Greif Bros. Corporation (GEF) Receives Consensus Recommendation of “Hold” from Analysts

Greif Bros. Corporation (NYSE:GEF) has earned an average rating of “Hold” from the ten research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $59.50.

A number of equities research analysts have recently weighed in on GEF shares. Bank of America downgraded Greif Bros. from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $60.45 to $63.00 in a report on Friday, September 1st. Robert W. Baird reissued a “buy” rating and set a $66.00 target price on shares of Greif Bros. in a report on Friday, September 1st. KeyCorp reissued a “sell” rating on shares of Greif Bros. in a report on Friday, November 10th. BMO Capital Markets reissued a “hold” rating and set a $55.00 target price on shares of Greif Bros. in a report on Thursday, August 17th. Finally, Zacks Investment Research downgraded Greif Bros. from a “hold” rating to a “sell” rating in a report on Thursday.

Greif Bros. (GEF) traded up $8.56 during mid-day trading on Thursday, reaching $62.35. 11,077 shares of the company’s stock were exchanged, compared to its average volume of 209,768. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.10 and a current ratio of 1.56. Greif Bros. has a 1 year low of $50.70 and a 1 year high of $63.10. The company has a market capitalization of $2,810.00, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.80 and a beta of 1.32.

Greif Bros. (NYSE:GEF) last released its quarterly earnings data 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. had a net margin of 2.65% and a return on equity of 15.49%. The firm had revenue of $961.80 million during the quarter, compared to analysts’ expectations of $901.76 million. During the same period in the previous year, the business posted $0.91 earnings per share. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. research analysts expect that Greif Bros. will post 2.85 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. LS Investment Advisors LLC raised its stake in Greif Bros. by 17.9% in the second quarter. LS Investment Advisors LLC now owns 2,022 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 307 shares in the last quarter. Amalgamated Bank acquired a new position in Greif Bros. in the second quarter valued at about $208,000. Crossmark Global Holdings Inc. acquired a new position in Greif Bros. in the third quarter valued at about $216,000. Quantbot Technologies LP raised its stake in Greif Bros. by 3,048.2% in the third quarter. Quantbot Technologies LP now owns 4,376 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 4,237 shares in the last quarter. Finally, Nine Chapters Capital Management LLC raised its stake in Greif Bros. by 6.7% in the second quarter. Nine Chapters Capital Management LLC now owns 4,800 shares of the industrial products company’s stock valued at $268,000 after purchasing an additional 300 shares in the last quarter. 48.39% of the stock is owned by institutional investors.

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About Greif Bros.

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. (NYSE:GEF)

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