Graphic Packaging (NYSE:GPK) Price Target Cut to $18.00 by Analysts at Wells Fargo & Company

Graphic Packaging (NYSE:GPK - Get Free Report) had its target price dropped by stock analysts at Wells Fargo & Company from $20.00 to $18.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the industrial products company's stock. Wells Fargo & Company's target price would suggest a potential upside of 8.47% from the company's current price.

Several other equities research analysts also recently weighed in on GPK. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Graphic Packaging in a report on Wednesday, October 8th. Bank of America restated a "neutral" rating and issued a $24.00 price target on shares of Graphic Packaging in a research report on Thursday, October 9th. Raymond James Financial cut Graphic Packaging from an "outperform" rating to a "market perform" rating in a research report on Friday, October 17th. Royal Bank Of Canada cut Graphic Packaging from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from $25.00 to $21.00 in a research report on Thursday, October 9th. Finally, Zacks Research cut Graphic Packaging from a "hold" rating to a "strong sell" rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $22.75.

Get Our Latest Stock Report on Graphic Packaging

Graphic Packaging Stock Down 2.4%

Shares of GPK stock traded down $0.41 during trading hours on Thursday, reaching $16.59. 2,159,830 shares of the stock were exchanged, compared to its average volume of 3,400,631. The business's fifty day moving average is $18.98 and its two-hundred day moving average is $21.30. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.43 and a quick ratio of 0.56. Graphic Packaging has a 12-month low of $14.90 and a 12-month high of $30.49. The firm has a market capitalization of $4.92 billion, a P/E ratio of 9.36 and a beta of 0.72.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.04. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.17 billion. Graphic Packaging had a return on equity of 21.13% and a net margin of 6.18%. Graphic Packaging has set its FY 2025 guidance at 1.800-2.000 EPS. As a group, research analysts expect that Graphic Packaging will post 2.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Joseph P. Yost sold 30,000 shares of the company's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $22.72, for a total transaction of $681,600.00. Following the completion of the sale, the executive vice president directly owned 255,203 shares of the company's stock, valued at $5,798,212.16. This represents a 10.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.41% of the stock is owned by corporate insiders.

Institutional Trading of Graphic Packaging

Institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas lifted its stake in shares of Graphic Packaging by 75.3% during the first quarter. Teacher Retirement System of Texas now owns 50,534 shares of the industrial products company's stock valued at $1,312,000 after acquiring an additional 21,708 shares during the period. Concurrent Investment Advisors LLC increased its holdings in shares of Graphic Packaging by 3.6% in the first quarter. Concurrent Investment Advisors LLC now owns 11,535 shares of the industrial products company's stock worth $299,000 after acquiring an additional 402 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Graphic Packaging by 21.7% in the first quarter. Envestnet Asset Management Inc. now owns 790,496 shares of the industrial products company's stock worth $20,521,000 after acquiring an additional 140,890 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of Graphic Packaging by 366.7% in the first quarter. TD Private Client Wealth LLC now owns 23,942 shares of the industrial products company's stock valued at $622,000 after buying an additional 18,812 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Graphic Packaging by 23.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 832,035 shares of the industrial products company's stock valued at $21,311,000 after buying an additional 155,805 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.

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