Greif Bros. Corporation (NYSE:GEF) has received a consensus recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $57.00.

A number of equities research analysts have recently issued reports on the stock. Bank of America Corporation cut shares of Greif Bros. Corporation from a “buy” rating to a “neutral” rating and upped their price objective 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 issued a $55.00 price objective on shares of Greif Bros. Corporation in a research note on Thursday, August 17th. Robert W. Baird reaffirmed a “buy” rating and issued a $66.00 price objective on shares of Greif Bros. Corporation in a research note on Friday, September 1st. Finally, BidaskClub raised shares of Greif Bros. Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th.

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Several institutional investors have recently made changes to their positions in the company. Amalgamated Bank purchased a new stake in shares of Greif Bros. Corporation in the 2nd quarter valued at $208,000. AMG National Trust Bank boosted its position in Greif Bros. Corporation by 7.1% during the 2nd quarter. AMG National Trust Bank now owns 16,468 shares of the industrial products company’s stock valued at $918,000 after buying an additional 1,090 shares during the period. Neuberger Berman Group LLC boosted its position in Greif Bros. Corporation by 2.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 11,231 shares of the industrial products company’s stock valued at $626,000 after buying an additional 231 shares during the period. Mondrian Investment Partners LTD boosted its position in Greif Bros. Corporation by 21.0% during the 2nd quarter. Mondrian Investment Partners LTD now owns 64,244 shares of the industrial products company’s stock valued at $3,584,000 after buying an additional 11,166 shares during the period. Finally, Arizona State Retirement System boosted its position in Greif Bros. Corporation by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 10,900 shares of the industrial products company’s stock valued at $608,000 after buying an additional 200 shares during the period. 47.83% of the stock is owned by institutional investors.

Shares of Greif Bros. Corporation (NYSE:GEF) traded down 1.27% during mid-day trading on Wednesday, reaching $57.59. 570,496 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $57.88 and a 200 day moving average price of $56.85. Greif Bros. Corporation has a 52-week low of $45.54 and a 52-week high of $63.04. The firm has a market cap of $2.76 billion, a P/E ratio of 29.35 and a beta of 1.35.

Greif Bros. Corporation (NYSE:GEF) last released its quarterly earnings results on Wednesday, August 30th. The industrial products company reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.01. Greif Bros. Corporation had a net margin of 2.65% and a return on equity of 15.49%. The business had revenue of $961.80 million during the quarter, compared to analysts’ expectations of $901.76 million. During the same quarter in the previous year, the company earned $0.91 EPS. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. Analysts forecast that Greif Bros. Corporation will post $2.87 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, October 1st. Stockholders of record on Monday, September 18th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.92%. Greif Bros. Corporation’s dividend payout ratio (DPR) is 105.66%.

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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