Greif Inc. (NYSE:GEF) has earned an average recommendation of “Hold” from the seven research firms that are currently covering the stock. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $42.20.
GEF has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Greif from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Wednesday, June 22nd. Bank of America Corp. raised shares of Greif from a “neutral” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Tuesday, September 6th. DA Davidson reaffirmed a “buy” rating and set a $44.00 price objective on shares of Greif in a report on Sunday, September 4th. BMO Capital Markets reaffirmed a “hold” rating and set a $36.00 price objective on shares of Greif in a report on Monday, June 27th. Finally, Deutsche Bank AG reaffirmed a “market perform” rating and set a $36.00 price objective on shares of Greif in a report on Wednesday, June 29th.
A number of large investors have recently added to or reduced their stakes in GEF. Wellington Management Group LLP boosted its stake in Greif by 37.2% in the first quarter. Wellington Management Group LLP now owns 1,875,646 shares of the company’s stock valued at $61,427,000 after buying an additional 508,987 shares during the last quarter. Prudential Financial Inc. boosted its stake in Greif by 171.6% in the first quarter. Prudential Financial Inc. now owns 767,700 shares of the company’s stock valued at $25,143,000 after buying an additional 485,018 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in Greif during the second quarter valued at about $13,292,000. LSV Asset Management boosted its stake in Greif by 1,845.1% in the second quarter. LSV Asset Management now owns 250,915 shares of the company’s stock valued at $9,351,000 after buying an additional 238,015 shares during the last quarter. Finally, Teachers Advisors Inc. boosted its stake in Greif by 494.5% in the first quarter. Teachers Advisors Inc. now owns 279,213 shares of the company’s stock valued at $9,144,000 after buying an additional 232,248 shares during the last quarter. Hedge funds and other institutional investors own 48.80% of the company’s stock.
Greif (NYSE:GEF) opened at 47.59 on Monday. The company’s 50-day moving average is $47.02 and its 200 day moving average is $39.58. Greif has a one year low of $23.88 and a one year high of $49.99. The company has a market capitalization of $2.27 billion, a P/E ratio of 28.88 and a beta of 1.28.
Greif (NYSE:GEF) last posted its quarterly earnings data on Wednesday, August 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.19. The business had revenue of $845 million for the quarter, compared to the consensus estimate of $910.83 million. Greif had a net margin of 2.37% and a return on equity of 14.86%. The company’s revenue was down 9.1% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. On average, equities analysts anticipate that Greif will post $2.46 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Investors of record on Monday, September 19th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.53%. The ex-dividend date was Thursday, September 15th. Greif’s payout ratio is currently 126.32%.
Greif, Inc is a producer of industrial packaging products and services. The Company’s products include steel, fiber and plastic drums, rigid intermediate bulk containers, closure systems, transit protection products, water bottles and reconditioned industrial containers, and offers services, such as container life cycle management, blending, filling, logistics, warehousing and other packaging services.
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