Citigroup Cuts Graphic Packaging (NYSE:GPK) Price Target to $16.00

Graphic Packaging (NYSE:GPK) had its target price dropped by investment analysts at Citigroup from $19.00 to $16.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. Citigroup’s price target points to a potential upside of 4.00% from the stock’s current price.

A number of other analysts have also recently commented on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Graphic Packaging in a research report on Monday, December 29th. Raymond James Financial cut Graphic Packaging from an “outperform” rating to a “market perform” rating in a research note on Friday, October 17th. Zacks Research raised Graphic Packaging from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 16th. Bank of America reissued a “neutral” rating and set a $24.00 target price on shares of Graphic Packaging in a research note on Thursday, October 9th. Finally, Wells Fargo & Company lowered shares of Graphic Packaging from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $18.00 to $12.00 in a research note on Tuesday. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $18.50.

Graphic Packaging Trading Down 0.4%

Shares of Graphic Packaging stock traded down $0.07 during trading on Tuesday, reaching $15.39. 1,610,338 shares of the company were exchanged, compared to its average volume of 2,847,433. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 9.05 and a beta of 0.64. Graphic Packaging has a twelve month low of $13.93 and a twelve month high of $28.62. The business has a 50-day moving average price of $15.72 and a 200-day moving average price of $19.10. The company has a quick ratio of 0.63, a current ratio of 1.54 and a debt-to-equity ratio of 1.67.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings data on Tuesday, November 4th. The industrial products company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Graphic Packaging had a net margin of 5.94% and a return on equity of 19.98%. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.17 billion. Graphic Packaging has set its FY 2025 guidance at 1.800-2.000 EPS. Sell-side analysts anticipate that Graphic Packaging will post 2.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Graphic Packaging

Large investors have recently modified their holdings of the business. Tudor Investment Corp ET AL acquired a new stake in shares of Graphic Packaging in the third quarter valued at about $2,360,000. Swiss Life Asset Management Ltd acquired a new position in shares of Graphic Packaging during the 3rd quarter worth approximately $274,000. Danske Bank A S bought a new stake in shares of Graphic Packaging during the 3rd quarter worth approximately $45,000. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Graphic Packaging by 0.5% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 223,534 shares of the industrial products company’s stock valued at $4,314,000 after buying an additional 1,123 shares during the last quarter. Finally, Caxton Associates LLP bought a new position in shares of Graphic Packaging in the third quarter valued at $250,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Graphic Packaging Company Profile

Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.

Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.