Graphic Packaging (NYSE:GPK) PT Lowered to $30.00 at Citigroup

Graphic Packaging (NYSE:GPK) had its target price decreased by Citigroup from $31.00 to $30.00 in a research report sent to investors on Monday morning, Benzinga reports. Citigroup currently has a buy rating on the industrial products company’s stock.

GPK has been the subject of several other research reports. StockNews.com upgraded Graphic Packaging from a hold rating to a buy rating in a research note on Wednesday, July 3rd. Wells Fargo & Company restated an underweight rating and issued a $21.00 target price on shares of Graphic Packaging in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $28.74.

Graphic Packaging Trading Up 1.5 %

Shares of Graphic Packaging stock opened at $26.94 on Monday. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.24 and a quick ratio of 0.52. The firm has a market cap of $8.28 billion, a PE ratio of 12.19, a P/E/G ratio of 9.39 and a beta of 0.85. Graphic Packaging has a 1 year low of $20.07 and a 1 year high of $29.50. The stock has a fifty day moving average price of $27.25 and a 200-day moving average price of $26.75.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.38 billion. Graphic Packaging had a return on equity of 32.55% and a net margin of 7.36%. The firm’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 EPS. Equities research analysts anticipate that Graphic Packaging will post 2.66 EPS for the current year.

Graphic Packaging Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Saturday, June 15th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.48%. Graphic Packaging’s dividend payout ratio (DPR) is 18.10%.

Hedge Funds Weigh In On Graphic Packaging

Large investors have recently added to or reduced their stakes in the business. 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 valued at $291,320,000 after buying an additional 5,055,359 shares during the last quarter. Norges Bank purchased a new position in shares of Graphic Packaging in the fourth quarter worth about $100,387,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Graphic Packaging by 14.5% in 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 buying an additional 1,134,410 shares during the period. L1 Capital International Pty Ltd purchased a new position in shares of Graphic Packaging in the fourth quarter worth about $16,039,000. Finally, Wellington Management Group LLP increased its holdings in shares of Graphic Packaging by 5.2% in the third quarter. Wellington Management Group LLP now owns 12,681,314 shares of the industrial products company’s stock worth $282,540,000 after buying an additional 628,663 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

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.