Greif, Inc. (GEF) Receives Consensus Rating of “Hold” from Brokerages

Greif, Inc. (NYSE:GEF) has earned a consensus recommendation of “Hold” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $64.00.

Several equities analysts have recently weighed in on GEF shares. Robert W. Baird reissued a “buy” rating and set a $66.00 price target on shares of Greif in a report on Friday, November 10th. KeyCorp reissued a “sell” rating on shares of Greif in a report on Friday, November 10th. BMO Capital Markets reissued a “hold” rating and set a $55.00 price target on shares of Greif in a report on Friday, November 24th. Zacks Investment Research cut Greif from a “hold” rating to a “sell” rating in a report on Thursday, November 30th. Finally, DA Davidson raised Greif from a “neutral” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Thursday, December 7th.

A number of institutional investors have recently made changes to their positions in GEF. GSA Capital Partners LLP raised its holdings in Greif by 150.9% in the 3rd quarter. GSA Capital Partners LLP now owns 86,007 shares of the industrial products company’s stock worth $5,035,000 after purchasing an additional 51,726 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Greif by 477.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 25,450 shares of the industrial products company’s stock worth $1,490,000 after purchasing an additional 21,041 shares during the period. Quantbot Technologies LP raised its holdings in Greif by 3,048.2% in the 3rd quarter. Quantbot Technologies LP now owns 4,376 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 4,237 shares during the period. Nine Chapters Capital Management LLC raised its holdings in Greif by 83.3% in the 3rd quarter. Nine Chapters Capital Management LLC now owns 8,800 shares of the industrial products company’s stock worth $515,000 after purchasing an additional 4,000 shares during the period. Finally, Amalgamated Bank bought a new position in Greif in the 2nd quarter worth $208,000. 48.54% of the stock is currently owned by institutional investors.

Shares of Greif (NYSE GEF) traded up $1.13 on Friday, reaching $60.82. The company’s stock had a trading volume of 106,511 shares, compared to its average volume of 152,854. The company has a current ratio of 1.45, a quick ratio of 1.04 and a debt-to-equity ratio of 0.90. Greif has a 1-year low of $50.94 and a 1-year high of $65.60. The stock has a market cap of $3,040.00, a P/E ratio of 24.52, a price-to-earnings-growth ratio of 2.04 and a beta of 1.29.

Greif (NYSE:GEF) last released its quarterly earnings results on Wednesday, December 6th. The industrial products company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.09. The firm had revenue of $968.00 million for the quarter, compared to analysts’ expectations of $931.96 million. Greif had a return on equity of 17.06% and a net margin of 3.26%. The company’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 EPS. equities analysts expect that Greif will post 3.4 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Monday, December 18th were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $1.68 dividend on an annualized basis and a yield of 2.76%. Greif’s dividend payout ratio is currently 67.74%.

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Greif 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 (NYSE:GEF)

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