Graphic Packaging (NYSE:GPK) Price Target Raised to $35.00 at Royal Bank of Canada

Graphic Packaging (NYSE:GPK) had its price objective lifted by research analysts at Royal Bank of Canada from $33.00 to $35.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 18.40% from the company’s current price.

Several other research firms have also commented on GPK. Stifel Nicolaus assumed coverage on shares of Graphic Packaging in a report on Tuesday, July 9th. They issued a “buy” rating and a $35.20 target price on the stock. Truist Financial reissued a “buy” rating and issued a $35.00 target price (up from $33.00) on shares of Graphic Packaging in a report on Wednesday. Robert W. Baird lifted their price target on shares of Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday. Citigroup decreased their price target on shares of Graphic Packaging from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, July 8th. Finally, StockNews.com lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Graphic Packaging currently has a consensus rating of “Moderate Buy” and an average price target of $31.15.

Graphic Packaging Price Performance

Shares of Graphic Packaging stock opened at $29.56 on Wednesday. Graphic Packaging has a twelve month low of $20.07 and a twelve month high of $30.66. The company has a quick ratio of 0.52, a current ratio of 1.45 and a debt-to-equity ratio of 1.75. The company has a 50-day simple moving average of $27.32 and a two-hundred day simple moving average of $27.03. The stock has a market capitalization of $8.87 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 5.18 and a beta of 0.84.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. Graphic Packaging had a net margin of 7.93% and a return on equity of 30.74%. The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the previous year, the company earned $0.66 EPS. The business’s revenue was down 6.5% on a year-over-year basis. Analysts forecast that Graphic Packaging will post 2.73 EPS for the current year.

Institutional Investors Weigh In On Graphic Packaging

A number of institutional investors have recently added to or reduced their stakes in GPK. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Graphic Packaging in the 4th quarter worth approximately $3,110,000. Greenlight Capital Inc. lifted its position in shares of Graphic Packaging by 32.0% in the 4th quarter. Greenlight Capital Inc. now owns 2,536,100 shares of the industrial products company’s stock worth $62,515,000 after purchasing an additional 614,490 shares during the period. BNP Paribas acquired a new position in shares of Graphic Packaging during the 1st quarter valued at $935,000. Harber Asset Management LLC acquired a new position in shares of Graphic Packaging during the 4th quarter valued at $4,412,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Graphic Packaging by 43.1% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 202,727 shares of the industrial products company’s stock valued at $5,916,000 after acquiring an additional 61,102 shares during the period. 99.67% of the stock is owned by institutional investors.

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.