Greif Bros. Corporation (NYSE:GEF)‘s stock had its “hold” rating reiterated by analysts at BMO Capital Markets in a research report issued on Thursday. They currently have a $55.00 price objective on the industrial products company’s stock. BMO Capital Markets’ price target would suggest a potential downside of 2.76% from the company’s previous close.

Several other brokerages also recently weighed in on GEF. Zacks Investment Research upgraded shares of Greif Bros. Corporation from a “sell” rating to a “hold” rating in a research note on Friday, May 26th. BidaskClub upgraded shares of Greif Bros. Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine upgraded shares of Greif Bros. Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. KeyCorp restated a “sell” rating and issued a $47.00 target price on shares of Greif Bros. Corporation in a research note on Thursday, June 8th. Finally, Bank of America Corporation set a $60.00 target price on shares of Greif Bros. Corporation and gave the company a “buy” rating in a research note on Saturday, June 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $56.50.

Shares of Greif Bros. Corporation (NYSE GEF) traded down 0.87% during midday trading on Thursday, hitting $56.07. 101,039 shares of the stock were exchanged. The firm has a 50 day moving average of $56.42 and a 200 day moving average of $56.47. Greif Bros. Corporation has a 12-month low of $40.77 and a 12-month high of $63.04. The firm has a market cap of $2.68 billion, a P/E ratio of 27.92 and a beta of 1.37.

Greif Bros. Corporation (NYSE:GEF) last announced its earnings results on Wednesday, June 7th. The industrial products company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.74 by $0.07. The firm had revenue of $887.40 million during the quarter, compared to analysts’ expectations of $891.22 million. Greif Bros. Corporation had a net margin of 2.81% and a return on equity of 16.17%. Greif Bros. Corporation’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 earnings per share. Equities analysts forecast that Greif Bros. Corporation will post $2.89 EPS for the current fiscal year.

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In related news, major shareholder Shannon J. Diener acquired 5,189 shares of Greif Bros. Corporation stock in a transaction on Thursday, July 6th. The shares were purchased at an average cost of $62.37 per share, for a total transaction of $323,637.93. Following the purchase, the insider now directly owns 10,189 shares of the company’s stock, valued at approximately $635,487.93. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 16.79% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. LS Investment Advisors LLC increased its position in Greif Bros. Corporation by 17.9% in the second quarter. LS Investment Advisors LLC now owns 2,022 shares of the industrial products company’s stock worth $113,000 after buying an additional 307 shares during the period. Loomis Sayles & Co. L P increased its position in Greif Bros. Corporation by 391.1% in the first quarter. Loomis Sayles & Co. L P now owns 2,195 shares of the industrial products company’s stock worth $121,000 after buying an additional 1,748 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in Greif Bros. Corporation during the first quarter worth approximately $157,000. DekaBank Deutsche Girozentrale increased its position in Greif Bros. Corporation by 7.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,848 shares of the industrial products company’s stock worth $157,000 after buying an additional 200 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in Greif Bros. Corporation by 106.7% in the first quarter. Tower Research Capital LLC TRC now owns 2,919 shares of the industrial products company’s stock worth $161,000 after buying an additional 1,507 shares during the period. Hedge funds and other institutional investors own 48.84% of the company’s stock.

Greif Bros. Corporation Company Profile

Greif, Inc is a producer of industrial packaging products and services. The Company’s segments are Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services, and Land Management. The Rigid Industrial Packaging & Services segment is engaged in the production and sale of rigid industrial packaging products, and services, such as container life cycle management, filling, logistics, warehousing and other packaging services.

Analyst Recommendations for Greif Bros. Corporation (NYSE:GEF)

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