Greif Bros. Corporation (GEF) Earns “Sell” Rating from KeyCorp

KeyCorp reiterated their sell rating on shares of Greif Bros. Corporation (NYSE:GEF) in a research report sent to investors on Friday morning.

GEF has been the topic of several other reports. BMO Capital Markets restated a hold rating and set a $55.00 price objective on shares of Greif Bros. Corporation in a report on Thursday, August 17th. Bank of America Corporation downgraded Greif Bros. Corporation from a buy rating to a neutral rating and lifted their price objective for the stock from $60.45 to $63.00 in a report on Friday, September 1st. Finally, Robert W. Baird restated a buy rating and set a $66.00 price objective on shares of Greif Bros. Corporation in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $57.00.

Shares of Greif Bros. Corporation (GEF) opened at $51.82 on Friday. The company has a market capitalization of $2,506.44, a PE ratio of 20.00, a P/E/G ratio of 1.76 and a beta of 1.32. The company has a current ratio of 1.56, a quick ratio of 1.10 and a debt-to-equity ratio of 0.99. Greif Bros. Corporation has a twelve month low of $50.70 and a twelve month high of $63.04.

Greif Bros. Corporation (NYSE:GEF) last announced its earnings results on Wednesday, August 30th. The industrial products company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.84 by $0.01. The business had revenue of $961.80 million for the quarter, compared to the consensus estimate of $901.76 million. Greif Bros. Corporation had a return on equity of 15.49% and a net margin of 2.65%. The company’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. research analysts predict that Greif Bros. Corporation will post 2.86 earnings per share for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the company. LS Investment Advisors LLC grew its position in shares of Greif Bros. Corporation by 17.9% in the 2nd quarter. LS Investment Advisors LLC now owns 2,022 shares of the industrial products company’s stock worth $113,000 after acquiring an additional 307 shares in the last quarter. Amalgamated Bank acquired a new position in Greif Bros. Corporation during the 2nd quarter valued at approximately $208,000. Crossmark Global Holdings Inc. acquired a new position in Greif Bros. Corporation during the 3rd quarter valued at approximately $216,000. Quantbot Technologies LP boosted its position in Greif Bros. Corporation by 3,048.2% during the 3rd quarter. Quantbot Technologies LP now owns 4,376 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 4,237 shares during the period. Finally, Nine Chapters Capital Management LLC boosted its position in Greif Bros. Corporation 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 during the period. Institutional investors own 47.89% of the company’s stock.

About Greif Bros. Corporation

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.

Analyst Recommendations for Greif Bros. Corporation (NYSE:GEF)

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