Graphic Packaging (NYSE:GPK) Price Target Increased to $36.00 by Analysts at Robert W. Baird

Graphic Packaging (NYSE:GPK) had its price objective lifted by equities researchers at Robert W. Baird from $30.00 to $36.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s target price points to a potential upside of 23.75% from the stock’s current price.

Several other research firms also recently issued reports on GPK. StockNews.com downgraded Graphic Packaging from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Citigroup dropped their price objective on Graphic Packaging from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. Truist Financial lifted their price target on Graphic Packaging from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Finally, Stifel Nicolaus started coverage on shares of Graphic Packaging in a research note on Tuesday, July 9th. They issued a “buy” rating and a $35.20 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $29.89.

Graphic Packaging Stock Performance

NYSE GPK opened at $29.09 on Wednesday. Graphic Packaging has a twelve month low of $20.07 and a twelve month high of $29.74. The company has a quick ratio of 0.52, a current ratio of 1.24 and a debt-to-equity ratio of 1.72. The stock has a market cap of $8.94 billion, a P/E ratio of 13.16, a PEG ratio of 10.20 and a beta of 0.85. The company’s 50-day simple moving average is $27.27 and its 200 day simple moving average is $27.00.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.04. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.27 billion. Graphic Packaging had a return on equity of 32.55% and a net margin of 7.36%. The company’s revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.66 EPS. As a group, research analysts forecast that Graphic Packaging will post 2.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Graphic Packaging

Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its stake in shares of Graphic Packaging by 102.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 9,983,556 shares of the industrial products company’s stock worth $291,320,000 after buying an additional 5,055,359 shares during the last quarter. Norges Bank acquired a new stake in shares of Graphic Packaging during the fourth quarter valued at about $100,387,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Graphic Packaging by 14.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,951,542 shares of the industrial products company’s stock worth $220,656,000 after purchasing an additional 1,134,410 shares during the last quarter. L1 Capital International Pty Ltd bought a new position in Graphic Packaging in the 4th quarter valued at approximately $16,039,000. Finally, Greenlight Capital Inc. boosted its position in Graphic Packaging by 32.0% during the 4th quarter. Greenlight Capital Inc. now owns 2,536,100 shares of the industrial products company’s stock worth $62,515,000 after buying an additional 614,490 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Graphic Packaging Company Profile

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.