Robert W. Baird Cuts Graphic Packaging (NYSE:GPK) Price Target to $32.00

Graphic Packaging (NYSE:GPK) had its price target cut by stock analysts at Robert W. Baird from $36.00 to $32.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s target price points to a potential upside of 19.45% from the stock’s current price.

GPK has been the subject of a number of other research reports. StockNews.com lowered shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Truist Financial raised their price target on Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a report on Monday, January 6th. Wells Fargo & Company raised Graphic Packaging from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $24.00 to $27.00 in a research note on Monday, January 6th. Citigroup reissued a “neutral” rating and set a $30.00 price objective (down previously from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Finally, Royal Bank of Canada decreased their price target on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.70.

Graphic Packaging Trading Up 0.9 %

Graphic Packaging stock opened at $26.79 on Wednesday. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of 11.50 and a beta of 0.85. Graphic Packaging has a 12 month low of $23.47 and a 12 month high of $30.70. The business has a 50 day moving average price of $28.00 and a two-hundred day moving average price of $28.64. The company has a quick ratio of 0.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.78.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.04). Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. As a group, equities analysts forecast that Graphic Packaging will post 2.53 EPS for the current year.

Insider Buying and Selling

In other news, CAO Charles D. Lischer sold 12,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $29.65, for a total transaction of $355,800.00. Following the sale, the chief accounting officer now directly owns 49,849 shares of the company’s stock, valued at $1,478,022.85. This represents a 19.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Graphic Packaging

A number of hedge funds have recently made changes to their positions in GPK. Creative Planning lifted its holdings in shares of Graphic Packaging by 14.8% in the second quarter. Creative Planning now owns 11,082 shares of the industrial products company’s stock valued at $290,000 after purchasing an additional 1,432 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Graphic Packaging by 3.3% in the 2nd quarter. Cetera Investment Advisers now owns 107,962 shares of the industrial products company’s stock worth $2,830,000 after purchasing an additional 3,472 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Graphic Packaging in the second quarter worth approximately $711,000. GAMMA Investing LLC lifted its stake 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 acquiring an additional 1,564 shares during the last quarter. Finally, Fulton Bank N.A. raised its stake in Graphic Packaging by 2.6% during the 3rd quarter. Fulton Bank N.A. now owns 28,284 shares of the industrial products company’s stock valued at $837,000 after purchasing an additional 721 shares during the last quarter. Hedge funds and other 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.