Graphic Packaging (NYSE:GPK) Price Target Raised to $10.00

Graphic Packaging (NYSE:GPK) had its price objective hoisted by Wells Fargo & Company from $9.00 to $10.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an underweight rating on the industrial products company’s stock.

Several other research analysts have also recently weighed in on the stock. Robert W. Baird set a $13.00 price target on shares of Graphic Packaging in a report on Wednesday, May 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Graphic Packaging in a research report on Wednesday, June 24th. Bank of America started coverage on Graphic Packaging in a research note on Tuesday, July 14th. They issued a “neutral” rating and a $12.00 target price on the stock. JPMorgan Chase & Co. started coverage on Graphic Packaging in a report on Monday, June 29th. They issued a “neutral” rating and a $11.70 price target on the stock. Finally, Citigroup lifted their price target on Graphic Packaging from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Nine analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $11.14.

Graphic Packaging Trading Up 2.0%

Shares of Graphic Packaging stock opened at $12.10 on Wednesday. The company’s 50-day moving average price is $10.85 and its 200-day moving average price is $11.03. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 18.34 and a beta of 0.66. Graphic Packaging has a 12-month low of $8.78 and a 12-month high of $23.47. The company has a current ratio of 1.38, a quick ratio of 0.59 and a debt-to-equity ratio of 1.58.

Graphic Packaging (NYSE:GPK) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Graphic Packaging had a net margin of 2.25% and a return on equity of 9.95%. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the firm posted $0.42 EPS. Graphic Packaging’s revenue was down .7% on a year-over-year basis. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. On average, equities analysts expect that Graphic Packaging will post 0.74 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.44 annualized dividend and a dividend yield of 3.6%. Graphic Packaging’s dividend payout ratio (DPR) is currently 66.67%.

Hedge Funds Weigh In On Graphic Packaging

A number of large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its position in Graphic Packaging by 3.0% in the 2nd quarter. NewEdge Advisors LLC now owns 18,379 shares of the industrial products company’s stock valued at $387,000 after purchasing an additional 539 shares during the last quarter. Farther Finance Advisors LLC grew its position in Graphic Packaging by 17.1% during the 4th quarter. Farther Finance Advisors LLC now owns 4,450 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 651 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Graphic Packaging by 0.9% in the second quarter. Thrivent Financial for Lutherans now owns 71,049 shares of the industrial products company’s stock valued at $1,497,000 after buying an additional 660 shares during the last quarter. Hsbc Holdings PLC lifted its position in Graphic Packaging by 5.4% during the 2nd quarter. Hsbc Holdings PLC now owns 15,485 shares of the industrial products company’s stock worth $326,000 after acquiring an additional 791 shares during the period. Finally, one8zero8 LLC grew its stake in shares of Graphic Packaging by 8.7% in the 4th quarter. one8zero8 LLC now owns 12,500 shares of the industrial products company’s stock valued at $188,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

About Graphic Packaging

Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.

Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.