Shares of Greif, Inc. (NYSE:GEF) have received a consensus rating of “Buy” from the ten analysts that are currently covering the stock. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $50.25.
Several brokerages have weighed in on GEF. BMO Capital Markets increased their target price on shares of Greif from $51.00 to $53.00 and gave the stock a “market perform” rating in a research note on Monday, March 20th. Sidoti initiated coverage on shares of Greif in a research report on Friday, March 17th. They set a “buy” rating on the stock. Wells Fargo & Co raised shares of Greif from a “market perform” rating to an “outperform” rating in a research report on Monday, March 6th. DA Davidson raised shares of Greif from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $47.00 to $54.00 in a research report on Friday, March 3rd. Finally, KeyCorp reissued a “hold” rating on shares of Greif in a research report on Sunday, February 19th.
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Greif (NYSE:GEF) traded up 0.43% during midday trading on Wednesday, hitting $56.56. 78,486 shares of the stock were exchanged. The firm’s 50 day moving average price is $54.64 and its 200 day moving average price is $53.31. The company has a market cap of $2.70 billion, a PE ratio of 29.58 and a beta of 1.51. Greif has a 12 month low of $33.03 and a 12 month high of $60.55.
Greif (NYSE:GEF) last announced its earnings results on Wednesday, March 1st. The industrial products company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.05. The company had revenue of $820.90 million for the quarter, compared to analysts’ expectations of $802.04 million. Greif had a return on equity of 14.62% and a net margin of 2.25%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $0.40 EPS. On average, equities research analysts forecast that Greif will post $2.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Saturday, April 1st. Investors of record on Friday, March 17th were issued a $0.42 dividend. The ex-dividend date was Wednesday, March 15th. This represents a $1.68 annualized dividend and a yield of 2.98%. Greif’s dividend payout ratio (DPR) is 133.33%.
A number of hedge funds have recently modified their holdings of GEF. Norges Bank purchased a new stake in shares of Greif during the fourth quarter valued at $15,520,000. JPMorgan Chase & Co. boosted its stake in shares of Greif by 18,411.2% in the third quarter. JPMorgan Chase & Co. now owns 102,922 shares of the industrial products company’s stock valued at $5,105,000 after buying an additional 102,366 shares during the period. Hancock Holding Co. boosted its stake in shares of Greif by 313.4% in the third quarter. Hancock Holding Co. now owns 99,971 shares of the industrial products company’s stock valued at $4,957,000 after buying an additional 75,790 shares during the period. Heartland Advisors Inc. purchased a new stake in shares of Greif during the third quarter valued at $3,192,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Greif by 50.6% in the third quarter. Acadian Asset Management LLC now owns 122,078 shares of the industrial products company’s stock valued at $6,053,000 after buying an additional 41,006 shares during the period. 48.91% of the stock is currently owned by hedge funds and other institutional investors.
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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