Graphic Packaging Holding Company (GPK) Turnaround Still in Early Stages, Says Baird

Graphic Packaging Holding Company (NYSE:GPK) is included among the 10 Best Stocks Under $15 to Buy Right Now.

On May 7, Baird analyst Ghansham Panjabi lowered the firm’s price recommendation on Graphic Packaging Holding Company (NYSE:GPK) to $13 from $15. He reiterated a Neutral rating on the shares. The firm updated its model following the company’s Q1 results, which it said suggested the turnaround was still in its early stages.

During the Q1 2026 earnings call, President, CEO, and Director Robbert Rietbroek said the company delivered first-quarter results at the upper end of its expectations. He highlighted quarterly net sales of $2.2 billion, adjusted EBITDA of $232 million, an adjusted EBITDA margin of 10.8%, adjusted earnings per share of $0.09, and adjusted cash flow of negative $183 million.

Rietbroek also said the company had completed its 90-day business review and was now moving ahead with targeted measures aimed at improving operations and strengthening profitability. He added that the company recently reached an agreement to divest its non-core assets in Croatia and expected the deal to close during the second quarter. According to Rietbroek, the company was also streamlining its organizational structure, including the elimination of more than 500 roles, while tightening capital allocation through a stricter spending process.

Graphic Packaging Holding Company (NYSE:GPK) is a consumer packaging provider that produces packaging made from renewable or recycled materials. The company designs and manufactures cartons, multipack cartons, trays, carriers, paperboard canisters, cups, and bowls using unbleached paperboard, recycled paperboard, and bleached paperboard.

While we acknowledge the potential of GPK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 High Yield Stocks For Lasting Retirement Income and 10 Best Dividend Growth Stocks to Buy and Hold for 3 Years

Disclosure: None. Follow Insider Monkey on Google News.