Graphic Packaging Holding Company (NYSE:GPK) price closed higher on Tuesday, August 24, jumping 1.69% above its previous close.
A look at the daily price movement shows that the last close reads $19.51, with intraday deals fluctuated between $19.60 and $20.15. The company’s 5Y monthly beta was ticking 1.23 while its P/E ratio in the trailing 12-month period read 25.11. Taking into account the 52-week price action we note that the stock hit a 52-week high of $19.75 and 52-week low of $13.14. The stock added 13.44% on its value in the past month.
Graphic Packaging Holding Company, which has a market valuation of $6.07 billion, is expected to release its quarterly earnings report Oct 26, 2021. The company stock has a Forward Dividend ratio of 0.30, while the dividend yield is 1.51%. It is understandable that investor optimism is growing ahead of the company’s current quarter results. Analysts tracking GPK have forecast the quarterly EPS to grow by 0.33 per share this quarter, while the same analysts predict the annual EPS to hit $1.26 for the year 2021 and up to $1.73 for 2022. In this case, analysts estimate an annual EPS growth of 12.50% for the year and 37.30% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $1.84 billion, with the likely lows of $1.8 billion and highs of $1.92 billion. The average estimate suggests sales growth for the quarter will likely rise by 8.30% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $7.04 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 7.30% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give GPK a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 14 analysts have assigned GPK a recommendation rating as follows: 5 rate it as a Hold; 9 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Graphic Packaging Holding Company (GPK) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.09. The overview shows that GPK’s price is at present 3.34% off the SMA20 and 8.37% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 71.26, with weekly volatility standing at 1.84%. The indicator jumps to 2.18% when calculated based on the past 30 days. Graphic Packaging Holding Company (NYSE:GPK)’s beta value is holding at 1.23, while the average true range (ATR) indicator is currently reading 0.40.
Turning out attention to how the Graphic Packaging Holding Company stock has performed in comparison to its peers in the industry, here’s what we find: GPK’s stock is 1.69% on the day and 37.49% in the past 12 months, while WestRock Company (WRK) traded 2.22% in the last session and was positioned 62.15% up on its price 12 months ago. Also, Packaging Corporation of America (PKG) showed up trend of 0.59% while its price kept floating at 48.27% over the past year. Elsewhere in the market, the S&P 500 Index has rallied 0.15% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 0.09%.
An analysis of the Graphic Packaging Holding Company (NYSE:GPK) stock in terms of its daily trading volume indicates that the 3-month average is 3.62 million.
Current records show that the company has 295.10M in outstanding shares. The insiders’ percentage holdings are 0.90% of outstanding shares. But the 17.12% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.