Graphic Packaging Holding Company (NYSE:GPK) does about 3.07M shares in volume on a normal day but saw 2751508 shares change hands in Monday trading. The company now has a market cap of 6.84B USD. Its current market price is $22.70, marking an increase of 0.62% compared to the previous close of $22.56. The 52 week high reached by this stock is $24.07 whilst the lowest price level in 52 weeks is $17.99. The script in recent trading has seen the stock touch a high of $22.99 and a low of $22.465.
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Graphic Packaging Holding Company (GPK) has a 20-day trading average at $22.27 and the current price is -5.67% off the 52-week high compared with 26.18% distance from its 52-week low. The 50-day simple moving average of the closing price is $22.29 and its 200-day simple moving average is $21.75. If we look at the stock’s price movements over the week, volatility stands at 2.14%, which decreases to 2.09% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 56.43 to suggest the stock is neutral.
14 analysts observing the Graphic Packaging Holding Company (GPK) stock have set the 12-month price targets for the company’s shares at between $17.00 and $33.00. The consensus objective for the share price is $28.77, suggesting that the stock has a potential upside of 21.1% over the period. The median price target is 20.35% away from the current levels at $28.50.
FactSet Research has provided data showing that 14 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 1 advise that it is a overweight. 11 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Overweight.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 27, 2022 when BMO Capital Markets upgraded the stock to “Outperform” and issued a price target of between $20 and $25. Exane BNP Paribas also upgraded the stock to “Outperform” from Neutral on May 10, 2022 at a price target of $26. KeyBanc Capital Markets downgraded its price target at $17.
The current price level is 2.16%, 1.84%, and 4.43% away from its SMA20, SMA50, and SMA200 respectively, with the GPK price moving above the 50-day SMA on January 23. Graphic Packaging Holding Company (GPK) stock is up 1.20% over the week and 6.12% over the past month. Its price is 2.02% year-to-date and 19.10% over the past year.
To reach the target analysts have set, the stock logically needs to grow 21.1 percent from here.
Outstanding shares total 308.80M with insiders holding 1.06% of the shares and institutional holders owning 97.93% of the company’s common stock. The company has a return on investment of 4.30% and return on equity of 21.10%. The price to earnings ratio (P/E ratio) amounts to 17.35 while the forward price to earnings ratio is 8.89. The beta has a value of 0.97. Price to book ratio is 3.59 and price to sales ratio is 0.76.
According to a U.S. Securities and Exchange Commission filing, Government Pension Fund – Global has added its position in Graphic Packaging Holding Company (GPK) to 13,970,153 shares, mirroring a recent increase by 47.34%. Government Pension Fund – Global added 4.49 million shares of Graphic Packaging Holding Company common stock bringing its total worth to about $310.84 million at the end of recent close, SEC documents show. Government Pension Fund – Global isn’t the only investment manager who changed stakes and is followed by Undiscovered Managers Behavioral, which sold off -0.94 million shares to end up with 13,888,432 shares worth $309.02 million. Vanguard Total Stock Market Index raise their holdings by 0.44% in the company over the course of the most recent quarter. It now holds a 3.03% position in Graphic Packaging Holding Company thanks to 9.32 million shares amounting to $207.35 million.
