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

Graphic Packaging Holding Company (NYSE: GPK) stock jumped 4.01% on Thursday to $23.35 against a previous-day closing price of $22.45. With 6.82 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.53 million shares. During the session, the Packaging & Containers company that operates in wider Consumer Cyclical sector, reached to the highest price of $23.43 whereas the lowest price it dropped to was $22.51. The 52-week range on GPK shows that it touched its highest point at $27.56 and its lowest point at $19.46 during that stretch. It currently has a 1-year price target of $29.70. With its current market cap of 7.11 billion, GPK has annualized dividend of $0.40 while the current yield stands at 1.71%. Beta for the stock currently stands at 0.98.

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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 up-trending over the past week, with a rise of 6.67%, but this was up by 4.94% over a month. Three-month performance dropped to -9.57% while six-month performance fell -0.30%. The stock gained 1.43% in the past year, while it has gained 4.94% so far this year. A look at the trailing 12-month EPS for GPK yields 2.28 with Next year EPS estimates of 2.87. For the next quarter, that number is 0.71. This implies an EPS growth rate of 146.30% for this year and 0.53% for next year. EPS is expected to grow by 25.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 26.20%.

Float and Shares Shorts:

At present, 308.20 million GPK shares are outstanding with a float of 303.40 million shares on hand for trading. On Aug 30, 2023, short shares totaled 11.74 million, which was 3.82% higher than short shares on Jul 30, 2023. 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 100.54% of GPK’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 61.22% of GPK, in contrast to 43.58% held by mutual funds. Shares owned by individuals account for 39.94%. As the largest shareholder in GPK with 10.25% of the stake, The Vanguard Group, Inc. holds 31,469,693 shares worth 31,469,693. A second-largest stockholder of GPK, BlackRock Fund Advisors, holds 24,617,160 shares, controlling over 8.02% of the firm’s shares. Wellington Management Co. LLP is the third largest shareholder in GPK, holding 12,052,651 shares or 3.92% stake. With a 3.21% stake in GPK, the iShares Core S&P Mid Cap ETF is the largest stakeholder. A total of 9,859,652 shares are owned by the mutual fund manager. The Government Pension Fund – Global, which owns about 3.17% of GPK stock, is the second-largest Mutual Fund holder. It holds 9,727,273 shares valued at 235.4 million. Vanguard Total Stock Market ETF holds 3.12% of the stake in GPK, owning 9,566,431 shares worth 231.51 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, GPK reported revenue of $2.36B and operating income of $254.00M. The EBITDA in the recently reported quarter was $394.00M and diluted EPS was $0.21.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GPK since 0 analysts follow the stock currently. 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 $35.00 and a low target of $26.00, the average target price over the next 12 months is $29.82. Based on these targets, GPK could surge 49.89% to reach the target high and rise by 11.35% to reach the target low. Reaching the average price target will result in a growth of 27.71% 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.

Summary of Insider Activity:

Insiders traded GPK stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 1,013,887 while 698,245 shares were sold.

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