Today, Clsa Americas Comments on Graphic Packaging Holding Co.’s FY2016 Earnings (GPK)

Today, Clsa Americas Comments on Graphic Packaging Holding Co.’s FY2016 Earnings (GPK)
Graphic Packaging Holding Co. (NYSE:GPK) – Analysts at Clsa Americas issued their FY2016 earnings estimates for Graphic Packaging Holding in a report issued on Monday. Clsa Americas analyst M. Connelly expects that the brokerage will post earnings of $0.74 per share for the year. Clsa Americas also issued estimates for Graphic Packaging Holding’s FY2017 earnings at $0.83 EPS and FY2018 earnings at $0.92 EPS.

A number of other research firms have also recently issued reports on GPK. Zacks Investment Research cut Graphic Packaging Holding from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Jefferies Group restated a “buy” rating and set a $15.00 price objective (down from $16.00) on shares of Graphic Packaging Holding in a research note on Friday, October 28th. Bank of America Corp. downgraded shares of Graphic Packaging Holding from a “buy” rating to a “neutral” rating in a research note on Monday, October 3rd. RBC Capital Markets began coverage on shares of Graphic Packaging Holding in a research note on Thursday, September 29th. They set an “outperform” rating and a $17.00 price objective for the company. Finally, Robert W. Baird restated an “outperform” rating and set a $16.00 price objective on shares of Graphic Packaging Holding in a research note on Monday, September 19th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Graphic Packaging Holding has a consensus rating of “Buy” and a consensus target price of $15.89.

Graphic Packaging Holding (NYSE:GPK) opened at 12.93 on Thursday. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 16.73 and a beta of 1.31. Graphic Packaging Holding has a 52 week low of $10.71 and a 52 week high of $14.70. The company’s 50-day moving average price is $13.00 and its 200 day moving average price is $13.38.

Large investors have recently modified their holdings of the stock. Public Employees Retirement Association of Colorado increased its stake in shares of Graphic Packaging Holding by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 10,278 shares of the company’s stock valued at $144,000 after buying an additional 42 shares during the period. Creative Planning increased its stake in shares of Graphic Packaging Holding by 1.6% in the second quarter. Creative Planning now owns 8,925 shares of the company’s stock valued at $112,000 after buying an additional 138 shares during the period. Seven Eight Capital LLC increased its stake in shares of Graphic Packaging Holding by 1.1% in the first quarter. Seven Eight Capital LLC now owns 18,532 shares of the company’s stock valued at $238,000 after buying an additional 200 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in shares of Graphic Packaging Holding by 8.7% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 7,947 shares of the company’s stock valued at $111,000 after buying an additional 633 shares during the period. Finally, Navellier & Associates Inc increased its stake in shares of Graphic Packaging Holding by 3.9% in the second quarter. Navellier & Associates Inc now owns 17,866 shares of the company’s stock valued at $224,000 after buying an additional 664 shares during the period. Institutional investors and hedge funds own 99.19% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Thursday, December 15th will be paid a $0.075 dividend. This is an increase from Graphic Packaging Holding’s previous quarterly dividend of $0.05. This represents a $0.30 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Tuesday, December 13th. Graphic Packaging Holding’s dividend payout ratio (DPR) is 25.97%.

Graphic Packaging Holding Company Profile

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