BMO Capital Markets reiterated their hold rating on shares of Greif Bros. (NYSE:GEF) in a research report sent to investors on Wednesday morning. They currently have a $57.00 target price on the industrial products company’s stock.

Several other research firms have also recently issued reports on GEF. DA Davidson upgraded shares of Greif Bros. from a neutral rating to a buy rating and set a $74.00 target price for the company in a research note on Thursday, December 7th. KeyCorp set a $47.00 price objective on shares of Greif Bros. and gave the stock a sell rating in a research report on Friday, December 8th. Bank of America cut shares of Greif Bros. from a buy rating to a neutral rating and upped their price objective for the stock from $60.45 to $63.00 in a research report on Friday, September 1st. Robert W. Baird restated a buy rating and set a $66.00 price objective on shares of Greif Bros. in a research report on Friday, September 1st. Finally, Zacks Investment Research cut shares of Greif Bros. from a hold rating to a sell rating in a research report on Thursday, November 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $62.60.

Greif Bros. (NYSE:GEF) traded down $0.24 on Wednesday, hitting $63.21. 237,800 shares of the company traded hands, compared to its average volume of 220,097. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.04 and a current ratio of 1.45. Greif Bros. has a 1 year low of $50.70 and a 1 year high of $65.60. The firm has a market cap of $3,035.57, a PE ratio of 21.51, a P/E/G ratio of 2.15 and a beta of 1.29.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Monday, December 18th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Friday, December 15th. Greif Bros.’s dividend payout ratio is presently 83.17%.

Large investors have recently bought and sold shares of the business. Quantbot Technologies LP raised its position in Greif Bros. by 3,048.2% during 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 period. Crossmark Global Holdings Inc. acquired a new stake in shares of Greif Bros. in the third quarter valued at about $216,000. Nine Chapters Capital Management LLC raised its position in shares of Greif Bros. 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 buying an additional 4,000 shares during the last quarter. AMG National Trust Bank raised its position in shares of Greif Bros. 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 buying an additional 1,090 shares during the last quarter. Finally, Amalgamated Bank acquired a new stake in shares of Greif Bros. in the second quarter valued at about $208,000. Institutional investors own 48.54% of the company’s stock.

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About Greif Bros.

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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