Greif Bros. Corporation (GEF) Stock Rating Reaffirmed by Robert W. Baird
Greif Bros. Corporation (NYSE:GEF)‘s stock had its “buy” rating reaffirmed by research analysts at Robert W. Baird in a research report issued to clients and investors on Friday. They currently have a $66.00 target price on the industrial products company’s stock. Robert W. Baird’s target price points to a potential upside of 25.98% from the company’s current price.
Several other brokerages have also recently issued reports on GEF. BMO Capital Markets reaffirmed a “hold” rating and set a $55.00 price objective on shares of Greif Bros. Corporation in a report on Thursday, August 17th. Bank of America Corporation cut Greif Bros. Corporation from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $60.45 to $63.00 in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Greif Bros. Corporation has a consensus rating of “Hold” and a consensus price target of $57.00.
Greif Bros. Corporation (GEF) opened at $52.39 on Friday. The stock has a market capitalization of $2,503.57, a price-to-earnings ratio of 19.97, a P/E/G ratio of 1.76 and a beta of 1.32. Greif Bros. Corporation has a 1-year low of $50.70 and a 1-year high of $63.04. The company has a current ratio of 1.56, a quick ratio of 1.10 and a debt-to-equity ratio of 0.99.
Greif Bros. Corporation (NYSE:GEF) last issued its quarterly earnings data on Wednesday, August 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.01. The firm had revenue of $961.80 million during the quarter, compared to analysts’ expectations of $901.76 million. Greif Bros. Corporation had a return on equity of 15.49% and a net margin of 2.65%. Greif Bros. Corporation’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. analysts predict that Greif Bros. Corporation will post 2.86 EPS for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP raised its holdings in shares of Greif Bros. Corporation by 3,048.2% in the third quarter. Quantbot Technologies LP now owns 4,376 shares of the industrial products company’s stock worth $256,000 after acquiring an additional 4,237 shares during the last quarter. Nine Chapters Capital Management LLC increased its stake in Greif Bros. Corporation by 83.3% in the third quarter. Nine Chapters Capital Management LLC now owns 8,800 shares of the industrial products company’s stock valued at $515,000 after purchasing an additional 4,000 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in Greif Bros. Corporation in the third quarter valued at $216,000. Amalgamated Bank acquired a new position in Greif Bros. Corporation in the second quarter valued at $208,000. Finally, AMG National Trust Bank increased its stake in Greif Bros. Corporation by 7.1% in the second 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 during the last quarter. 48.11% of the stock is owned by institutional investors.
Greif Bros. Corporation 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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