7 Best Paper Stocks To Buy Right Now

5. Graphic Packaging Holding Company (NYSE:GPK)

Number of Hedge Fund Holders: 27 

Graphic Packaging Holding Company (NYSE:GPK) is a global leader in sustainable consumer packaging, specializing in paperboard and folding cartons for beverages and packaged foods. GPK operates mills across the U.S., producing recycled and coated paperboard for food-grade packaging.

Graphic Packaging’s innovative products, such as the KeelClip (a paperboard alternative to plastic rings for beverage multipacks) and PaperSeal (a barrier-lined paperboard tray replacing plastic MAP trays), demonstrate the company’s ability to create practical, sustainable alternatives to single-use plastics.

In Q2 2024, Graphic Packaging Holding Company (NYSE:GPK) experienced a decline in revenue to $1.5 billion, primarily driven by the divestiture of the Augusta, GA bleached paperboard manufacturing facility, reduced open market sales participation, and a net decline in sales from packaging operations, mainly due to price and mix adjustments. Despite this revenue decline, net income increased to $190 million ($0.62 per diluted share), up from $150 million ($0.49 per diluted share) in the same period last year. This improvement in bottom-line performance reflects the company’s ability to manage costs effectively.

As of Q2 2024, 27 hedge fund holders held stakes in the stock with Eminence Capital being the largest stakeholder from the ones tracked by Insider Monkey. The stock holds a Moderate Buy rating based on 11 Wall Street analysts. In the past three months, analysts have provided 12-month price targets for Graphic Packaging. The average price target is $32.72, indicating a potential increase of 10.99% from the current price of $29.48. The forecasts range from a low of $24.00 to a high of $37.20.