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.
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.
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