Greif Bros. Corporation (NYSE:GEF) has received an average recommendation of “Hold” from the nine analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $57.00.

A number of equities research analysts recently commented on the stock. Robert W. Baird restated a “buy” rating and issued a $66.00 price objective on shares of Greif Bros. Corporation in a research report on Friday, September 1st. Bank of America Corporation downgraded shares of Greif Bros. Corporation from a “buy” rating to a “neutral” rating and raised their price objective for the company from $60.45 to $63.00 in a research report on Friday, September 1st. BMO Capital Markets restated a “hold” rating and issued a $55.00 price objective on shares of Greif Bros. Corporation in a research report on Sunday, July 16th. Finally, BidaskClub upgraded shares of Greif Bros. Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th.

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Several institutional investors have recently modified their holdings of GEF. FMR LLC raised its position in shares of Greif Bros. Corporation by 10.2% during the 1st quarter. FMR LLC now owns 836,801 shares of the industrial products company’s stock worth $46,099,000 after purchasing an additional 77,400 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Greif Bros. Corporation by 19.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 150,861 shares of the industrial products company’s stock worth $8,311,000 after purchasing an additional 24,058 shares during the last quarter. Mondrian Investment Partners LTD raised its position in shares of Greif Bros. Corporation by 21.0% during the 2nd quarter. Mondrian Investment Partners LTD now owns 64,244 shares of the industrial products company’s stock worth $3,584,000 after purchasing an additional 11,166 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Greif Bros. Corporation by 44.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 17,291 shares of the industrial products company’s stock worth $953,000 after purchasing an additional 5,335 shares during the last quarter. Finally, Nine Chapters Capital Management LLC raised its position in shares of Greif Bros. Corporation by 83.3% during 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 last quarter. Hedge funds and other institutional investors own 47.81% of the company’s stock.

Greif Bros. Corporation (NYSE:GEF) traded down $0.30 during midday trading on Friday, hitting $55.22. The company had a trading volume of 157,583 shares, compared to its average volume of 221,105. 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. Corporation has a 52-week low of $45.54 and a 52-week high of $63.04. The stock has a market capitalization of $2,641.84, a price-to-earnings ratio of 21.08, a P/E/G ratio of 1.85 and a beta of 1.32.

Greif Bros. Corporation (NYSE:GEF) last released its quarterly earnings results on Wednesday, August 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.01. Greif Bros. Corporation had a return on equity of 15.49% and a net margin of 2.65%. The firm had revenue of $961.80 million for the quarter, compared to analyst estimates of $901.76 million. During the same quarter last year, the company posted $0.91 earnings per share. The business’s revenue was up 13.8% on a year-over-year basis. equities analysts forecast that Greif Bros. Corporation will post 2.86 EPS for the current year.

About Greif Bros. Corporation

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. Corporation (NYSE:GEF)

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