Truist Financial Has Lowered Expectations for Graphic Packaging (NYSE:GPK) Stock Price

Graphic Packaging (NYSE:GPK) had its target price lowered by equities research analysts at Truist Financial from $31.00 to $30.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the industrial products company’s stock. Truist Financial’s price objective suggests a potential upside of 18.81% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Robert W. Baird cut their price target on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company raised shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $24.00 to $27.00 in a report on Monday, January 6th. Finally, Citigroup reiterated a “neutral” rating and set a $30.00 price target (down previously from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Graphic Packaging presently has a consensus rating of “Hold” and an average target price of $31.37.

Graphic Packaging Stock Down 0.3 %

GPK opened at $25.25 on Monday. Graphic Packaging has a twelve month low of $24.50 and a twelve month high of $30.70. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71. The firm has a 50 day moving average price of $26.86 and a 200-day moving average price of $28.11. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. Graphic Packaging’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Equities research analysts forecast that Graphic Packaging will post 2.47 earnings per share for the current year.

Hedge Funds Weigh In On Graphic Packaging

A number of hedge funds have recently made changes to their positions in the business. Truvestments Capital LLC bought a new position in Graphic Packaging in the 3rd quarter worth approximately $30,000. Picton Mahoney Asset Management lifted its stake in Graphic Packaging by 55.4% in the 4th quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 394 shares in the last quarter. Crews Bank & Trust bought a new position in shares of Graphic Packaging during the 4th quarter valued at about $32,000. Avior Wealth Management LLC grew its position in shares of Graphic Packaging by 2,484.0% during the fourth quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 1,242 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Graphic Packaging by 92.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 689 shares during the last quarter. 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.