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.

Greif (NYSE:GEF) last issued its quarterly earnings results on Wednesday, December 6th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.09. Greif had a return on equity of 17.06% and a net margin of 3.26%. The business had revenue of $968.00 million during the quarter, compared to analyst estimates of $931.96 million. During the same quarter in the prior year, the business posted $0.65 EPS. Greif’s revenue for the quarter was up 11.6% compared to the same quarter last year. equities analysts anticipate that Greif will post 3.4 earnings per share for the current fiscal year.

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.

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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.

Analyst Recommendations for Greif (NYSE:GEF)

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