5 Best 52-Week High Stocks To Buy Now

4. Graphic Packaging Holding Company (NYSE:GPK)

Number of Hedge Fund Holders: 38

Graphic Packaging Holding Company (NYSE:GPK) is an Atlanta, Georgia-based company that is a provider of sustainable, fiber-based consumer packaging solutions.

On October 26, Christopher Parkinson at Mizuho increased the target price for Graphic Packaging Holding Company (NYSE:GPK) from $28 to $29 and maintained a Buy rating on the stock. The analyst anticipates strong demand for Graphic Packaging Holding Company’s (NYSE:GPK) offerings even during an economic downturn. Experts believe that the management has performed well in ensuring strong top-line and bottom-line growth during the recent quarters. Revenue increased by 5% YoY during Q3 2022. Meanwhile, the adjusted EPS rose by 55% YoY due to a favorable impact on pricing and costing, along with a higher volume mix.

Here’s what L1 Capital said about Graphic Packaging Holding Company (NYSE:GPK) in its Q3 2021 investor letter:

“We reinvested the proceeds from the partial sale of Eagle Materials by increasing the Fund’s position in Graphic Packaging. We expect the company to deliver strong earnings and cashflow over coming years, and the company remains undervalued at its current share price.”

As of Q3 2022, Graphic Packaging Holding Company (NYSE:GPK) was held by 38 hedge funds.