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.
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.
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