Truist Financial Issues Pessimistic Forecast for Graphic Packaging (NYSE:GPK) Stock Price

Graphic Packaging (NYSE:GPK) had its price target lowered by Truist Financial from $11.00 to $9.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “hold” rating on the industrial products company’s stock. Truist Financial’s target price indicates a potential upside of 8.89% from the company’s current price.

Several other research firms have also recently commented on GPK. Wells Fargo & Company boosted their price target 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. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Graphic Packaging in a research note on Monday, September 21st. Citigroup lowered their price target on Graphic Packaging from $13.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. JPMorgan Chase & Co. upgraded shares of Graphic Packaging from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $12.50 to $11.50 in a research note on Wednesday, September 23rd. Finally, Bank of America lowered their target price on shares of Graphic Packaging from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Friday, September 11th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $10.51.

Graphic Packaging Price Performance

Graphic Packaging stock traded down $0.09 during midday trading on Monday, hitting $8.27. The company’s stock had a trading volume of 2,783,273 shares, compared to its average volume of 6,525,144. The company has a quick ratio of 0.60, a current ratio of 1.38 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $2.45 billion, a PE ratio of 12.52 and a beta of 0.66. Graphic Packaging has a 12 month low of $8.15 and a 12 month high of $18.25. The stock’s 50-day moving average price is $10.36 and its 200-day moving average price is $10.32.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the previous year, the firm posted $0.42 EPS. The company’s quarterly revenue was down .7% on a year-over-year basis. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. Analysts anticipate that Graphic Packaging will post 0.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in Graphic Packaging in the second quarter valued at approximately $440,345,000. Eminence Capital LP grew its position in shares of Graphic Packaging by 67.5% during the 4th quarter. Eminence Capital LP now owns 12,811,941 shares of the industrial products company’s stock worth $192,948,000 after buying an additional 5,163,806 shares during the period. Manning & Napier Advisors LLC bought a new stake in shares of Graphic Packaging in the 2nd quarter valued at about $88,094,000. Bank of America Corp DE bought a new stake in shares of Graphic Packaging in the 2nd quarter valued at about $45,266,000. Finally, Squarepoint Ops LLC increased its stake in shares of Graphic Packaging by 20.3% in the 2nd quarter. Squarepoint Ops LLC now owns 4,155,774 shares of the industrial products company’s stock valued at $43,927,000 after acquiring an additional 701,762 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.

About Graphic Packaging

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.