Graphic Packaging (NYSE:GPK) Price Target Raised to $17.00

Graphic Packaging (NYSE:GPK) had its price objective lifted by Citigroup from $16.00 to $17.00 in a report released on Thursday morning, BenzingaRatingsTable reports. They currently have a buy rating on the industrial products company’s stock.

A number of other equities research analysts also recently commented on the company. TheStreet upgraded Secureworks from a d+ rating to a c- rating in a research report on Monday, April 22nd. KeyCorp reiterated a hold rating on shares of Silgan in a research report on Wednesday, April 24th. Zacks Investment Research downgraded Hancock Jaffe Laboratories from a buy rating to a hold rating in a research report on Wednesday, June 26th. ValuEngine downgraded Viewray from a buy rating to a hold rating in a research report on Wednesday, April 24th. Finally, UBS Group boosted their target price on W. R. Berkley from $53.00 to $56.00 and gave the stock a sell rating in a research report on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $15.79.

Shares of Graphic Packaging stock opened at $14.17 on Thursday. The firm has a 50-day simple moving average of $13.73. Graphic Packaging has a 52 week low of $10.04 and a 52 week high of $15.03. The stock has a market capitalization of $4.18 billion, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 1.29 and a beta of 1.32. The company has a quick ratio of 0.75, a current ratio of 1.80 and a debt-to-equity ratio of 1.56.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.54 billion. Graphic Packaging had a return on equity of 12.05% and a net margin of 4.12%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.19 earnings per share. Analysts forecast that Graphic Packaging will post 0.85 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Saturday, June 15th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.30 dividend on an annualized basis and a yield of 2.12%. Graphic Packaging’s dividend payout ratio (DPR) is presently 37.04%.

Hedge funds have recently modified their holdings of the business. Private Capital Group LLC raised its position in Graphic Packaging by 210.4% during the first quarter. Private Capital Group LLC now owns 2,533 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 1,717 shares during the period. Resources Investment Advisors Inc. purchased a new stake in Graphic Packaging during the fourth quarter valued at approximately $28,000. First Hawaiian Bank grew its stake in shares of Graphic Packaging by 319.5% during the first quarter. First Hawaiian Bank now owns 5,403 shares of the industrial products company’s stock valued at $68,000 after buying an additional 4,115 shares during the last quarter. Clear Investment Research LLC bought a new position in shares of Graphic Packaging during the first quarter valued at approximately $134,000. Finally, Creative Planning bought a new position in shares of Graphic Packaging during the first quarter valued at approximately $135,000.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-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 folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.

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Analyst Recommendations for Graphic Packaging (NYSE:GPK)

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