17 Cheap Stocks Under $20 to Buy Now

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3. Graphic Packaging Holding Company (NYSE:GPK)

Stock Price: $15.14

Forward P/E: 8.01

Number of Hedge Fund Holders: 48

Graphic Packaging Holding Company (NYSE:GPK) is one of the top cheap stocks under $20 to buy now. On December 22, Truist Financial analyst Michael Roxland reaffirmed a Hold rating on Graphic Packaging Holding Company (NYSE:GPK) and set a $20 price target. Graphic Packaging Holding Company (NYSE:GPK) also received a rating update from UBS analyst Anojja Shah on December 19, who reaffirmed a Hold rating on the stock.

In a separate development, Graphic Packaging Holding Company (NYSE:GPK) announced on December 8 additional details on its support function and production optimization plans. The company revealed that it has undertaken a  review of  support functions and corporate expenses in its fiscal Q3 2025 earnings conference, and now anticipates savings of around $60 million in staffing and other cost reductions in 2026. It expects severance and other on-time costs and non-cash charges related to these initiatives to be in the range of $20 million.

Graphic Packaging Holding Company (NYSE:GPK) also announced additional actions to reduce inventory in fiscal Q4, and has plans to expedite particular inventory plans previously planned for 2026 into fiscal Q4 with the Waco, Texas, recycled paperboard manufacturing facility startup ahead of schedule.

Graphic Packaging Holding Company (NYSE:GPK) provides paper-based packaging solutions to a number of products to the food, beverage, and other consumer products companies. The company’s operations are divided into the following business segments: Paperboard Manufacturing, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other.

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