Greif Bros. (GEF) Updates FY18 Earnings Guidance
Greif Bros. (NYSE:GEF) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.25-3.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.40.
A number of equities analysts have recently commented on the stock. BMO Capital Markets reiterated a hold rating and set a $55.00 price target on shares of Greif Bros. in a report on Thursday, August 17th. Robert W. Baird reiterated a buy rating and set a $66.00 price target on shares of Greif Bros. in a report on Friday, November 10th. Zacks Investment Research lowered shares of Greif Bros. from a hold rating to a sell rating in a report on Thursday, November 30th. KeyCorp reiterated a sell rating on shares of Greif Bros. in a report on Friday, November 10th. Finally, Bank of America lowered shares of Greif Bros. from a buy rating to a neutral rating and lifted their price target for the stock from $60.45 to $63.00 in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $57.00.
Shares of Greif Bros. (NYSE:GEF) traded down $1.40 during midday trading on Wednesday, reaching $54.78. 354,200 shares of the company were exchanged, compared to its average volume of 210,986. Greif Bros. has a fifty-two week low of $50.70 and a fifty-two week high of $63.04. The company has a market capitalization of $2,730.00, a P/E ratio of 21.44, a PEG ratio of 1.89 and a beta of 1.29. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.56 and a quick ratio of 1.10.
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Greif Bros. 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.
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