In last trading session, Graphic Packaging Holding Co (NYSE:GPK) saw 2.76 million shares changing hands with its beta currently measuring 0.85. Company’s recent per share price level of $28.22 trading at $0.19 or 0.68% at ring of the bell on the day assigns it a market valuation of $8.64B. That closing price of GPK’s stock is at a discount of -1.49% from its 52-week high price of $28.64 and is indicating a premium of 28.88% from its 52-week low price of $20.07. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.01 million shares which gives us an average trading volume of 2.83 million if we extend that period to 3-months.
Graphic Packaging Holding Co (NYSE:GPK) trade information
Upright in the green during last session for gaining 0.68%, in the last five days GPK remained trading in the green while hitting it’s week-highest on Friday, 03/22/24 when the stock touched $28.22 price level, adding 0.91% to its value on the day. Graphic Packaging Holding Co’s shares saw a change of 14.48% in year-to-date performance and have moved 2.10% in past 5-day. Graphic Packaging Holding Co (NYSE:GPK) showed a performance of 5.89% in past 30-days. Number of shares sold short was 11.72 million shares which calculate 3.86 days to cover the short interests.
Graphic Packaging Holding Co (GPK) estimates and forecasts
Statistics highlight that Graphic Packaging Holding Co is scoring comparatively lower than the scores of other players of the relevant industry. The company added 23.23% of value to its shares in past 6 months, showing an annual growth rate of -6.87% while that of industry is -4.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 1.20% from the last financial year’s standing.
10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.38 billion for the same. And 10 analysts are in estimates of company making revenue of $2.43 billion in the next quarter that will end on Jun 2024. Company posted $2.44 billion and $2.39 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -2.20% while estimating it to be 1.60% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 26.82% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -7.40% while estimates for its earnings growth in next 5 years are of 25.00%.
GPK Dividends
Graphic Packaging Holding Co is more likely to be releasing its next quarterly report on April 30 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Graphic Packaging Holding Co (NYSE:GPK)’s Major holders
Insiders are in possession of 1.30% of company’s total shares while institution are holding 103.77 percent of that, with stock having share float percentage of 105.13%. Investors also watch the number of corporate investors in a company very closely, which is 103.77% institutions for Graphic Packaging Holding Co that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at GPK for having 31.38 million shares of worth $885.42 million. And as of Dec 30, 2023, it was holding 10.25% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 30.57 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 9.99% of outstanding shares, having a total worth of $862.68 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 9.62 million shares of worth $271.45 million or 3.14% of the total outstanding shares. The later fund manager was in possession of 9.28 million shares on Jan 30, 2024, making its stake of worth around $261.87 million in the company or a holder of 3.03% of company’s stock.
