Graphic Packaging (NYSE:GPK) Given New $9.00 Price Target at Citigroup

Graphic Packaging (NYSE:GPK) had its price objective dropped by equities researchers at Citigroup from $13.00 to $9.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. Citigroup’s price objective would indicate a potential upside of 1.87% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Royal Bank Of Canada reduced their price target on Graphic Packaging from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Graphic Packaging in a research note on Monday, September 21st. JPMorgan Chase & Co. upgraded Graphic Packaging from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $12.50 to $11.50 in a research report on Wednesday, September 23rd. Bank of America decreased their price target on Graphic Packaging from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Friday, September 11th. Finally, UBS Group upped their price objective on shares of Graphic Packaging from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $11.01.

Graphic Packaging Trading Down 1.4%

Shares of NYSE GPK traded down $0.12 during midday trading on Friday, reaching $8.84. 5,127,009 shares of the stock were exchanged, compared to its average volume of 6,482,993. The stock has a 50 day moving average price of $10.67 and a 200-day moving average price of $10.36. The company has a current ratio of 1.38, a quick ratio of 0.60 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $2.62 billion, a P/E ratio of 13.39 and a beta of 0.66. Graphic Packaging has a 52-week low of $8.78 and a 52-week high of $19.60.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.18 billion. Graphic Packaging had a net margin of 2.25% and a return on equity of 9.95%. Graphic Packaging’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 earnings per share. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. Equities research analysts expect that Graphic Packaging will post 0.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Graphic Packaging

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Graphic Packaging during the 2nd quarter worth about $440,345,000. Eminence Capital LP raised its holdings in Graphic Packaging by 67.5% in the fourth quarter. Eminence Capital LP now owns 12,811,941 shares of the industrial products company’s stock valued at $192,948,000 after buying an additional 5,163,806 shares during the period. Manning & Napier Advisors LLC lifted its position in Graphic Packaging by 6,288.6% during the first quarter. Manning & Napier Advisors LLC now owns 8,481,670 shares of the industrial products company’s stock valued at $84,308,000 after buying an additional 8,348,907 shares in the last quarter. Bank of America Corp DE purchased a new stake in Graphic Packaging during the second quarter worth approximately $45,266,000. Finally, Squarepoint Ops LLC grew its stake in Graphic Packaging by 20.3% during the second quarter. Squarepoint Ops LLC now owns 4,155,774 shares of the industrial products company’s stock worth $43,927,000 after buying an additional 701,762 shares during the period. 99.67% of the stock is owned by institutional investors and hedge funds.

About Graphic Packaging

Graphic Packaging Holding Company (NYSE: GPK) is a provider of fiber-based packaging solutions for consumer products companies. Through its Graphic Packaging International subsidiary, the company designs and manufactures paperboard cartons, cups, trays and other packaging products used to package food, beverages and household and personal-care products.

The company also supplies packaging machinery and integrated packaging systems, including equipment used to form, fill and seal cartons and cups.