Truist Financial Has Lowered Expectations for Graphic Packaging (NYSE:GPK) Stock Price

Graphic Packaging (NYSE:GPK) had its price objective lowered by investment analysts at Truist Financial from $31.00 to $30.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the industrial products company’s stock. Truist Financial’s target price points to a potential upside of 18.51% from the company’s current price.

A number of other research firms have also recently commented on GPK. Citigroup reaffirmed 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. Robert W. Baird cut their price objective on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company upgraded Graphic Packaging from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $24.00 to $27.00 in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $31.37.

Graphic Packaging Stock Down 2.6 %

GPK opened at $25.31 on Monday. The company has a market capitalization of $7.60 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81. The firm has a 50-day simple moving average of $26.93 and a two-hundred day simple moving average of $28.16. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71. Graphic Packaging has a 52 week low of $25.13 and a 52 week high of $30.70.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.04). The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.15 billion. Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. Graphic Packaging’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 EPS. Analysts forecast that Graphic Packaging will post 2.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Graphic Packaging

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Howard Capital Management Group LLC raised its holdings in shares of Graphic Packaging by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 1,007,968 shares of the industrial products company’s stock valued at $29,826,000 after acquiring an additional 2,969 shares in the last quarter. Advisors Asset Management Inc. increased its position in Graphic Packaging by 13.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 26,631 shares of the industrial products company’s stock valued at $788,000 after purchasing an additional 3,239 shares during the period. Raymond James Trust N.A. bought a new stake in shares of Graphic Packaging in the 3rd quarter valued at about $343,000. Citigroup Inc. lifted its position in shares of Graphic Packaging by 6.5% in the 3rd quarter. Citigroup Inc. now owns 1,651,176 shares of the industrial products company’s stock worth $48,858,000 after purchasing an additional 101,479 shares during the period. Finally, Nwam LLC bought a new position in shares of Graphic Packaging during the third quarter valued at approximately $235,000. 99.67% of the stock is owned by institutional investors.

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.