Graphic Packaging (NYSE:GPK) Downgraded by Zacks Investment Research to Hold

Graphic Packaging (NYSE:GPK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday, Zacks.com reports.

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 issued reports about the stock. TheStreet upgraded shares of Graphic Packaging from a “c+” rating to a “b-” rating in a research report on Monday, April 22nd. ValuEngine raised Graphic Packaging from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. KeyCorp reaffirmed a “hold” rating on shares of Graphic Packaging in a research note on Wednesday, April 24th. Citigroup lifted their price target on Graphic Packaging from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Finally, UBS Group lifted their price objective on Graphic Packaging from $12.50 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $16.00.

Shares of GPK traded up $0.05 during mid-day trading on Thursday, hitting $12.80. 4,595,900 shares of the company’s stock were exchanged, compared to its average volume of 4,093,631. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 15.80, a P/E/G ratio of 1.18 and a beta of 1.34. Graphic Packaging has a fifty-two week low of $10.04 and a fifty-two week high of $15.58. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.70 and a current ratio of 1.70. The stock’s 50-day moving average is $14.22 and its 200-day moving average is $13.31.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. Graphic Packaging had a net margin of 4.32% and a return on equity of 12.94%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 earnings per share. As a group, equities research analysts anticipate that Graphic Packaging will post 0.85 EPS for the current year.

Several large investors have recently added to or reduced their stakes in GPK. Aperio Group LLC lifted its holdings in shares of Graphic Packaging by 1.2% in the second quarter. Aperio Group LLC now owns 62,660 shares of the industrial products company’s stock valued at $876,000 after buying an additional 750 shares during the period. Virginia Retirement Systems ET AL grew its holdings in Graphic Packaging by 1.4% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 56,600 shares of the industrial products company’s stock valued at $791,000 after buying an additional 800 shares during the last quarter. Berman Capital Advisors LLC grew its holdings in Graphic Packaging by 4.7% in the 2nd quarter. Berman Capital Advisors LLC now owns 17,925 shares of the industrial products company’s stock valued at $250,000 after buying an additional 801 shares during the last quarter. Veritable L.P. grew its holdings in Graphic Packaging by 11.6% in the 2nd quarter. Veritable L.P. now owns 12,182 shares of the industrial products company’s stock valued at $170,000 after buying an additional 1,267 shares during the last quarter. Finally, Seelaus Asset Management LLC lifted its position in shares of Graphic Packaging by 1.6% in the 2nd quarter. Seelaus Asset Management LLC now owns 98,190 shares of the industrial products company’s stock worth $1,373,000 after acquiring an additional 1,500 shares during the period.

About Graphic Packaging

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, foodservice, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.

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