Traders Buy Graphic Packaging Holding Co. (GPK) on Weakness
Investors bought shares of Graphic Packaging Holding Co. (NYSE:GPK) on weakness during trading hours on Monday. $8.07 million flowed into the stock on the tick-up and $4.02 million flowed out of the stock on the tick-down, for a money net flow of $4.05 million into the stock. Of all companies tracked, Graphic Packaging Holding had the 29th highest net in-flow for the day. Graphic Packaging Holding traded down ($0.02) for the day and closed at $14.46
Several analysts recently commented on GPK shares. Robert W. Baird restated a “buy” rating on shares of Graphic Packaging Holding in a research report on Sunday, May 8th. Zacks Investment Research lowered shares of Graphic Packaging Holding from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Graphic Packaging Holding in a report on Wednesday, May 18th. Citigroup Inc. increased their price objective on shares of Graphic Packaging Holding from $15.50 to $16.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $16.50 price objective on shares of Graphic Packaging Holding in a report on Wednesday, June 1st. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $15.50.
The firm has a 50-day moving average of $13.69 and a 200-day moving average of $13.06. The firm has a market cap of $4.61 billion and a PE ratio of 18.66.
Graphic Packaging Holding (NYSE:GPK) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The business earned $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the company earned $0.19 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts anticipate that Graphic Packaging Holding Co. will post $0.79 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Thursday, September 15th will be given a $0.05 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.20 annualized dividend and a yield of 1.38%.
In other Graphic Packaging Holding news, Director Harold R. Logan, Jr. sold 14,568 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were 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 of the company’s stock, valued at approximately $812,483.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
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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