Graphic Packaging (NYSE:GPK) Raised to “Hold” at ValuEngine

ValuEngine upgraded shares of Graphic Packaging (NYSE:GPK) from a sell rating to a hold rating in a research report report published on Monday, ValuEngine reports.

Several other research firms also recently weighed in on GPK. Zacks Investment Research downgraded Graphic Packaging from a buy rating to a hold rating in a research report on Thursday, August 15th. Citigroup lifted their target price on Graphic Packaging from $16.00 to $17.00 and gave the company a buy rating in a research report on Thursday, July 11th. Deutsche Bank lifted their target price on Graphic Packaging from $15.00 to $17.00 and gave the company a buy rating in a research report on Wednesday, October 23rd. Finally, KeyCorp reiterated a hold rating on shares of Graphic Packaging in a research note on Thursday, September 26th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Graphic Packaging currently has a consensus rating of Hold and an average price target of $16.00.

NYSE GPK traded up $0.11 during trading on Monday, hitting $16.15. The stock had a trading volume of 3,563,276 shares, compared to its average volume of 3,963,877. The company has a market capitalization of $4.64 billion, a PE ratio of 19.94, a PEG ratio of 1.08 and a beta of 1.37. The company has a quick ratio of 0.64, a current ratio of 1.62 and a debt-to-equity ratio of 1.44. The firm has a 50 day moving average price of $14.91 and a 200 day moving average price of $14.08. Graphic Packaging has a twelve month low of $10.13 and a twelve month high of $16.18.

Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.57 billion. Graphic Packaging had a return on equity of 12.72% and a net margin of 3.60%. Graphic Packaging’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 EPS. On average, sell-side analysts anticipate that Graphic Packaging will post 0.87 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Roubaix Capital LLC purchased a new position in shares of Graphic Packaging in the 2nd quarter valued at about $2,570,000. Marshall Wace North America L.P. boosted its stake in shares of Graphic Packaging by 65.9% in the 2nd quarter. Marshall Wace North America L.P. now owns 3,006,131 shares of the industrial products company’s stock valued at $42,026,000 after buying an additional 1,193,788 shares during the period. Parallax Volatility Advisers L.P. purchased a new position in shares of Graphic Packaging in the 2nd quarter valued at about $137,000. Envestnet Asset Management Inc. boosted its stake in shares of Graphic Packaging by 2.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 402,882 shares of the industrial products company’s stock valued at $5,632,000 after buying an additional 8,586 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Graphic Packaging by 7.0% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 209,516 shares of the industrial products company’s stock valued at $2,929,000 after buying an additional 13,623 shares during the period.

About Graphic Packaging

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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