Zacks Investment Research upgraded shares of Graphic Packaging (NYSE:GPK) from a sell rating to a hold rating in a report published on Monday morning.

According to Zacks, “GRAPHIC PACKAGING CORPORATION, headquartered in Marietta, Georgia, is a leading provider of paperboard packaging solutions for a wide variety of products to food, beverage and other consumer products companies. Graphic Packaging’s customers include some of the most widely recognized companies in the world. “

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets reissued a buy rating and issued a $15.50 target price on shares of Graphic Packaging in a research note on Friday, September 1st. DA Davidson reissued a buy rating and issued a $16.50 target price (down from $17.50) on shares of Graphic Packaging in a research note on Monday, August 21st. Royal Bank Of Canada reissued a buy rating and issued a $15.00 target price on shares of Graphic Packaging in a research note on Tuesday, October 10th. KeyCorp reissued a hold rating on shares of Graphic Packaging in a research note on Tuesday, October 10th. Finally, BidaskClub raised shares of Graphic Packaging from a sell rating to a hold rating in a research note on Saturday, August 12th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Graphic Packaging presently has a consensus rating of Buy and a consensus price target of $16.26.

Graphic Packaging (NYSE GPK) opened at $15.35 on Monday. The firm has a market cap of $4,788.18, a P/E ratio of 25.34, a PEG ratio of 4.73 and a beta of 1.19. Graphic Packaging has a 52 week low of $12.00 and a 52 week high of $15.85. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.74 and a current ratio of 1.50.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. Graphic Packaging had a net margin of 3.70% and a return on equity of 17.27%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the business earned $0.20 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. equities research analysts predict that Graphic Packaging will post 0.65 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, December 14th. Graphic Packaging’s dividend payout ratio is 57.69%.

In other Graphic Packaging news, VP Deborah R. Frank sold 38,266 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $15.51, for a total transaction of $593,505.66. Following the completion of the sale, the vice president now owns 77,139 shares of the company’s stock, valued at approximately $1,196,425.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.02% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Boston Partners lifted its holdings in shares of Graphic Packaging by 2.5% during the third quarter. Boston Partners now owns 23,242,239 shares of the industrial products company’s stock worth $324,229,000 after buying an additional 575,011 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Graphic Packaging by 241.9% during the third quarter. American Century Companies Inc. now owns 15,844,681 shares of the industrial products company’s stock worth $221,033,000 after buying an additional 11,210,161 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Graphic Packaging by 6.5% during the third quarter. Janus Henderson Group PLC now owns 9,022,954 shares of the industrial products company’s stock worth $125,871,000 after buying an additional 548,688 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Graphic Packaging by 8.4% during the second quarter. JPMorgan Chase & Co. now owns 8,994,618 shares of the industrial products company’s stock worth $123,946,000 after buying an additional 696,161 shares in the last quarter. Finally, Canyon Capital Advisors LLC acquired a new stake in shares of Graphic Packaging during the second quarter worth $100,045,000. 96.90% of the stock is owned by institutional investors.

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Graphic Packaging Company Profile

Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.

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Analyst Recommendations for Graphic Packaging (NYSE:GPK)

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