Graphic Packaging Holding Co. (GPK) Hits New 1-Year High at $14.65
Graphic Packaging Holding Co. (NYSE:GPK) shares reached a new 52-week high during trading on Friday . The company traded as high as $14.65 and last traded at $14.48, with a volume of 767,164 shares. The stock had previously closed at $14.56.
A number of research analysts have commented on the company. Zacks Investment Research raised Graphic Packaging Holding from a “sell” rating to a “hold” rating in a report on Friday, August 26th. Citigroup Inc. increased their target price on Graphic Packaging Holding from $15.50 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $16.50 target price on shares of Graphic Packaging Holding in a report on Wednesday, June 1st. Robert W. Baird reaffirmed a “buy” rating on shares of Graphic Packaging Holding in a report on Tuesday, May 24th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Graphic Packaging Holding in a report on Wednesday, May 18th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Graphic Packaging Holding has a consensus rating of “Buy” and a consensus target price of $15.50.
The stock has a 50 day moving average of $13.84 and a 200 day moving average of $13.11. The company has a market cap of $4.66 billion and a price-to-earnings ratio of 18.83.
Graphic Packaging Holding (NYSE:GPK) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The business earned $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts forecast that Graphic Packaging Holding Co. will post $0.79 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Thursday, September 15th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.37%.
In other news, Director Harold R. Logan, Jr. sold 14,568 shares of Graphic Packaging Holding stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $13.99, for a total value of $203,806.32. Following the transaction, the director now directly owns 58,076 shares in the company, valued at $812,483.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, Flexible Packaging, and Corporate and Other.
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