Royal Bank Of Canada Has Lowered Expectations for Graphic Packaging (NYSE:GPK) Stock Price

Graphic Packaging (NYSE:GPK) had its target price lowered by stock analysts at Royal Bank Of Canada from $11.00 to $10.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “sector perform” rating on the industrial products company’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 8.64% from the stock’s previous close.

GPK has been the subject of a number of other research reports. Wells Fargo & Company upped their target price on shares of Graphic Packaging from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Wednesday, August 5th. UBS Group raised their target price on shares of Graphic Packaging from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Graphic Packaging in a report on Monday, September 21st. Bank of America lowered their price objective on Graphic Packaging from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Friday, September 11th. Finally, JPMorgan Chase & Co. raised Graphic Packaging from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $12.50 to $11.50 in a research note on Wednesday, September 23rd. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $11.23.

Graphic Packaging Stock Down 0.5%

Shares of NYSE GPK opened at $9.21 on Wednesday. Graphic Packaging has a 52-week low of $8.78 and a 52-week high of $19.71. 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’s 50-day simple moving average is $10.75 and its 200-day simple moving average is $10.37. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 13.95 and a beta of 0.65.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.18 billion. Graphic Packaging had a return on equity of 9.95% and a net margin of 2.25%.Graphic Packaging’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 EPS. Graphic Packaging has set its FY 2026 guidance at 0.650-0.900 EPS. Equities analysts predict that Graphic Packaging will post 0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On Graphic Packaging

Several hedge funds and other institutional investors have recently made changes to their positions in GPK. BlackRock Inc. purchased a new position in Graphic Packaging in the second quarter worth approximately $440,345,000. Eminence Capital LP lifted 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 purchasing an additional 5,163,806 shares during the last quarter. Manning & Napier Advisors LLC grew its stake in shares of Graphic Packaging by 6,288.6% during the first quarter. Manning & Napier Advisors LLC now owns 8,481,670 shares of the industrial products company’s stock worth $84,308,000 after purchasing an additional 8,348,907 shares in the last quarter. Bank of America Corp DE purchased a new position in Graphic Packaging in the second quarter valued at $45,266,000. Finally, Squarepoint Ops LLC raised its stake in Graphic Packaging by 20.3% in the second quarter. Squarepoint Ops LLC now owns 4,155,774 shares of the industrial products company’s stock valued at $43,927,000 after buying an additional 701,762 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

About Graphic Packaging

Graphic Packaging Holding Company, operating through Graphic Packaging International, develops and manufactures fiber-based packaging solutions for consumer packaged goods companies. Its products are used primarily in the food, beverage and household products industries, where packaging is designed to protect products, support branding and improve convenience.

The company’s offerings include folding cartons, paperboard packaging, coated recycled board, paper cups and other foodservice packaging products.