Top investors say Graphic Packaging Holding Company (GPK) ticks everything they need

Graphic Packaging Holding Company (NYSE: GPK) stock fell -0.14% on Friday to $20.80 against a previous-day closing price of $20.83. With 2.48 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.91 million shares. During the session, the Packaging & Containers company that operates in wider Consumer Cyclical sector, reached to the highest price of $21.18 whereas the lowest price it dropped to was $20.76. The 52-week range on GPK shows that it touched its highest point at $24.07 and its lowest point at $17.63 during that stretch. It currently has a 1-year price target of $26.62. With its current market cap of 6.83 billion, GPK has annualized dividend of $0.30 while the current yield stands at 1.44%. Beta for the stock currently stands at 0.94.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GPK was down-trending over the past week, with a drop of -8.45%, but this was down by -10.88% over a month. Three-month performance surged to 5.69% while six-month performance rose 5.37%. The stock gained 8.67% in the past year, while it has gained 6.67% so far this year. A look at the trailing 12-month EPS for GPK yields 0.92 with Next year EPS estimates of 2.43. For the next quarter, that number is 0.57. This implies an EPS growth rate of 14.40% for this year and 12.61% for next year. EPS is expected to grow by 27.51% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -0.70%.

Float and Shares Shorts:

At present, 309.20 million GPK shares are outstanding with a float of 304.36 million shares on hand for trading. On Jul 14, 2022, short shares totaled 9.52 million, which was 3.09% higher than short shares on Jun 14, 2022. In addition to Mr. Michael P. Doss as the firm’s Pres, CEO & Director, Mr. Stephen R. Scherger serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 98.43% of GPK’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 54.92% of GPK, in contrast to 41.42% held by mutual funds. Shares owned by individuals account for 39.77%. As the largest shareholder in GPK with 9.14% of the stake, The Vanguard Group, Inc. holds 28,122,414 shares worth 28,122,414. A second-largest stockholder of GPK, Fuller & Thaler Asset Management, holds 21,282,150 shares, controlling over 6.91% of the firm’s shares. Norges Bank Investment Management is the third largest shareholder in GPK, holding 13,970,153 shares or 4.54% stake. With a 4.86% stake in GPK, the Undiscovered Managers Behavioral is the largest stakeholder. A total of 14,944,244 shares are owned by the mutual fund manager. The Government Pension Fund – Global, which owns about 4.54% of GPK stock, is the second-largest Mutual Fund holder. It holds 13,970,153 shares valued at 311.12 million. Vanguard Total Stock Market Index holds 2.96% of the stake in GPK, owning 9,124,238 shares worth 203.2 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GPK since 16 analysts follow the stock currently. There are 13 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GPK analysts setting a high price target of $30.00 and a low target of $17.00, the average target price over the next 12 months is $26.63. Based on these targets, GPK could surge 44.23% to reach the target high and fall by -18.27% to reach the target low. Reaching the average price target will result in a growth of 28.03% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. GPK will report FY 2022 earnings on 02/07/2023. Analysts have provided yearly estimates in a range of $2.25 being high and $1.95 being low. For GPK, this leads to a yearly average estimate of $2.16. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Graphic Packaging Holding Company surprised analysts by $0.10 when it reported $0.60 EPS against a consensus estimate of $0.50. The surprise factor in the prior quarter was $0.10. Based on analyst estimates, the high estimate for the next quarter is $0.64 and the low estimate is $0.48. The average estimate for the next quarter is thus $0.57.

Summary of Insider Activity:

Insiders traded GPK stock several times over the past three months with 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 59,677 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 993,646 while 473,306 shares were sold.

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