Greif, Inc. (GEF) Receives $54.50 Average Target Price from Analysts
Greif, Inc. (NYSE:GEF) has earned an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $52.75.
Several brokerages recently issued reports on GEF. KeyCorp reaffirmed a “sell” rating and set a $50.00 target price on shares of Greif in a research report on Thursday, August 30th. Zacks Investment Research cut Greif from a “hold” rating to a “sell” rating in a research report on Thursday, August 23rd. Wells Fargo & Co set a $65.00 target price on Greif and gave the company a “buy” rating in a research report on Thursday, October 18th. Finally, BMO Capital Markets cut their target price on Greif to $53.00 and set an “outperform” rating on the stock in a research report on Thursday.
Large investors have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Greif during the second quarter valued at approximately $370,000. Cubist Systematic Strategies LLC boosted its position in Greif by 956.5% in the second quarter. Cubist Systematic Strategies LLC now owns 7,987 shares of the industrial products company’s stock worth $422,000 after purchasing an additional 7,231 shares during the last quarter. LSV Asset Management boosted its position in Greif by 4.4% in the second quarter. LSV Asset Management now owns 74,300 shares of the industrial products company’s stock worth $3,929,000 after purchasing an additional 3,100 shares during the last quarter. GSA Capital Partners LLP boosted its position in Greif by 21.8% in the second quarter. GSA Capital Partners LLP now owns 31,209 shares of the industrial products company’s stock worth $1,651,000 after purchasing an additional 5,595 shares during the last quarter. Finally, Deprince Race & Zollo Inc. purchased a new position in Greif in the third quarter worth $17,584,000. 48.21% of the stock is currently owned by institutional investors.
Greif (NYSE:GEF) last announced its quarterly earnings data on Wednesday, December 5th. The industrial products company reported $1.08 EPS for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.11). The firm had revenue of $987.70 million during the quarter, compared to analyst estimates of $1.02 billion. Greif had a net margin of 5.41% and a return on equity of 18.24%. As a group, research analysts predict that Greif will post 3.71 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 1st. Investors of record on Tuesday, December 18th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, December 17th. This represents a $1.76 annualized dividend and a dividend yield of 3.98%. Greif’s payout ratio is 49.86%.
Greif Company Profile
Greif, Inc produces and sells industrial packaging products and services worldwide. It operates in four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.
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