Analysts Set Greif Bros. Corporation (GEF) Price Target at $59.50

Shares of Greif Bros. Corporation (NYSE:GEF) have received an average rating of “Hold” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $59.50.

Several research analysts recently commented on the stock. Robert W. Baird reiterated a “buy” rating and set a $66.00 price objective on shares of Greif Bros. in a research note on Friday, September 1st. Bank of America lowered shares of Greif Bros. from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $60.45 to $63.00 in a research note on Friday, September 1st. BMO Capital Markets reiterated a “hold” rating and set a $55.00 price objective on shares of Greif Bros. in a research note on Thursday, August 17th. Zacks Investment Research lowered shares of Greif Bros. from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, KeyCorp reiterated a “sell” rating on shares of Greif Bros. in a research note on Friday, November 10th.

A number of institutional investors have recently modified their holdings of the business. Arizona State Retirement System increased its stake in Greif Bros. by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 10,900 shares of the industrial products company’s stock valued at $608,000 after purchasing an additional 200 shares in the last quarter. Neuberger Berman Group LLC increased its stake in Greif Bros. by 2.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 11,231 shares of the industrial products company’s stock valued at $626,000 after purchasing an additional 231 shares in the last quarter. Nine Chapters Capital Management LLC increased its stake in Greif Bros. by 6.7% during the 2nd quarter. Nine Chapters Capital Management LLC now owns 4,800 shares of the industrial products company’s stock valued at $268,000 after purchasing an additional 300 shares in the last quarter. LS Investment Advisors LLC increased its stake in Greif Bros. by 17.9% during the 2nd quarter. LS Investment Advisors LLC now owns 2,022 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 307 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Greif Bros. by 5.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 9,323 shares of the industrial products company’s stock valued at $520,000 after purchasing an additional 446 shares in the last quarter. Institutional investors and hedge funds own 48.39% of the company’s stock.

Greif Bros. (GEF) traded down $0.23 during trading hours on Thursday, hitting $54.34. 238,548 shares of the stock traded hands, compared to its average volume of 165,737. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.10 and a current ratio of 1.56. The company has a market cap of $2,599.73, a price-to-earnings ratio of 20.74, a P/E/G ratio of 1.83 and a beta of 1.30. Greif Bros. has a twelve month low of $50.70 and a twelve month high of $63.04.

Greif Bros. (NYSE:GEF) last posted its quarterly earnings data on Wednesday, August 30th. The industrial products company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.84 by $0.01. The firm had revenue of $961.80 million during the quarter, compared to analyst estimates of $901.76 million. Greif Bros. had a net margin of 2.65% and a return on equity of 15.49%. Greif Bros.’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 EPS. sell-side analysts expect that Greif Bros. will post 2.85 EPS for the current fiscal year.

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Greif Bros. 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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