Shares of Greif Bros. Corporation (NYSE:GEF) have earned an average recommendation of “Hold” from the ten research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $57.00.

GEF has been the subject of several research reports. Zacks Investment Research raised Greif Bros. Corporation from a “sell” rating to a “hold” rating in a research note on Friday, May 26th. Bank of America Corporation cut Greif Bros. Corporation from a “buy” rating to a “neutral” rating and raised their target price for the company from $60.45 to $63.00 in a research note on Friday, September 1st. BMO Capital Markets reaffirmed a “hold” rating and set a $55.00 target price on shares of Greif Bros. Corporation in a research note on Thursday, August 17th. KeyCorp reaffirmed a “sell” rating and set a $47.00 target price on shares of Greif Bros. Corporation in a research note on Thursday, June 8th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $66.00 target price on shares of Greif Bros. Corporation in a research note on Friday, September 1st.

In related news, major shareholder Shannon J. Diener purchased 5,189 shares of the firm’s stock in a transaction that occurred on Thursday, July 6th. The stock was acquired at an average price of $62.37 per share, for a total transaction of $323,637.93. Following the transaction, the insider now directly owns 10,189 shares of the company’s stock, valued at approximately $635,487.93. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 16.79% of the company’s stock.

Several large investors have recently added to or reduced their stakes in GEF. Louisiana State Employees Retirement System boosted its position in shares of Greif Bros. Corporation by 1.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 6,500 shares of the industrial products company’s stock valued at $358,000 after purchasing an additional 100 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Greif Bros. Corporation by 1.1% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 8,877 shares of the industrial products company’s stock valued at $489,000 after purchasing an additional 100 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Greif Bros. Corporation by 5.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 15,311 shares of the industrial products company’s stock valued at $843,000 after purchasing an additional 734 shares during the period. State Treasurer State of Michigan boosted its position in shares of Greif Bros. Corporation by 1.0% in the 1st quarter. State Treasurer State of Michigan now owns 10,500 shares of the industrial products company’s stock valued at $578,000 after purchasing an additional 100 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Greif Bros. Corporation by 49.0% in the 1st quarter. First Trust Advisors LP now owns 21,874 shares of the industrial products company’s stock valued at $1,205,000 after purchasing an additional 7,191 shares during the period. Institutional investors and hedge funds own 47.83% of the company’s stock.

Greif Bros. Corporation (GEF) traded up 0.67% during midday trading on Friday, hitting $57.06. 462,057 shares of the company traded hands. The stock has a 50 day moving average of $56.93 and a 200 day moving average of $56.41. Greif Bros. Corporation has a 12-month low of $45.54 and a 12-month high of $63.04. The stock has a market cap of $2.73 billion, a P/E ratio of 29.08 and a beta of 1.35.

Greif Bros. Corporation (NYSE:GEF) last announced its earnings results on Wednesday, August 30th. The industrial products company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.01. Greif Bros. Corporation had a return on equity of 15.49% and a net margin of 2.65%. The business had revenue of $961.80 million during the quarter, compared to analysts’ expectations of $901.76 million. During the same quarter last year, the business posted $0.91 earnings per share. The company’s quarterly revenue was up 13.8% on a year-over-year basis. Equities research analysts predict that Greif Bros. Corporation will post $2.87 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Monday, September 18th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.94%. Greif Bros. Corporation’s dividend payout ratio (DPR) is 105.66%.

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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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