Greif Inc. (NYSE:GEF) Receives Average Recommendation of “Hold” from Analysts
Shares of Greif Inc. (NYSE:GEF) have been given an average recommendation of “Hold” by the seven research firms that are covering the company. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $42.20.
A number of equities analysts have commented on GEF shares. Zacks Investment Research downgraded shares of Greif from a “buy” rating to a “hold” rating in a report on Monday, June 13th. BMO Capital Markets restated a “hold” rating and set a $36.00 price objective on shares of Greif in a report on Monday, June 27th. Robert W. Baird restated a “neutral” rating and set a $43.00 price objective on shares of Greif in a report on Tuesday, June 28th. Deutsche Bank AG restated a “market perform” rating and set a $36.00 price objective on shares of Greif in a report on Wednesday, June 29th. Finally, DA Davidson downgraded shares of Greif from a “buy” rating to a “neutral” rating and upped their price objective for the company from $44.00 to $45.00 in a report on Friday, September 2nd. They noted that the move was a valuation call.
Institutional investors have recently modified their holdings of the company. Virginia Retirement System acquired a new position in shares of Greif during the first quarter valued at $1,176,000. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Greif by 161.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 33,627 shares of the company’s stock valued at $1,101,000 after buying an additional 20,787 shares during the period. Teachers Advisors Inc. increased its position in shares of Greif by 494.5% in the first quarter. Teachers Advisors Inc. now owns 279,213 shares of the company’s stock valued at $9,144,000 after buying an additional 232,248 shares during the period. Prudential Financial Inc. increased its position in shares of Greif by 171.6% in the first quarter. Prudential Financial Inc. now owns 767,700 shares of the company’s stock valued at $25,143,000 after buying an additional 485,018 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Greif by 4,681.6% in the first quarter. JPMorgan Chase & Co. now owns 84,204 shares of the company’s stock valued at $2,758,000 after buying an additional 82,443 shares during the period. Institutional investors own 48.80% of the company’s stock.
Greif (NYSE:GEF) traded up 0.61% during trading on Monday, hitting $47.50. 55,927 shares of the company were exchanged. The stock has a market capitalization of $2.27 billion, a PE ratio of 28.82 and a beta of 1.28. Greif has a 1-year low of $23.88 and a 1-year high of $49.99. The firm’s 50 day moving average price is $46.56 and its 200-day moving average price is $39.25.
Greif (NYSE:GEF) last announced its earnings results on Wednesday, August 31st. The company reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.19. The business earned $845 million during the quarter, compared to the consensus estimate of $910.83 million. Greif had a net margin of 2.37% and a return on equity of 14.86%. The firm’s revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. Equities analysts predict that Greif will post $2.46 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, October 1st. Investors of record on Monday, September 19th were issued a $0.42 dividend. The ex-dividend date was Thursday, September 15th. This represents a $1.68 annualized dividend and a yield of 3.56%. Greif’s dividend payout ratio (DPR) is presently 126.32%.
Greif, Inc is a producer of industrial packaging products and services. The Company’s products include steel, fiber and plastic drums, rigid intermediate bulk containers, closure systems, transit protection products, water bottles and reconditioned industrial containers, and offers services, such as container life cycle management, blending, filling, logistics, warehousing and other packaging services.
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