Graphic Packaging (NYSE:GPK) Coverage Initiated at UBS Group


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Investment analysts at UBS Group assumed coverage on shares of Graphic Packaging (NYSE:GPK) in a research report issued to clients and investors on Tuesday, AnalystRatings.net reports. The brokerage set a “neutral” rating and a $18.00 price target on the industrial products company’s stock. UBS Group’s price objective indicates a potential upside of 0.73% from the company’s previous close.

A number of other research analysts have also issued reports on GPK. Zacks Investment Research lowered Graphic Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, October 21st. BidaskClub upgraded Graphic Packaging from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 12th. ValuEngine upgraded Graphic Packaging from a “sell” rating to a “hold” rating in a research report on Wednesday, November 18th. Seaport Global Securities restated a “neutral” rating on shares of Graphic Packaging in a research report on Monday. Finally, Morgan Stanley boosted their price target on Graphic Packaging from $17.00 to $20.00 and gave the stock an “overweight” rating in a research report on Tuesday. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $16.88.

Shares of NYSE:GPK opened at $17.87 on Tuesday. The stock’s 50-day moving average price is $16.63 and its two-hundred day moving average price is $14.84. The company has a current ratio of 1.17, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. Graphic Packaging has a 12-month low of $10.40 and a 12-month high of $18.22. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of 36.47, a PEG ratio of 0.60 and a beta of 1.18.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, October 20th. The industrial products company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. Graphic Packaging had a return on equity of 15.24% and a net margin of 2.12%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the business posted $0.20 EPS. The company’s revenue was up 7.3% on a year-over-year basis. As a group, research analysts forecast that Graphic Packaging will post 1.1 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Graphic Packaging by 8.0% during the 3rd quarter. BlackRock Inc. now owns 16,460,211 shares of the industrial products company’s stock valued at $231,924,000 after purchasing an additional 1,224,603 shares during the period. JPMorgan Chase & Co. boosted its stake in Graphic Packaging by 2.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,264,847 shares of the industrial products company’s stock valued at $114,054,000 after purchasing an additional 164,894 shares during the period. Handelsbanken Fonder AB boosted its stake in Graphic Packaging by 29.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 7,540,052 shares of the industrial products company’s stock valued at $106,239,000 after purchasing an additional 1,715,000 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Graphic Packaging by 19.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,604,846 shares of the industrial products company’s stock valued at $36,442,000 after purchasing an additional 427,930 shares during the period. Finally, Nuveen Asset Management LLC boosted its stake in Graphic Packaging by 22.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,366,338 shares of the industrial products company’s stock valued at $33,105,000 after purchasing an additional 428,128 shares during the period. Institutional investors own 89.89% of the company’s stock.

Graphic Packaging Company Profile

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 products, such as folding cartons, 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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