.75% away from the 50-day moving average and 2.22% away from the 200-day moving average. The market capitalization of the company currently stands at $7.40B.
It has been rated a hold by 3 analysts and a buy by 9. Brokers who have rated the stock have averaged $29.92 as their price target over the next twelve months.
With the price target reduced from $35 to $29, BofA Securities Downgraded its rating from Buy to Neutral for Graphic Packaging Holding Company (NYSE: GPK).
In other news, Scherger Stephen R., EVP and CFO sold 160,492 shares of the company’s stock on May 09. The stock was sold for $4,142,299 at an average price of $25.81. Upon completion of the transaction, the EVP and CFO now directly owns 427,548 shares in the company, valued at $10.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 28, EVP & President, International Yost Joseph P sold 60,000 shares of the business’s stock. A total of $1,439,400 was realized by selling the stock at an average price of $23.99. This leaves the insider owning 209,250 shares of the company worth $5.03 million. Insiders disposed of 757,922 shares of company stock worth roughly $18.22 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GPK stock. A new stake in Graphic Packaging Holding Company shares was purchased by L1 CAPITAL PTY LTD during the first quarter worth $69,295,000. WOODLINE PARTNERS LP invested $10,808,000 in shares of GPK during the first quarter. In the first quarter, LOGAN CAPITAL MANAGEMENT INC acquired a new stake in Graphic Packaging Holding Company valued at approximately $8,060,000. GREAT LAKES ADVISORS, LLC acquired a new stake in GPK for approximately $5,845,000. NATIXIS purchased a new stake in GPK valued at around $5,402,000 in the second quarter. In total, there are 574 active investors with 94.10% ownership of the company’s stock.
Graphic Packaging Holding Company (NYSE: GPK) opened at $24.29 on Wednesday. During the past 12 months, Graphic Packaging Holding Company has had a low of $19.46 and a high of $27.56. As of last week, the company has a debt-to-equity ratio of 2.39, a current ratio of 1.60, and a quick ratio of 0.60. According to the stock market information, the enterprise value for the company is $12.79B, which is based on a 11.96 price-to-earnings ratio, a 0.75 price-to-earnings-growth ratio, and a beta of 0.97. The fifty day moving average price for GPK is $24.94 and a two-hundred day moving average price translates $23.54 for the stock.
The latest earnings results from Graphic Packaging Holding Company (NYSE: GPK) was released for Mar, 2023. According to the Packaging & Containers Company, earnings per share came in at $0.77, beating analysts’ expectations of $0.62 by 0.15. This compares to $0.35 EPS in the same period last year. The net profit margin was 6.50% and return on equity was 30.00% for GPK. The company reported revenue of $2.44 billion for the quarter, compared to $2.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.6 percent. For the current quarter, analysts expect GPK to generate $2.5B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/05/2023. Investors who held shares on 06/15/2023 were paid a $0.10 dividend. On an annualized basis, this represents a $0.40 dividend and a 1.66% percent yield. There was an ex-dividend date of 06/14/2023 for this dividend. In terms of dividend payout ratio, GPK is presently at 17.40%.
Graphic Packaging Holding Company(GPK) Company Profile
Graphic Packaging Holding Company, together with its subsidiaries, provides fiber-based packaging solutions to food, beverage, foodservice, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging products, such as folding cartons, cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies; and barrier packaging products that protect against moisture, hot and cold temperature, grease, oil, oxygen, sunlight, insects, and other potential product-damaging factors. It also offers various laminated, coated, and printed packaging structures that are produced from its CUK, CRB, and SBS, as well as other grades of paperboards that are purchased from third-party suppliers; designs and manufactures specialized packaging machines that package bottles and cans, and non-beverage consumer products; and installs its packaging machines at customer plants and provides support, service, and performance monitoring of the machines. The company markets its products primarily through sales offices and broker arrangements with third parties in the United States, Australia, Brazil, China, France, Germany, Italy, Japan, Mexico, Spain, the Netherlands, and the United Kingdom. Graphic Packaging Holding Company was incorporated in 2007 and is headquartered in Atlanta, Georgia.
