Greif Inc. (NYSE:GEF) Receives Average Recommendation of “Hold” from Analysts
Greif Inc. (NYSE:GEF) has been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the stock. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $42.20.
Several research analysts have commented on the company. Robert W. Baird reaffirmed a “neutral” rating and set a $43.00 price target on shares of Greif in a research report on Tuesday, June 28th. DA Davidson lowered Greif from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $44.00 to $45.00 in a research report on Friday, September 2nd. They noted that the move was a valuation call. Deutsche Bank AG reissued a “market perform” rating and issued a $36.00 target price on shares of Greif in a report on Wednesday, June 29th. Zacks Investment Research raised Greif from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Wednesday, June 22nd. Finally, BMO Capital Markets reissued a “hold” rating and issued a $36.00 target price on shares of Greif in a report on Monday, June 27th.
Several hedge funds have recently bought and sold shares of GEF. Teacher Retirement System of Texas increased its stake in Greif by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 3,593 shares of the company’s stock worth $134,000 after buying an additional 442 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in Greif by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 4,450 shares of the company’s stock worth $166,000 after buying an additional 18 shares during the period. Park National Corp OH acquired a new stake in Greif during the third quarter worth $223,000. Commonwealth Equity Services Inc acquired a new stake in Greif during the second quarter worth $200,000. Finally, Breton Hill Capital Ltd. acquired a new stake in Greif during the second quarter worth $205,000. Hedge funds and other institutional investors own 48.80% of the company’s stock.
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Greif (NYSE:GEF) traded up 0.61% during midday trading on Monday, reaching $47.50. The company’s stock had a trading volume of 55,927 shares. The stock’s 50 day moving average is $46.56 and its 200 day moving average is $39.25. The stock has a market cap of $2.27 billion, a P/E ratio of 28.82 and a beta of 1.28. Greif has a 12-month low of $23.88 and a 12-month high of $49.99.
Greif (NYSE:GEF) last posted its earnings results on Wednesday, August 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.19. The firm earned $845 million during the quarter, compared to analysts’ expectations of $910.83 million. Greif had a return on equity of 14.86% and a net margin of 2.37%. The firm’s revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. Analysts anticipate that Greif will post $2.46 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, October 1st. Investors of record on Monday, September 19th were paid a $0.42 dividend. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.56%. Greif’s dividend payout ratio (DPR) is presently 126.32%.
Greif Company Profile
Greif, Inc is a producer of industrial packaging products and services. The Company’s products include steel, fiber and plastic drums, rigid intermediate bulk containers, closure systems, transit protection products, water bottles and reconditioned industrial containers, and offers services, such as container life cycle management, blending, filling, logistics, warehousing and other packaging services.
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