Greif, Inc. (NYSE:GEF) has been given a consensus recommendation of “Buy” by the ten analysts that are currently covering the stock. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $50.25.
A number of equities analysts have issued reports on the company. Wells Fargo & Co upgraded Greif from a “market perform” rating to an “outperform” rating in a report on Monday, March 6th. KeyCorp reiterated a “hold” rating on shares of Greif in a report on Sunday, February 19th. Zacks Investment Research upgraded Greif from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Monday, January 16th. DA Davidson upgraded Greif from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $47.00 to $54.00 in a report on Friday, March 3rd. Finally, Robert W. Baird upgraded Greif from a “neutral” rating to an “outperform” rating and set a $58.00 price objective for the company in a report on Wednesday, January 4th.
Shares of Greif (NYSE:GEF) traded up 0.66% on Monday, hitting $56.32. 203,389 shares of the stock were exchanged. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 29.46 and a beta of 1.51. The company has a 50 day moving average of $54.76 and a 200 day moving average of $53.29. Greif has a 52-week low of $33.03 and a 52-week high of $60.55.
Greif (NYSE:GEF) last posted its quarterly earnings data on Wednesday, March 1st. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by $0.05. The firm earned $820.90 million during the quarter, compared to the consensus estimate of $802.04 million. Greif had a return on equity of 14.62% and a net margin of 2.25%. Greif’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 EPS. Equities research analysts forecast that Greif will post $2.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Saturday, April 1st. Stockholders of record on Friday, March 17th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, March 15th. This represents a $1.68 annualized dividend and a dividend yield of 2.98%. Greif’s payout ratio is presently 133.33%.
Institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its position in shares of Greif by 22.1% in the first quarter. Nisa Investment Advisors LLC now owns 15,940 shares of the industrial products company’s stock valued at $878,000 after buying an additional 2,890 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Greif by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 6,500 shares of the industrial products company’s stock valued at $358,000 after buying an additional 100 shares during the last quarter. Alpha Windward LLC increased its position in shares of Greif by 1.4% in the first quarter. Alpha Windward LLC now owns 8,400 shares of the industrial products company’s stock valued at $463,000 after buying an additional 120 shares during the last quarter. Norges Bank bought a new position in shares of Greif during the fourth quarter valued at $15,520,000. Finally, Putnam Investments LLC increased its position in shares of Greif by 1.9% in the fourth quarter. Putnam Investments LLC now owns 80,800 shares of the industrial products company’s stock valued at $4,146,000 after buying an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 48.91% 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.
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