Graphic Packaging (NYSE:GPK) Now Covered by Deutsche Bank Aktiengesellschaft

Investment analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of Graphic Packaging (NYSE:GPK) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating and a $9.60 price target on the industrial products company’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential downside of 3.38% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Graphic Packaging from $11.00 to $9.00 and set an “underweight” rating on the stock in a report on Friday, March 20th. Citigroup dropped their price target on Graphic Packaging from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. UBS Group cut their price target on Graphic Packaging from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Monday, January 12th. Zacks Research downgraded Graphic Packaging from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 14th. Finally, Truist Financial set a $14.00 target price on Graphic Packaging in a research report on Wednesday, February 4th. Nine equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $15.29.

Graphic Packaging Trading Up 5.6%

Shares of GPK stock opened at $9.94 on Wednesday. Graphic Packaging has a fifty-two week low of $8.78 and a fifty-two week high of $26.40. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.52 and a current ratio of 1.30. The stock has a 50 day simple moving average of $11.91 and a two-hundred day simple moving average of $15.00. The company has a market cap of $2.94 billion, a P/E ratio of 6.71 and a beta of 0.65.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Monday, March 2nd. The industrial products company reported $0.24 EPS for the quarter. Graphic Packaging had a net margin of 5.15% and a return on equity of 16.58%. The company had revenue of $2.10 billion during the quarter. Research analysts forecast that Graphic Packaging will post 2.47 earnings per share for the current year.

Insider Activity at Graphic Packaging

In related news, CEO Robbert Rietbroek acquired 44,278 shares of the stock in a transaction dated Wednesday, March 4th. The stock was purchased at an average cost of $11.32 per share, with a total value of $501,226.96. Following the completion of the purchase, the chief executive officer directly owned 44,278 shares in the company, valued at $501,226.96. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.41% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Graphic Packaging

Several institutional investors have recently bought and sold shares of the stock. Transce3nd LLC lifted its holdings in shares of Graphic Packaging by 8.4% in the 2nd quarter. Transce3nd LLC now owns 6,443 shares of the industrial products company’s stock worth $136,000 after acquiring an additional 500 shares during the last quarter. 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 worth $387,000 after purchasing an additional 539 shares during the period. Farther Finance Advisors LLC lifted its stake in Graphic Packaging by 17.1% in the fourth 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 lifted its stake in 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 worth $1,497,000 after purchasing an additional 660 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in Graphic Packaging by 1.1% during the third quarter. Oppenheimer & Co. Inc. now owns 65,067 shares of the industrial products company’s stock valued at $1,273,000 after buying an additional 711 shares during the period. 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.