Greif (NYSE:GEF) PT Raised to $36.00 at BMO Capital Markets

Greif (NYSE:GEF) had its price objective upped by analysts at BMO Capital Markets from $28.00 to $36.00 in a report issued on Thursday, The Fly reports. The brokerage currently has an “underperform” rating on the industrial products company’s stock. BMO Capital Markets’ price target would suggest a potential downside of 17.85% from the stock’s previous close.

A number of other analysts have also weighed in on GEF. Zacks Investment Research raised shares of Greif from a “sell” rating to a “hold” rating and set a $34.00 target price on the stock in a report on Monday, August 19th. Wells Fargo & Co increased their target price on shares of Greif from $40.00 to $46.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Robert W. Baird raised their price target on shares of Greif from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, December 6th. ValuEngine upgraded shares of Greif from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, TheStreet upgraded shares of Greif from a “c+” rating to a “b” rating in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has an average rating of “Hold” and a consensus price target of $38.17.

GEF stock opened at $43.82 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.51 and a debt-to-equity ratio of 2.23. The firm has a market capitalization of $2.11 billion, a PE ratio of 11.07, a PEG ratio of 1.33 and a beta of 1.41. Greif has a twelve month low of $29.85 and a twelve month high of $50.37. The stock has a 50-day simple moving average of $42.02 and a two-hundred day simple moving average of $36.91.

Greif (NYSE:GEF) last announced its quarterly earnings results on Wednesday, December 4th. The industrial products company reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.13. Greif had a return on equity of 20.02% and a net margin of 3.72%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the business posted $3.53 earnings per share. The company’s revenue was up 24.7% on a year-over-year basis. On average, equities research analysts anticipate that Greif will post 3.85 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of GEF. MCF Advisors LLC bought a new position in shares of Greif in the second quarter worth approximately $33,000. SG Americas Securities LLC purchased a new position in Greif in the 2nd quarter worth approximately $157,000. Dupont Capital Management Corp increased its holdings in shares of Greif by 92.0% in the 3rd quarter. Dupont Capital Management Corp now owns 4,142 shares of the industrial products company’s stock worth $157,000 after buying an additional 1,985 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Greif in the 3rd quarter worth $176,000. Finally, Paloma Partners Management Co bought a new position in shares of Greif in the 2nd quarter worth $207,000. Hedge funds and other institutional investors own 46.07% of the company’s stock.

About Greif

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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