Graphic Packaging (NYSE:GPK) Rating Reiterated by Wells Fargo & Company

Graphic Packaging (NYSE:GPKGet Free Report)‘s stock had its “underweight” rating reiterated by equities researchers at Wells Fargo & Company in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $21.00 price objective on the industrial products company’s stock. Wells Fargo & Company‘s price target would indicate a potential downside of 26.00% from the stock’s previous close.

A number of other equities research analysts have also issued reports on GPK. Citigroup upped their price objective on shares of Graphic Packaging from $29.00 to $32.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Robert W. Baird increased their target price on shares of Graphic Packaging from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Finally, StockNews.com lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.22.

Read Our Latest Stock Analysis on GPK

Graphic Packaging Price Performance

Graphic Packaging stock opened at $28.38 on Monday. Graphic Packaging has a 52-week low of $20.07 and a 52-week high of $29.43. The firm has a market capitalization of $8.69 billion, a price-to-earnings ratio of 12.08 and a beta of 0.84. The company has a fifty day simple moving average of $26.48 and a 200-day simple moving average of $24.24. The company has a quick ratio of 0.42, a current ratio of 1.10 and a debt-to-equity ratio of 1.66.

Graphic Packaging (NYSE:GPKGet Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Graphic Packaging had a net margin of 7.67% and a return on equity of 35.66%. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Graphic Packaging’s quarterly revenue was down 5.7% on a year-over-year basis. On average, equities analysts anticipate that Graphic Packaging will post 2.71 EPS for the current fiscal year.

Insider Transactions at Graphic Packaging

In related news, EVP Joseph P. Yost sold 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $26.20, for a total value of $1,834,000.00. Following the sale, the executive vice president now owns 205,231 shares of the company’s stock, valued at $5,377,052.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Graphic Packaging

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Graphic Packaging by 85.7% in the second quarter. BlackRock Inc. now owns 30,419,429 shares of the industrial products company’s stock valued at $730,979,000 after purchasing an additional 14,040,222 shares during the last quarter. Norges Bank purchased a new position in Graphic Packaging in the fourth quarter valued at approximately $216,432,000. Wellington Management Group LLP increased its stake in Graphic Packaging by 70.0% in the first quarter. Wellington Management Group LLP now owns 10,911,606 shares of the industrial products company’s stock valued at $218,669,000 after purchasing an additional 4,493,702 shares during the last quarter. Millennium Management LLC increased its stake in Graphic Packaging by 114.8% in the fourth quarter. Millennium Management LLC now owns 7,690,896 shares of the industrial products company’s stock valued at $171,122,000 after purchasing an additional 4,111,129 shares during the last quarter. Finally, FMR LLC increased its stake in Graphic Packaging by 67.2% in the third quarter. FMR LLC now owns 10,133,955 shares of the industrial products company’s stock valued at $225,785,000 after purchasing an additional 4,074,508 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Graphic Packaging (NYSE:GPK)

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