Greif (NYSE:GEF) Price Target Increased to $45.00 by Analysts at Robert W. Baird

Greif (NYSE:GEF) had its price objective hoisted by Robert W. Baird from $40.00 to $45.00 in a research report released on Friday, BenzingaRatingsTable reports. Robert W. Baird currently has a neutral rating on the industrial products company’s stock.

Several other brokerages have also recently commented on GEF. Zacks Investment Research upgraded shares of Greif from a sell rating to a hold rating and set a $34.00 target price for the company in a report on Monday, August 19th. ValuEngine upgraded shares of Greif from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has an average rating of Hold and a consensus price target of $37.88.

Greif stock traded up $1.55 during midday trading on Friday, reaching $44.68. The stock had a trading volume of 255,957 shares, compared to its average volume of 231,924. The stock has a market capitalization of $2.16 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 1.24 and a beta of 1.41. The firm’s fifty day simple moving average is $41.28 and its 200-day simple moving average is $36.63. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.11 and a current ratio of 1.60. Greif has a 1-year low of $29.85 and a 1-year high of $50.37.

Greif (NYSE:GEF) last released its quarterly earnings results on Wednesday, December 4th. The industrial products company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.13. Greif had a return on equity of 19.40% and a net margin of 3.36%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the firm posted $3.53 EPS. The business’s revenue was up 24.7% on a year-over-year basis. On average, sell-side analysts anticipate that Greif will post 3.82 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Wednesday, December 18th will be issued a dividend of $0.44 per share. The ex-dividend date is Tuesday, December 17th. This represents a $1.76 annualized dividend and a yield of 3.94%. Greif’s payout ratio is presently 49.86%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Deprince Race & Zollo Inc. raised its stake in shares of Greif by 15.5% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 487,760 shares of the industrial products company’s stock worth $15,877,000 after purchasing an additional 65,584 shares in the last quarter. Investment Counselors of Maryland LLC lifted its stake in Greif by 1.2% in the second quarter. Investment Counselors of Maryland LLC now owns 437,349 shares of the industrial products company’s stock valued at $14,236,000 after acquiring an additional 5,082 shares during the last quarter. Marshall Wace North America L.P. lifted its stake in Greif by 178.8% in the second quarter. Marshall Wace North America L.P. now owns 231,791 shares of the industrial products company’s stock valued at $7,544,000 after acquiring an additional 148,645 shares during the last quarter. Invesco Ltd. grew its position in shares of Greif by 19.3% in the 2nd quarter. Invesco Ltd. now owns 132,805 shares of the industrial products company’s stock valued at $4,322,000 after acquiring an additional 21,501 shares during the period. Finally, AMG National Trust Bank bought a new position in shares of Greif in the 2nd quarter valued at about $3,048,000. 46.07% of the stock is owned by hedge funds and other institutional investors.

Greif Company Profile

Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.

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Analyst Recommendations for Greif (NYSE:GEF)

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