Robert W. Baird reaffirmed their buy rating on shares of Greif Bros. Corporation (NYSE:GEF) in a research report released on Friday. They currently have a $66.00 target price on the industrial products company’s stock.

“PANW finished FY17 with robust 4Q results, exceeding consensus estimates across the board including revenue, operating margins, EPS, billings, and CFFO. The strong results were driven by improved productivity and continued progress with PANW’s sales-force reorganization initiatives as well as strong sales of its new appliances (PA-5200, PA-800, PA-220), which debuted in F3Q. PANW’s CFO, Steffan Tomlinson, announced he was retiring and will stay on board until his new successor’s announcement as a search process is initiated—we expect a smooth transition. PANW is entering FY18 following the announcements of many new innovative solutions, including its unique Application Framework (GA in early CY18) Traps 4.0, and GlobalProtect. We believe PANW’s strong quarter and new product traction set a positive tone as FY18 unfolds.”,” the firm’s analyst wrote.

Several other equities analysts also recently commented on GEF. BMO Capital Markets reissued a hold rating and issued a $55.00 price objective on shares of Greif Bros. Corporation in a research note on Thursday, August 17th. Bank of America Corporation set a $60.00 price objective on shares of Greif Bros. Corporation and gave the company a buy rating in a research note on Saturday, June 10th. ValuEngine raised shares of Greif Bros. Corporation from a hold rating to a buy rating in a research note on Friday, June 9th. KeyCorp reissued a sell rating and issued a $47.00 price objective on shares of Greif Bros. Corporation in a research note on Thursday, June 8th. Finally, BidaskClub raised shares of Greif Bros. Corporation from a sell rating to a hold rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $57.50.

Greif Bros. Corporation (NYSE:GEF) traded down 3.11% on Friday, reaching $58.57. 292,659 shares of the company traded hands. The stock has a 50-day moving average of $56.70 and a 200 day moving average of $56.44. The company has a market capitalization of $2.80 billion, a PE ratio of 29.17 and a beta of 1.35. Greif Bros. Corporation has a 52-week low of $44.45 and a 52-week high of $63.04.

Greif Bros. Corporation (NYSE:GEF) last issued its quarterly earnings data on Wednesday, August 30th. The industrial products company reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The business had revenue of $961.80 million during the quarter, compared to the consensus estimate of $901.76 million. Greif Bros. Corporation had a net margin of 2.65% and a return on equity of 15.49%. The firm’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 EPS. On average, equities analysts forecast that Greif Bros. Corporation will post $2.87 EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Monday, September 18th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Friday, September 15th. Greif Bros. Corporation’s payout ratio is currently 105.66%.

In other Greif Bros. Corporation news, major shareholder Shannon J. Diener purchased 5,189 shares of the company’s stock in a transaction dated Thursday, July 6th. The stock was purchased at an average price of $62.37 per share, with a total value of $323,637.93. Following the completion of the purchase, the insider now owns 10,189 shares of the company’s stock, valued at $635,487.93. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 16.37% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in GEF. Louisiana State Employees Retirement System raised its stake in shares of Greif Bros. Corporation by 1.6% during 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 acquiring an additional 100 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Greif Bros. Corporation by 22.1% during the first quarter. Nisa Investment Advisors LLC now owns 15,940 shares of the industrial products company’s stock valued at $878,000 after acquiring an additional 2,890 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Greif Bros. Corporation by 1.1% during the first quarter. Oregon Public Employees Retirement Fund now owns 8,877 shares of the industrial products company’s stock valued at $489,000 after acquiring an additional 100 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Greif Bros. Corporation by 5.0% during the first quarter. Great West Life Assurance Co. Can now owns 15,311 shares of the industrial products company’s stock valued at $843,000 after acquiring an additional 734 shares during the last quarter. Finally, State Treasurer State of Michigan raised its stake in shares of Greif Bros. Corporation by 1.0% during the first quarter. State Treasurer State of Michigan now owns 10,500 shares of the industrial products company’s stock valued at $578,000 after acquiring an additional 100 shares during the last quarter. 47.83% of the stock is owned by hedge funds and other institutional investors.

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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