Graphic Packaging Holding (NYSE:GPK) has received a consensus rating of “Buy” from the eleven research firms that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $15.92.
GPK has been the topic of a number of recent analyst reports. 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 report on Wednesday, April 24th. ValuEngine lowered Viewray from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. TheStreet raised Secureworks from a “d+” rating to a “c-” rating in a report on Monday, April 22nd. Citigroup boosted their target price on Silgan from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Finally, KeyCorp reissued a “hold” rating on shares of Silgan in a report on Wednesday, April 24th.
Hedge funds and other institutional investors have recently modified their holdings of the business. Private Capital Group LLC grew its holdings in Graphic Packaging by 210.4% in the 1st quarter. Private Capital Group LLC now owns 2,533 shares of the industrial products company’s stock valued at $32,000 after buying an additional 1,717 shares in the last quarter. First Hawaiian Bank grew its holdings in Graphic Packaging by 319.5% in the 1st 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 in the last quarter. Leavell Investment Management Inc. acquired a new position in Graphic Packaging in the 2nd quarter valued at $140,000. Clear Investment Research LLC acquired a new position in Graphic Packaging in the 1st quarter valued at $134,000. Finally, Creative Planning acquired a new position in Graphic Packaging in the 1st quarter valued at $135,000.
Graphic Packaging (NYSE:GPK) last posted its earnings results on Tuesday, April 23rd. The industrial products company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.54 billion. Graphic Packaging had a return on equity of 12.05% and a net margin of 4.12%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 EPS. Sell-side analysts anticipate that Graphic Packaging will post 0.85 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Saturday, June 15th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Thursday, June 13th. Graphic Packaging’s dividend payout ratio is 37.04%.
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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