Greif Bros.’s (GEF) Hold Rating Reaffirmed at BMO Capital Markets
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.
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.
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