Trade Report: The Graphic Packaging Holding Co. (GPK) Stock Rating Upgrade by The Zacks Investment Research

The Graphic Packaging Holding Co. (GPK) Stock Rating Upgrade by The Zacks Investment Research

Zacks Investment Research upgraded shares of Graphic Packaging Holding Co. (NYSE:GPK) from a sell rating to a hold rating in a research report report published on Tuesday morning.

According to Zacks, “GRAPHIC PACKAGING CORPORATION, headquartered in Marietta, Georgia, is a leading provider of paperboard packaging solutions for a wide variety of products to food, beverage and other consumer products companies. Graphic Packaging’s customers include some of the most widely recognized companies in the world. “

GPK has been the topic of several other reports. Bank of America Corp. lowered Graphic Packaging Holding from a buy rating to a neutral rating in a research report on Monday, October 3rd. Jefferies Group reissued a buy rating and issued a $15.00 price objective (down from $16.00) on shares of Graphic Packaging Holding in a research report on Friday, October 28th. RBC Capital Markets started coverage on Graphic Packaging Holding in a research report on Thursday, September 29th. They issued an outperform rating and a $17.00 price objective on the stock. CLSA started coverage on Graphic Packaging Holding in a research report on Tuesday, November 22nd. They issued an outperform rating and a $15.00 price objective on the stock. Finally, Robert W. Baird reissued an outperform rating and issued a $16.00 price objective on shares of Graphic Packaging Holding in a research report on Monday, September 19th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $15.89.

Shares of Graphic Packaging Holding (NYSE:GPK) opened at 12.93 on Tuesday. The company has a 50 day moving average price of $13.00 and a 200-day moving average price of $13.38. The firm has a market capitalization of $4.11 billion, a PE ratio of 16.73 and a beta of 1.31. Graphic Packaging Holding has a 12 month low of $10.71 and a 12 month high of $14.70.

Graphic Packaging Holding (NYSE:GPK) last issued its earnings results on Tuesday, October 25th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.01. The firm earned $1.10 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Graphic Packaging Holding had a return on equity of 22.90% and a net margin of 5.87%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.20 earnings per share. Equities research analysts expect that Graphic Packaging Holding will post $0.74 EPS for the current fiscal year.

The company also recently declared 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 represents a $0.30 dividend on an annualized basis and a yield of 2.32%. This is an increase from Graphic Packaging Holding’s previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, December 13th. Graphic Packaging Holding’s dividend payout ratio (DPR) is 25.97%.

Institutional investors have recently bought and sold shares of the company. Boston Partners increased its position in Graphic Packaging Holding by 0.8% in the second quarter. Boston Partners now owns 35,315,472 shares of the company’s stock worth $442,856,000 after buying an additional 274,590 shares during the period. FMR LLC increased its position in Graphic Packaging Holding by 40.2% in the second quarter. FMR LLC now owns 34,116,601 shares of the company’s stock worth $427,822,000 after buying an additional 9,776,631 shares during the period. Vanguard Group Inc. increased its position in Graphic Packaging Holding by 0.7% in the second quarter. Vanguard Group Inc. now owns 23,898,703 shares of the company’s stock worth $299,689,000 after buying an additional 166,999 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in Graphic Packaging Holding by 0.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 8,518,124 shares of the company’s stock worth $119,169,000 after buying an additional 26,249 shares during the period. Finally, Alliancebernstein L.P. increased its position in Graphic Packaging Holding by 8.5% in the second quarter. Alliancebernstein L.P. now owns 7,460,211 shares of the company’s stock worth $93,551,000 after buying an additional 587,232 shares during the period. Institutional investors and hedge funds own 97.08% of the company’s stock.

About Graphic Packaging Holding

Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, Flexible Packaging, and Corporate and Other.

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