Greif, Inc. (GEF) Receives Consensus Recommendation of “Hold” from Brokerages
Greif, Inc. (NYSE:GEF) has earned a consensus rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $64.00.
GEF has been the subject of a number of research analyst reports. KeyCorp restated a “sell” rating on shares of Greif in a research report on Friday, November 10th. Zacks Investment Research lowered Greif from a “hold” rating to a “sell” rating in a research report on Thursday, November 30th. BMO Capital Markets restated a “hold” rating and set a $57.00 price objective on shares of Greif in a research report on Wednesday, December 13th. Robert W. Baird restated an “outperform” rating and set a $72.00 price objective (up previously from $66.00) on shares of Greif in a research report on Friday, December 8th. Finally, Bank of America upgraded Greif from a “neutral” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Tuesday, January 2nd. They noted that the move was a valuation call.
Shares of Greif (NYSE GEF) traded up $1.13 during mid-day trading on Friday, reaching $60.82. The company’s stock had a trading volume of 106,511 shares, compared to its average volume of 152,854. Greif has a 1-year low of $50.94 and a 1-year high of $65.60. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.45 and a quick ratio of 1.04. The stock has a market cap of $3,040.00, a price-to-earnings ratio of 24.52, a PEG ratio of 2.04 and a beta of 1.29.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Monday, December 18th were given a dividend of $0.42 per share. The ex-dividend date was Friday, December 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.76%. Greif’s payout ratio is 67.74%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP grew its position in Greif by 150.9% in the third quarter. GSA Capital Partners LLP now owns 86,007 shares of the industrial products company’s stock worth $5,035,000 after acquiring an additional 51,726 shares in the last quarter. Quantbot Technologies LP grew its position in Greif by 3,048.2% in 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 in the last quarter. Public Employees Retirement System of Ohio grew its position in Greif by 477.2% in the third quarter. Public Employees Retirement System of Ohio now owns 25,450 shares of the industrial products company’s stock worth $1,490,000 after acquiring an additional 21,041 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in Greif in the third quarter worth about $216,000. Finally, Nine Chapters Capital Management LLC grew its position in Greif by 83.3% in the third quarter. Nine Chapters Capital Management LLC now owns 8,800 shares of the industrial products company’s stock worth $515,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors own 48.54% of the company’s stock.
Greif Company Profile
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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