You should consider shares of New York Mortgage Trust Inc. (NASDAQ:NYMT) and Graphic Packaging Holding Company (NYSE:GPK) if you are looking for a great stocks to invest in. Starting with the NYMT shares, which traded at $6.23 at the close of the recent session, dropping -0.16%. On Tuesday, the company’s shares shed -$0.01 from its value which represented in intraday trading. The stock is now 0.48% higher in year-to-date (YTD) trading. NYMT’s intraday high was $6.24 while its lowest price touched $6.21. The stock’s 52-week high price is $6.44, which means the current price is at -3.26%. In terms of trading activity, the daily trading volume fell to 2461070 against 200-day average trading volume of 2,943,758 shares.
What are analyst forecasts for New York Mortgage Trust Inc. (NASDAQ:NYMT)?
At a consensus rating of 3.80, NYMT is trending as a streaking Moderate Buy, as it has been the case a month ago when 5 analysts called it a Moderate Buy. Two months ago, 5 analysts recommended, on average, that NYMT stock is a Moderate Buy. The Financial company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $6.22 on the day.
Forecasts for New York Mortgage Trust Inc. (NASDAQ:NYMT) give the stock a fair value for the growth of -1.63% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $6.13, which means the price per share could fall by nearly -$0.1. The price range target is between a low of $5.00 and a high of $7.00. The stock would need to gain by about $11.0 to hit the estimated high or 0.9% from its 12-month low.
The consensus among 7 analysts is that it is a good time for one to Hold in the New York Mortgage Trust Inc. 3 analysts rate NYMT as a Buy, with 2 of 7 analysts rate it as a Sell. 0 have valued the stock as Overweight and 2 have recommended that investors Hold.
New York Mortgage Trust Inc. (NASDAQ:NYMT) Upgrades and Downgrades
In terms of rating changes, Ladenburg Thalmann on August 06, 2019, Upgrade New York Mortgage Trust Inc. (NYMT) at Buy. Analysts at Nomura have assigned a Buy rating for the stock in their research note on March 27, 2019. Moreover, Barclays analysts issued a rating of Underweight for the stock on February 28, 2019, giving it a price target of $5 for the next 12 months. On February 21, 2018, the stock earned a Buy rating due to an analyst call from Maxim Group, while analysts from Ladenburg Thalmann on March 24, 2017 suggested that the stock is Neutral.
Graphic Packaging Holding Company (NYSE:GPK) adds $0.04 on Tuesday
The GPK stock has risen 53.76% year-to-date and is currently trading at $16.36, which is -1.86% below its 52-week high. The company shares gained 0.25% on the day and have risen nearly 61.58% off a low hit. At current levels, Graphic Packaging Holding Company has a valuation of about $6.15B. As of 12/03/19, this stock has risen 2.51% during the week and closed at $16.32 in the previous session. However, recent Graphic Packaging Holding Company stock performance shows that GPK shares are 4.54% up over the last month, and 19.77% up for the last three months.
Earnings per share (EPS) estimates for the current quarter are $0.19, with the trailing 12-month share earnings at $0.74. The ratio is expected to be up by 8.60% for the current year 2019 and 12.50% for next year. Over the next 5-year period, earnings per share will be 16.75%. But will the GPK stock surprise in the current quarter results, where the $0.2 actual EPS reported on 9/29/2019 surprised by 5.30% or was higher by $0.01 from the estimated $0.19.
Sales Growth to climb 2.60% for the year
How well will Graphic Packaging Holding Company perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $1.5B and $1.92B in current quarter sales. The consensus estimated for the current quarter is $1.58B from sales. Forecasts for this fiscal year are between $6.14B and $6.65B and the consensus estimate for sales is at $6.22B. GPK has its next quarter sales estimates at between $1.52B and $1.57B, with the quarter-over-quarter growth estimates at 2.90% and the annual growth forecast for the year at 2.60%.
Who owns shares in Graphic Packaging Holding Company (GPK)?
Let’s briefly focus on the share ownership of the Graphic Packaging Holding Company (NYSE:GPK) stock, where we find that 118.91% of shares are held by institutions. Boston Partners tops the list of institutional owners as it is holding 27.37 million shares or 9.43% of shares outstanding. Vanguard Group, Inc. (The) and Shapiro Capital Management Company, Inc. held 26.33 million and 17.88 million representing 9.07% and 6.16% respectively at the close of the last trading session. As of Sep 29, 2019, FMR, LLC accounted for 17.85 million shares at over 263.33 million. This represented 6.15% of shares outstanding. Blackrock Inc. held 15.69 million shares at over 231.43 million representing 5.41% of shares outstanding.
GPK Insider Activity
On 2/25/2019, President & Chief Executive Officer by the name Doss Michael P sold 82357.0 shares worth $1000000.0 at the price of $12.55 per share. Filings also show that Scherger Stephen Richard sold a total of 26784.0 shares on 2/25/2019 valued at $336100.0. Since the last insider activity, the company’s share price has climbed 30.04%.