Greif Bros. (NYSE:GEF) was upgraded by investment analysts at DA Davidson from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage presently has a $74.00 price objective on the industrial products company’s stock. DA Davidson’s target price would indicate a potential upside of 15.57% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on GEF. BMO Capital Markets reissued a “hold” rating and issued a $55.00 target price on shares of Greif Bros. in a report on Thursday, August 17th. Robert W. Baird reissued a “buy” rating and issued a $66.00 target price on shares of Greif Bros. in a report on Friday, November 10th. Zacks Investment Research cut Greif Bros. from a “hold” rating to a “sell” rating in a report on Thursday, November 30th. KeyCorp reissued a “sell” rating on shares of Greif Bros. in a report on Friday, November 10th. Finally, Bank of America cut Greif Bros. from a “buy” rating to a “neutral” rating and increased their target price 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, three have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $58.20.

Greif Bros. (GEF) traded down $0.84 during trading on Thursday, reaching $64.03. The company’s stock had a trading volume of 471,700 shares, compared to its average volume of 218,970. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.04 and a current ratio of 1.45. The firm has a market cap of $3,063.32, a PE ratio of 21.70, a price-to-earnings-growth ratio of 2.17 and a beta of 1.29. Greif Bros. has a 12-month low of $50.70 and a 12-month high of $65.60.

Greif Bros. (NYSE:GEF) last issued its earnings results on Wednesday, December 6th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.09. Greif Bros. had a return on equity of 17.06% and a net margin of 3.26%. The business had revenue of $968.00 million during the quarter, compared to analysts’ expectations of $931.96 million. During the same period in the prior year, the firm posted $0.65 EPS. Greif Bros.’s quarterly revenue was up 11.6% compared to the same quarter last year. sell-side analysts expect that Greif Bros. will post 3.41 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in GEF. LS Investment Advisors LLC increased its holdings in Greif Bros. by 17.9% during the 2nd 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. Arizona State Retirement System increased its holdings in Greif Bros. 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 purchasing an additional 200 shares in the last quarter. Mondrian Investment Partners LTD increased its holdings in Greif Bros. 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 purchasing an additional 11,166 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in Greif Bros. 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 purchasing an additional 231 shares in the last quarter. Finally, AMG National Trust Bank increased its holdings in Greif Bros. 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 purchasing an additional 1,090 shares in the last quarter. 48.54% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Greif Bros. (NYSE:GEF)

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