Graphic Packaging (NYSE:GPK) Stock Rating Reaffirmed by Truist Financial

Truist Financial reissued their buy rating on shares of Graphic Packaging (NYSE:GPK) in a research note published on Wednesday morning, Benzinga reports. The firm currently has a $35.00 price target on the industrial products company’s stock, up from their previous price target of $33.00.

A number of other equities analysts have also commented on GPK. Stifel Nicolaus assumed coverage on shares of Graphic Packaging in a research note on Tuesday, July 9th. They issued a buy rating and a $35.20 price objective for the company. Citigroup decreased their target price 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. Robert W. Baird upped their price target on Graphic Packaging from $30.00 to $36.00 and gave the company an outperform rating in a research report on Wednesday. Finally, StockNews.com downgraded Graphic Packaging from a buy rating to a hold rating in a research note on Thursday, July 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $31.15.

Graphic Packaging Stock Performance

Shares of NYSE GPK opened at $28.92 on Wednesday. Graphic Packaging has a 52-week low of $20.07 and a 52-week high of $30.66. The stock has a market capitalization of $8.68 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 5.10 and a beta of 0.84. 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 stock’s fifty day simple moving average is $27.38 and its 200 day simple moving average is $27.07.

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. Graphic Packaging had a return on equity of 30.74% and a net margin of 7.93%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter last year, the business posted $0.66 EPS. Graphic Packaging’s revenue was down 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that Graphic Packaging will post 2.72 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 5th. Stockholders of record on Sunday, September 15th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Friday, September 13th. Graphic Packaging’s dividend payout ratio (DPR) is presently 18.10%.

Institutional Investors Weigh In On Graphic Packaging

Large investors have recently made changes to their positions in the company. Capital Insight Partners LLC grew its position in Graphic Packaging by 9.8% in the fourth quarter. Capital Insight Partners LLC now owns 31,335 shares of the industrial products company’s stock worth $772,000 after acquiring an additional 2,800 shares in the last quarter. Benin Management CORP bought a new stake in Graphic Packaging in the fourth quarter worth $234,000. Allspring Global Investments Holdings LLC increased its position in Graphic Packaging by 102.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,928,197 shares of the industrial products company’s stock worth $121,480,000 after buying an additional 2,498,942 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Graphic Packaging during the fourth quarter worth $2,896,000. Finally, Moody Aldrich Partners LLC bought a new position in Graphic Packaging during the fourth quarter valued at about $208,000. 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.