Jefferies Financial Group Begins Coverage on Graphic Packaging (NYSE:GPK)

Research analysts at Jefferies Financial Group started coverage on shares of Graphic Packaging (NYSE:GPK) in a report issued on Wednesday, TipRanks reports. The brokerage set a “hold” rating and a $21.00 price target on the industrial products company’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 7.42% from the stock’s current price.

A number of other research firms have also issued reports on GPK. Wells Fargo & Company dropped their target price on Graphic Packaging from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, June 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $22.00 target price on shares of Graphic Packaging in a report on Friday, August 6th. Morgan Stanley boosted their target price on Graphic Packaging from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday, July 30th. Royal Bank of Canada boosted their target price on Graphic Packaging from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, July 30th. Finally, Zacks Investment Research lowered Graphic Packaging from a “buy” rating to a “hold” rating in a report on Thursday, May 27th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $21.33.

GPK traded up $0.10 during trading on Wednesday, hitting $19.55. 19,164 shares of the stock were exchanged, compared to its average volume of 3,272,734. The firm has a market capitalization of $6.00 billion, a P/E ratio of 24.77, a PEG ratio of 0.63 and a beta of 1.22. Graphic Packaging has a 1-year low of $13.14 and a 1-year high of $20.88. The stock has a fifty day moving average price of $19.10 and a two-hundred day moving average price of $18.44. The company has a quick ratio of 0.53, a current ratio of 1.29 and a debt-to-equity ratio of 2.06.

Graphic Packaging (NYSE:GPK) last released its earnings results on Monday, July 26th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.02). The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.69 billion. Graphic Packaging had a net margin of 3.26% and a return on equity of 16.04%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 EPS. Analysts predict that Graphic Packaging will post 1.26 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. PNC Managed Account Solutions Inc. purchased a new stake in Graphic Packaging during the second quarter worth $26,000. Cutler Group LP boosted its position in Graphic Packaging by 652.0% during the second quarter. Cutler Group LP now owns 1,504 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 1,304 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Graphic Packaging by 156.5% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,488 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 2,128 shares in the last quarter. Van ECK Associates Corp boosted its position in Graphic Packaging by 15.6% during the first quarter. Van ECK Associates Corp now owns 3,913 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 528 shares in the last quarter. Finally, Toronto Dominion Bank purchased a new stake in Graphic Packaging during the second quarter worth $146,000. Institutional investors own 93.97% of the company’s stock.

Graphic Packaging Company Profile

Graphic Packaging Holding Co provides paper-based packaging solutions for a variety of products to food, beverage and other consumer products companies. The firm produces folding cartons, kraft paperboard, coated-recycled boxboard and multi-wall bags. It operates through the following business segments: Paperboard Mills, Americas Paperboard Packaging and Europe Paperboard Packaging.

See Also: Intrinsic Value

Analyst Recommendations for Graphic Packaging (NYSE:GPK)

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