Greif Bros. Corporation (GEF) Stock Rating Reaffirmed by BMO Capital Markets

Greif Bros. Corporation (NYSE:GEF)‘s stock had its “hold” rating reaffirmed by analysts at BMO Capital Markets in a note issued to investors on Friday. They presently have a $55.00 price target on the industrial products company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 5.47% from the stock’s current price.

Several other research analysts have also weighed in on GEF. Robert W. Baird reaffirmed a “buy” rating and issued a $66.00 target price on shares of Greif Bros. in a research report on Friday, November 10th. Bank of America Corporation lowered Greif Bros. from a “buy” rating to a “neutral” rating and increased their target price for the stock from $60.45 to $63.00 in a research report on Friday, September 1st. Finally, KeyCorp reaffirmed a “sell” rating on shares of Greif Bros. in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $57.00.

Shares of Greif Bros. (NYSE:GEF) traded up $0.01 during trading on Friday, hitting $52.15. The company’s stock had a trading volume of 64,800 shares, compared to its average volume of 209,825. Greif Bros. has a one year low of $50.70 and a one year high of $63.04. The stock has a market cap of $2,730.00, a price-to-earnings ratio of 19.90, a PEG ratio of 1.75 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. (NYSE:GEF) last issued its quarterly earnings results on Wednesday, August 30th. The industrial products company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. Greif Bros. had a return on equity of 15.49% and a net margin of 2.65%. The company had revenue of $961.80 million for the quarter, compared to analyst estimates of $901.76 million. During the same quarter in the prior year, the company posted $0.91 EPS. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. analysts forecast that Greif Bros. will post 2.86 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Arizona State Retirement System raised its position in shares of Greif Bros. by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 10,900 shares of the industrial products company’s stock worth $608,000 after buying an additional 200 shares during the period. Neuberger Berman Group LLC increased its holdings in Greif Bros. by 2.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 11,231 shares of the industrial products company’s stock valued at $626,000 after purchasing an additional 231 shares in the last quarter. Nine Chapters Capital Management LLC increased its holdings in Greif Bros. by 6.7% in 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 in the last quarter. LS Investment Advisors LLC increased its holdings in Greif Bros. by 17.9% in the 2nd quarter. LS Investment Advisors LLC now owns 2,022 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 307 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in Greif Bros. by 5.0% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 9,323 shares of the industrial products company’s stock valued at $520,000 after purchasing an additional 446 shares in the last quarter. 47.87% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Greif Bros. (NYSE:GEF)

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