Graphic Packaging (NYSE:GPK) Price Target Cut to $30.00

Graphic Packaging (NYSE:GPK) had its price target lowered by analysts at Citigroup from $31.00 to $30.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Citigroup’s target price points to a potential upside of 18.41% from the company’s previous close.

A number of other research analysts also recently issued reports on GPK. Wells Fargo & Company restated an “underweight” rating and set a $21.00 target price on shares of Graphic Packaging in a research report on Monday, April 1st. StockNews.com raised shares of Graphic Packaging from a “hold” rating to a “buy” rating in a research note on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Graphic Packaging presently has an average rating of “Moderate Buy” and a consensus price target of $28.78.

Graphic Packaging Trading Down 0.6 %

GPK opened at $25.34 on Monday. Graphic Packaging has a 1-year low of $20.07 and a 1-year high of $29.50. The firm has a 50-day moving average price of $27.24 and a two-hundred day moving average price of $26.75. The stock has a market capitalization of $7.79 billion, a PE ratio of 11.46, a PEG ratio of 9.31 and a beta of 0.85. The company has a current ratio of 1.24, a quick ratio of 0.52 and a debt-to-equity ratio of 1.72.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.38 billion. Graphic Packaging had a net margin of 7.36% and a return on equity of 32.55%. Graphic Packaging’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 earnings per share. As a group, equities analysts anticipate that Graphic Packaging will post 2.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Graphic Packaging

A number of hedge funds have recently modified their holdings of GPK. Principal Securities Inc. bought a new stake in shares of Graphic Packaging during the fourth quarter worth $26,000. Rise Advisors LLC acquired a new stake in shares of Graphic Packaging in the 1st quarter valued at about $26,000. OLD Point Trust & Financial Services N A bought a new stake in shares of Graphic Packaging in the fourth quarter valued at about $27,000. LRI Investments LLC acquired a new position in shares of Graphic Packaging during the first quarter worth about $38,000. Finally, GAMMA Investing LLC bought a new position in shares of Graphic Packaging during the fourth quarter worth about $44,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

About Graphic Packaging

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.