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Greif (NYSE:GEF) was upgraded by investment analysts at Bank of America from an “underperform” rating to a “buy” rating in a note issued to investors on Friday. The firm currently has a $61.00 price objective on the stock, up from their previous price objective of $54.00. Bank of America’s price objective suggests a potential upside of 13.78% from the stock’s previous close.

Separately, analysts at Zacks downgraded shares of Greif from a “neutral” rating to an “underperform” rating in a research note on Tuesday. They now have a $52.40 price target on the stock.

Shares of Greif (NYSE:GEF) opened at 53.61 on Friday. Greif has a one year low of $47.76 and a one year high of $58.27. The stock has a 50-day moving average of $54.30 and a 200-day moving average of $52.53. The company has a market cap of $2.552 billion and a P/E ratio of 17.04.

Greif (NYSE:GEF) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Analysts expect that Greif will post $2.84 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Stockholders of record on Friday, June 20th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, June 18th.

Greif, Inc is a producer of industrial packaging products and services with manufacturing facilities located in over 50 countries.

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