Greif, Inc. (GEF) Given Consensus Recommendation of “Hold” by Analysts

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.

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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.

Analyst Recommendations for Greif (NYSE:GEF)

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