Graphic Packaging Holding Co. (GPK) Hits New 12-Month High at $14.65
Shares of Graphic Packaging Holding Co. (NYSE:GPK) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $14.65 and last traded at $14.48, with a volume of 767,164 shares changing hands. The stock had previously closed at $14.56.
Several analysts recently issued reports on GPK shares. Goldman Sachs Group Inc. restated a “buy” rating and set a $16.50 target price on shares of Graphic Packaging Holding in a research report on Wednesday, June 1st. Deutsche Bank AG restated a “buy” rating on shares of Graphic Packaging Holding in a research report on Wednesday, May 18th. Citigroup Inc. boosted their target price on shares of Graphic Packaging Holding from $15.50 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, July 27th. Zacks Investment Research upgraded shares of Graphic Packaging Holding from a “sell” rating to a “hold” rating in a research report on Monday, August 15th. Finally, Robert W. Baird restated a “buy” rating on shares of Graphic Packaging Holding in a research report on Sunday, May 8th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Graphic Packaging Holding has an average rating of “Buy” and a consensus price target of $15.50.
The stock has a market capitalization of $4.63 billion and a price-to-earnings ratio of 18.71. The firm has a 50-day moving average price of $13.80 and a 200-day moving average price of $13.10.
Graphic Packaging Holding (NYSE:GPK) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. During the same quarter in the prior year, the business posted $0.19 earnings per share. The firm earned $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts anticipate that Graphic Packaging Holding Co. will post $0.79 EPS for the current year.
The business also recently disclosed 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. This represents a $0.20 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Tuesday, September 13th.
In related news, Director Harold R. Logan, Jr. sold 14,568 shares of the stock in a transaction that occurred 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 completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through 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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