Greif Bros. (GEF) Rating Reiterated by BMO Capital Markets

Greif Bros. (NYSE:GEF)‘s stock had its “hold” rating reaffirmed by equities research analysts at BMO Capital Markets in a research report issued on Wednesday. They presently have a $57.00 target price on the industrial products company’s stock. BMO Capital Markets’ target price suggests a potential downside of 7.20% from the stock’s current price.

GEF has been the topic of several other research reports. KeyCorp reaffirmed a “sell” rating on shares of Greif Bros. in a research report on Friday, November 10th. Zacks Investment Research lowered Greif Bros. from a “hold” rating to a “sell” rating in a research report on Thursday, November 30th. Robert W. Baird reiterated an “outperform” rating and issued a $72.00 target price (up from $66.00) on shares of Greif Bros. in a research note on Friday, December 8th. Bank of America downgraded Greif Bros. from a “buy” rating to a “neutral” rating and lifted their target price for the company from $60.45 to $63.00 in a research note on Friday, September 1st. Finally, DA Davidson upgraded Greif Bros. from a “neutral” rating to a “buy” rating and set a $74.00 target price on the stock in a research note on Thursday, December 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $62.60.

Greif Bros. (NYSE GEF) opened at $61.42 on Wednesday. The company has a market capitalization of $3,035.57, a P/E ratio of 21.51, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. Greif Bros. has a 12-month low of $50.70 and a 12-month high of $65.60. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.04 and a current ratio of 1.45.

Greif Bros. (NYSE:GEF) last released its quarterly earnings results on Wednesday, December 6th. The industrial products company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.89 by $0.09. The company had revenue of $968.00 million for the quarter, compared to analyst estimates of $931.96 million. Greif Bros. had a return on equity of 17.06% and a net margin of 3.26%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 earnings per share. equities analysts expect that Greif Bros. will post 3.41 EPS for the current year.

Several hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP grew its stake in shares of Greif Bros. by 150.9% in the 3rd quarter. GSA Capital Partners LLP now owns 86,007 shares of the industrial products company’s stock valued at $5,035,000 after purchasing an additional 51,726 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Greif Bros. by 477.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 25,450 shares of the industrial products company’s stock valued at $1,490,000 after purchasing an additional 21,041 shares during the last quarter. AMG National Trust Bank grew its stake in shares of Greif Bros. by 7.1% in the 2nd quarter. AMG National Trust Bank now owns 16,468 shares of the industrial products company’s stock valued at $918,000 after purchasing an additional 1,090 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Greif Bros. by 2.1% in the second quarter. Neuberger Berman Group LLC now owns 11,231 shares of the industrial products company’s stock valued at $626,000 after buying an additional 231 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Greif Bros. by 1.9% in the second quarter. Arizona State Retirement System now owns 10,900 shares of the industrial products company’s stock valued at $608,000 after buying an additional 200 shares in the last quarter. Institutional investors own 48.54% of the company’s stock.

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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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