Greif, Inc. (NYSE:GEF) Receives $69.33 Consensus Target Price from Brokerages

Greif, Inc. (NYSE:GEF) has been given a consensus rating of “Hold” by the six research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $69.33.

GEF has been the topic of several recent research reports. BMO Capital Markets downgraded shares of Greif from an “outperform” rating to a “market perform” rating and set a $71.00 price objective on the stock. in a research report on Thursday, November 11th. Bank of America cut shares of Greif from a “buy” rating to a “neutral” rating and set a $77.00 target price on the stock. in a research note on Thursday, October 14th. KeyCorp raised their target price on shares of Greif from $55.00 to $57.00 and gave the company an “underweight” rating in a research note on Friday, September 3rd. Finally, Zacks Investment Research cut shares of Greif from a “strong-buy” rating to a “hold” rating and set a $68.00 target price on the stock. in a research note on Monday, October 18th.

Shares of NYSE:GEF opened at $69.07 on Monday. The company has a market cap of $3.35 billion, a PE ratio of 12.47, a P/E/G ratio of 1.13 and a beta of 1.02. The company’s 50-day moving average price is $66.50 and its 200 day moving average price is $63.39. Greif has a fifty-two week low of $44.16 and a fifty-two week high of $72.00. The company has a quick ratio of 0.89, a current ratio of 1.26 and a debt-to-equity ratio of 1.39.

Greif (NYSE:GEF) last issued its quarterly earnings data on Tuesday, August 31st. The industrial products company reported $1.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.39. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.39 billion. Greif had a net margin of 6.43% and a return on equity of 19.67%. Greif’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same period last year, the firm posted $0.85 EPS. As a group, equities analysts anticipate that Greif will post 5.16 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 1st. Stockholders of record on Friday, September 17th were paid a $0.46 dividend. The ex-dividend date was Thursday, September 16th. This represents a $1.84 annualized dividend and a dividend yield of 2.66%. This is a boost from Greif’s previous quarterly dividend of $0.44. Greif’s payout ratio is currently 33.21%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Knights of Columbus Asset Advisors LLC grew its stake in shares of Greif by 0.4% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 40,181 shares of the industrial products company’s stock worth $2,596,000 after purchasing an additional 150 shares during the last quarter. IndexIQ Advisors LLC grew its stake in shares of Greif by 2.7% in the 2nd quarter. IndexIQ Advisors LLC now owns 7,098 shares of the industrial products company’s stock worth $430,000 after purchasing an additional 189 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Greif by 2.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 9,139 shares of the industrial products company’s stock worth $553,000 after purchasing an additional 223 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Greif by 4.9% in the 2nd quarter. Handelsbanken Fonder AB now owns 6,451 shares of the industrial products company’s stock worth $391,000 after purchasing an additional 300 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Greif by 4.9% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,389 shares of the industrial products company’s stock worth $413,000 after purchasing an additional 300 shares during the last quarter. 46.42% of the stock is currently owned by institutional investors.

About Greif

Greif, Inc engages in the production of industrial packaging products and services. It operates through the following segments: Rigid Industrial Packaging and Services, Paper Packaging and Services, Flexible Products and Services, and Land Management. The Rigid Industrial Packaging and Services segment involves the production and sale of rigid industrial packaging products, such as steel, fibre and plastic drums, rigid intermediate bulk containers, closure systems for industrial packaging products, transit protection products, water bottles and reconditioned containers, and services, such as container life cycle services, blending, filling and other packaging services, logistics and warehousing.

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Analyst Recommendations for Greif (NYSE:GEF)

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