Bank of America Begins Coverage on Graphic Packaging (NYSE:GPK)

Stock analysts at Bank of America assumed coverage on shares of Graphic Packaging (NYSE:GPK) in a research report issued to clients and investors on Tuesday. The brokerage set a “neutral” rating and a $12.00 price target on the industrial products company’s stock. Bank of America‘s target price points to a potential upside of 19.02% from the company’s previous close.

GPK has been the topic of several other research reports. Zacks Research upgraded shares of Graphic Packaging from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Truist Financial cut their target price on shares of Graphic Packaging from $14.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, April 15th. UBS Group increased their price target on shares of Graphic Packaging from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Graphic Packaging in a research report on Wednesday, June 24th. Finally, Royal Bank Of Canada decreased their price target on shares of Graphic Packaging from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Friday, March 20th. Nine investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $10.92.

Graphic Packaging Stock Performance

NYSE:GPK traded down $0.30 during mid-day trading on Tuesday, hitting $10.08. 145,973 shares of the company’s stock traded hands, compared to its average volume of 6,876,350. The firm has a 50 day moving average of $10.53 and a two-hundred day moving average of $11.55. Graphic Packaging has a 12 month low of $8.78 and a 12 month high of $23.76. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 10.99 and a beta of 0.66. The company has a current ratio of 1.41, a quick ratio of 0.59 and a debt-to-equity ratio of 1.60.

Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, May 5th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.05 billion. Graphic Packaging had a return on equity of 12.62% and a net margin of 3.17%.The company’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS. Graphic Packaging has set its FY 2026 guidance at 0.750-1.150 EPS. On average, equities analysts forecast that Graphic Packaging will post 0.78 earnings per share for the current fiscal year.

Insider Transactions at Graphic Packaging

In related news, Director Jeffrey Stafeil acquired 17,878 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were bought at an average cost of $11.19 per share, with a total value of $200,054.82. Following the completion of the acquisition, the director owned 17,878 shares of the company’s stock, valued at $200,054.82. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Graphic Packaging

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its position in Graphic Packaging by 2.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 19,512,601 shares of the industrial products company’s stock valued at $295,616,000 after acquiring an additional 373,624 shares during the period. Eminence Capital LP lifted its holdings in shares of Graphic Packaging by 67.5% during 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 acquiring an additional 5,163,806 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Graphic Packaging by 18.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,728,031 shares of the industrial products company’s stock valued at $176,626,000 after purchasing an additional 1,824,110 shares in the last quarter. State Street Corp boosted its stake in shares of Graphic Packaging by 0.8% in the 4th quarter. State Street Corp now owns 9,877,303 shares of the industrial products company’s stock valued at $149,808,000 after purchasing an additional 81,300 shares in the last quarter. Finally, UBS Group AG grew its holdings in shares of Graphic Packaging by 123.8% in the 4th quarter. UBS Group AG now owns 9,026,134 shares of the industrial products company’s stock worth $135,934,000 after purchasing an additional 4,992,179 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.

Graphic Packaging Company Profile

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.