Royal Bank Of Canada Cuts Graphic Packaging (NYSE:GPK) Price Target to $10.00

Graphic Packaging (NYSE:GPK) had its price target lowered by Royal Bank Of Canada from $11.00 to $10.00 in a report issued on Wednesday, Marketbeat.com reports. The firm currently has a sector perform rating on the industrial products company’s stock.

Several other equities analysts also recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Graphic Packaging from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Wednesday, August 5th. Bank of America cut their target price on shares of Graphic Packaging from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, September 11th. JPMorgan Chase & Co. upgraded shares of Graphic Packaging from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $12.50 to $11.50 in a research report on Wednesday, September 23rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Graphic Packaging in a research note on Monday, September 21st. Finally, UBS Group lifted their price objective on Graphic Packaging from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $11.01.

Graphic Packaging Stock Down 2.1%

Graphic Packaging stock opened at $8.78 on Wednesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.38 and a quick ratio of 0.60. The stock has a market capitalization of $2.60 billion, a PE ratio of 13.30 and a beta of 0.66. The business has a 50 day simple moving average of $10.63 and a 200-day simple moving average of $10.35. Graphic Packaging has a 12 month low of $8.70 and a 12 month high of $19.60.

Graphic Packaging (NYSE:GPK) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Graphic Packaging had a return on equity of 9.95% and a net margin of 2.25%.The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the firm posted $0.42 EPS. The business’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, analysts anticipate that Graphic Packaging will post 0.72 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th will be given a dividend of $0.11 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.44 dividend on an annualized basis and a yield of 5.0%. Graphic Packaging’s payout ratio is presently 66.67%.

Institutional Trading of Graphic Packaging

Several large investors have recently bought and sold shares of GPK. QRG Capital Management Inc. increased its stake in Graphic Packaging by 111.0% during the second quarter. QRG Capital Management Inc. now owns 21,570 shares of the industrial products company’s stock worth $228,000 after acquiring an additional 11,345 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Graphic Packaging by 46.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 65,870 shares of the industrial products company’s stock valued at $696,000 after purchasing an additional 21,039 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Graphic Packaging by 135.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 63,784 shares of the industrial products company’s stock valued at $674,000 after purchasing an additional 36,682 shares during the last quarter. Engineers Gate Manager LP grew its holdings in shares of Graphic Packaging by 60.9% during the 2nd quarter. Engineers Gate Manager LP now owns 444,472 shares of the industrial products company’s stock worth $4,698,000 after purchasing an additional 168,171 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of Graphic Packaging during the 2nd quarter worth about $145,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Graphic Packaging Company Profile

Graphic Packaging Holding Company (NYSE: GPK) is a provider of fiber-based packaging solutions for consumer products companies. Through its Graphic Packaging International subsidiary, the company designs and manufactures paperboard cartons, cups, trays and other packaging products used to package food, beverages and household and personal-care products.

The company also supplies packaging machinery and integrated packaging systems, including equipment used to form, fill and seal cartons and cups.