Greif Receives New Coverage from Analysts at BMO Capital Markets (GEF)
Investment analysts at BMO Capital Markets assumed coverage on shares of Greif (NYSE:GEF) in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
GEF has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Greif from a “neutral” rating to an “underperform” rating in a research note on Monday. They now have a $45.90 price target on the stock. Analysts at Bank of America upgraded shares of Greif from an “underperform” rating to a “buy” rating in a research note on Friday, June 13th. They now have a $61.00 price target on the stock, up previously from $54.00.
Greif (NYSE:GEF) opened at 47.56 on Thursday. Greif has a one year low of $45.55 and a one year high of $56.53. The stock has a 50-day moving average of $50.36 and a 200-day moving average of $52.42. The company has a market cap of $2.270 billion and a price-to-earnings ratio of 19.87.
Greif (NYSE:GEF) last released its earnings data on Wednesday, August 27th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.84 by $0.63. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Analysts expect that Greif will post $2.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Friday, September 19th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Wednesday, September 17th.
Greif, Inc is a producer of industrial packaging products and services with manufacturing facilities located in over 50 countries.