Greif, Inc. (NYSE:GEF) has received a consensus recommendation of “Hold” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned 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 $63.20.
A number of brokerages recently issued reports on GEF. KeyCorp reiterated a “sell” rating and issued a $47.00 price objective on shares of Greif in a report on Tuesday, February 20th. BMO Capital Markets reiterated a “hold” rating and issued a $57.00 price objective on shares of Greif in a report on Wednesday, December 13th. Finally, Bank of America lowered shares of Greif from a “buy” rating to a “neutral” rating and set a $63.00 price objective for the company. in a report on Monday, April 2nd.
Shares of GEF stock traded up $0.30 on Wednesday, reaching $54.55. The company had a trading volume of 8,209 shares, compared to its average volume of 223,826. The stock has a market capitalization of $2,600.04, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. The company has a current ratio of 1.65, a quick ratio of 1.12 and a debt-to-equity ratio of 0.90. Greif has a one year low of $47.97 and a one year high of $65.60.
Greif (NYSE:GEF) last posted its earnings results on Wednesday, February 28th. The industrial products company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.17). The company had revenue of $905.70 million during the quarter, compared to the consensus estimate of $867.24 million. Greif had a return on equity of 16.63% and a net margin of 4.56%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the company posted $0.45 EPS. equities analysts predict that Greif will post 3.35 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, April 1st. Investors of record on Monday, March 19th were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, March 16th. This represents a $1.68 dividend on an annualized basis and a yield of 3.08%. Greif’s dividend payout ratio (DPR) is presently 56.95%.
A number of hedge funds and other institutional investors have recently modified their holdings of GEF. Cornercap Investment Counsel Inc. increased its position in Greif by 3.7% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 29,625 shares of the industrial products company’s stock valued at $1,795,000 after purchasing an additional 1,055 shares during the period. Alpha Windward LLC increased its position in Greif by 16.7% during the 4th quarter. Alpha Windward LLC now owns 9,660 shares of the industrial products company’s stock valued at $585,000 after purchasing an additional 1,380 shares during the period. ING Groep NV acquired a new stake in Greif during the 4th quarter valued at approximately $236,000. Arizona State Retirement System increased its position in Greif by 26.8% during the 4th quarter. Arizona State Retirement System now owns 18,595 shares of the industrial products company’s stock valued at $1,126,000 after purchasing an additional 3,935 shares during the period. Finally, Teacher Retirement System of Texas increased its position in Greif by 114.8% during the 4th quarter. Teacher Retirement System of Texas now owns 8,784 shares of the industrial products company’s stock valued at $532,000 after purchasing an additional 4,695 shares during the period. Institutional investors and hedge funds own 51.24% 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.
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