Graphic Packaging (NYSE:GPK) Receives “Buy” Rating from Truist Financial

Graphic Packaging (NYSE:GPK)‘s stock had its “buy” rating reaffirmed by analysts at Truist Financial in a note issued to investors on Wednesday, Benzinga reports. They presently have a $35.00 price target on the industrial products company’s stock, up from their previous price target of $33.00. Truist Financial’s price objective would suggest a potential upside of 18.12% from the company’s current price.

A number of other equities research analysts have also commented on GPK. Citigroup decreased their price objective on Graphic Packaging from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, July 8th. Stifel Nicolaus assumed coverage on Graphic Packaging in a research report on Tuesday, July 9th. They set a “buy” rating and a $35.20 price objective for the company. Robert W. Baird raised their price objective on Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, StockNews.com lowered Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.78.

Graphic Packaging Trading Up 1.9 %

GPK traded up $0.54 during trading on Wednesday, reaching $29.63. The company had a trading volume of 307,363 shares, compared to its average volume of 2,690,086. The firm’s 50-day simple moving average is $27.27 and its 200 day simple moving average is $27.00. The company has a market cap of $9.11 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 10.20 and a beta of 0.85. Graphic Packaging has a 12-month low of $20.07 and a 12-month high of $29.74. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.52 and a current ratio of 1.24.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Graphic Packaging had a return on equity of 32.55% and a net margin of 7.36%. Graphic Packaging’s revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS. Equities research analysts anticipate that Graphic Packaging will post 2.69 earnings per share for the current year.

Institutional Investors Weigh In On Graphic Packaging

Institutional investors have recently made changes to their positions in the company. Principal Securities Inc. bought a new position in shares of Graphic Packaging in the 4th quarter valued at approximately $26,000. Rise Advisors LLC bought a new position in shares of Graphic Packaging in the 1st quarter valued at approximately $26,000. OLD Point Trust & Financial Services N A bought a new position in shares of Graphic Packaging in the 4th quarter valued at approximately $27,000. LRI Investments LLC bought a new position in shares of Graphic Packaging in the 1st quarter valued at approximately $38,000. Finally, GAMMA Investing LLC bought a new position in shares of Graphic Packaging in the 4th quarter valued at approximately $44,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

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.