Graphic Packaging (NYSE:GPK) Price Target Raised to $32.00 at Truist Financial

Graphic Packaging (NYSE:GPK) had its price target upped by Truist Financial from $30.00 to $32.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “hold” rating on the industrial products company’s stock. Truist Financial’s price target would indicate a potential upside of 20.57% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada dropped their target price on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Citigroup reiterated a “neutral” rating and issued a $30.00 price objective (down previously from $33.00) on shares of Graphic Packaging in a research note on Monday. Wells Fargo & Company upgraded shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $24.00 to $27.00 in a research report on Monday. Finally, StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Graphic Packaging presently has a consensus rating of “Hold” and a consensus target price of $32.37.

Graphic Packaging Stock Performance

NYSE GPK opened at $26.54 on Monday. Graphic Packaging has a 52-week low of $23.47 and a 52-week high of $30.70. The stock has a market cap of $7.97 billion, a PE ratio of 11.34, a P/E/G ratio of 11.42 and a beta of 0.85. The firm has a 50-day moving average of $28.52 and a 200-day moving average of $28.54. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.72 and a current ratio of 1.73.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.27 billion. Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The company’s revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 EPS. On average, sell-side analysts anticipate that Graphic Packaging will post 2.52 EPS for the current year.

Insider Buying and Selling at Graphic Packaging

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total transaction of $750,841.00. Following the completion of the transaction, the executive vice president now owns 81,026 shares of the company’s stock, valued at approximately $2,348,943.74. The trade was a 24.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Charles D. Lischer sold 12,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $29.65, for a total transaction of $355,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 49,849 shares of the company’s stock, valued at $1,478,022.85. This trade represents a 19.40 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Graphic Packaging

A number of institutional investors have recently added to or reduced their stakes in GPK. UMB Bank n.a. grew its stake in shares of Graphic Packaging by 546.6% during the third quarter. UMB Bank n.a. now owns 944 shares of the industrial products company’s stock worth $28,000 after buying an additional 798 shares during the last quarter. Truvestments Capital LLC bought a new stake in Graphic Packaging during the 3rd quarter worth $30,000. Wilmington Savings Fund Society FSB bought a new stake in Graphic Packaging during the 3rd quarter worth $73,000. GAMMA Investing LLC raised its position in Graphic Packaging by 57.0% in the third quarter. GAMMA Investing LLC now owns 4,308 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 1,564 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Graphic Packaging by 13.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,816 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 699 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

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.