Truist Financial Cuts Graphic Packaging (NYSE:GPK) Price Target to $30.00

Graphic Packaging (NYSE:GPK) had its price objective cut by analysts at Truist Financial from $31.00 to $30.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the industrial products company’s stock. Truist Financial’s price objective would indicate a potential upside of 18.81% from the stock’s current price.

Several other research firms also recently weighed in on GPK. Robert W. Baird decreased their price target on shares of Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company raised Graphic Packaging from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $24.00 to $27.00 in a research report on Monday, January 6th. Finally, Citigroup reiterated a “neutral” rating and issued a $30.00 target price (down from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $31.37.

Graphic Packaging Trading Down 0.3 %

Shares of GPK stock opened at $25.25 on Monday. The company has a market cap of $7.58 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81. The stock’s 50 day simple moving average is $26.86 and its two-hundred day simple moving average is $28.11. Graphic Packaging has a 1 year low of $24.50 and a 1 year high of $30.70. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.46 and a quick ratio of 0.54.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 earnings per share. Research analysts predict that Graphic Packaging will post 2.47 earnings per share for the current year.

Hedge Funds Weigh In On Graphic Packaging

A number of large investors have recently added to or reduced their stakes in GPK. Howard Capital Management Group LLC grew its position in shares of Graphic Packaging by 0.3% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,007,968 shares of the industrial products company’s stock worth $29,826,000 after buying an additional 2,969 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Graphic Packaging by 13.8% in the third quarter. Advisors Asset Management Inc. now owns 26,631 shares of the industrial products company’s stock worth $788,000 after purchasing an additional 3,239 shares during the last quarter. Raymond James Trust N.A. acquired a new position in shares of Graphic Packaging during the third quarter worth $343,000. Citigroup Inc. boosted its position in shares of Graphic Packaging by 6.5% in the 3rd quarter. Citigroup Inc. now owns 1,651,176 shares of the industrial products company’s stock worth $48,858,000 after purchasing an additional 101,479 shares in the last quarter. Finally, Nwam LLC purchased a new stake in Graphic Packaging in the third quarter valued at about $235,000. 99.67% of the stock is currently owned by institutional investors.

About Graphic Packaging

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.