Graphic Packaging (GPK) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Graphic Packaging (NYSE:GPK) from a hold rating to a strong-buy rating in a research report report published on Wednesday. The brokerage currently has $13.00 price objective on the industrial products company’s stock.

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 a number of other reports. ValuEngine lowered Graphic Packaging from a sell rating to a strong sell rating in a research report on Tuesday, October 23rd. BMO Capital Markets decreased their price target on Graphic Packaging from $18.00 to $16.00 and set an outperform rating on the stock in a research report on Thursday, October 25th. UBS Group initiated coverage on Graphic Packaging in a research report on Friday, January 4th. They set a neutral rating and a $11.50 price target on the stock. Seaport Global Securities initiated coverage on Graphic Packaging in a research report on Tuesday, December 11th. They set a neutral rating on the stock. Finally, Deutsche Bank set a $15.00 price target on Graphic Packaging and gave the stock a buy rating in a research report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $16.22.

Shares of GPK opened at $11.91 on Wednesday. Graphic Packaging has a 1 year low of $10.04 and a 1 year high of $16.69. The company has a quick ratio of 0.79, a current ratio of 1.67 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $3.62 billion, a PE ratio of 18.90, a P/E/G ratio of 1.03 and a beta of 1.30.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, October 23rd. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.02). Graphic Packaging had a return on equity of 11.90% and a net margin of 6.18%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 34.5% on a year-over-year basis. As a group, equities research analysts expect that Graphic Packaging will post 0.77 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, January 5th. Shareholders of record on Saturday, December 15th were given a $0.075 dividend. The ex-dividend date of this dividend was Thursday, December 13th. This represents a $0.30 dividend on an annualized basis and a yield of 2.52%. Graphic Packaging’s payout ratio is 47.62%.

In other news, Director Larry M. Venturelli acquired 25,000 shares of the firm’s stock in a transaction on Thursday, October 25th. The shares were purchased at an average cost of $10.59 per share, for a total transaction of $264,750.00. Following the transaction, the director now owns 47,993 shares of the company’s stock, valued at $508,245.87. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.62% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. WealthTrust Fairport LLC bought a new position in Graphic Packaging in the 2nd quarter valued at $146,000. FDx Advisors Inc. bought a new position in Graphic Packaging in the 3rd quarter valued at $153,000. IFP Advisors Inc boosted its position in Graphic Packaging by 831.0% in the 3rd quarter. IFP Advisors Inc now owns 12,066 shares of the industrial products company’s stock valued at $169,000 after buying an additional 10,770 shares during the last quarter. First Republic Investment Management Inc. bought a new position in Graphic Packaging in the 3rd quarter valued at $190,000. Finally, GSA Capital Partners LLP bought a new position in Graphic Packaging in the 3rd quarter valued at $221,000.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, 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) and coated recycled paperboard (CRB) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons primarily to consumer packaged goods companies.

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