Greif Bros. Corporation (GEF) Given Daily Media Impact Rating of 0.15
News coverage about Greif Bros. Corporation (NYSE:GEF) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Greif Bros. Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 46.3223584670009 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- ETFs with exposure to Greif, Inc. : September 7, 2017 (finance.yahoo.com)
- Greif Shows Improved Relative Price Performance; Still Shy Of Benchmark (finance.yahoo.com)
- Comparing Greif Bros. Corporation (GEF) & Bemis (BMS) (americanbankingnews.com)
- Greif, Inc. :GEF-US: Earnings Analysis: Q3, 2017 By the Numbers : September 5, 2017 (finance.yahoo.com)
- Greif Bros. Corporation (GEF) Stock Rating Lowered by Bank of America Corporation (americanbankingnews.com)
Several equities analysts have issued reports on the company. Robert W. Baird reissued a “buy” rating and issued a $66.00 price target on shares of Greif Bros. Corporation in a research note on Friday, September 1st. Bank of America Corporation lowered Greif Bros. Corporation from a “buy” rating to a “neutral” rating and boosted their price target for the company from $60.45 to $63.00 in a research note on Friday, September 1st. KeyCorp reissued a “sell” rating and issued a $47.00 price target on shares of Greif Bros. Corporation in a research note on Thursday, June 8th. Zacks Investment Research raised Greif Bros. Corporation from a “sell” rating to a “hold” rating in a research note on Friday, May 26th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $55.00 price target on shares of Greif Bros. Corporation in a research note on Sunday, July 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $57.50.
Greif Bros. Corporation (NYSE:GEF) opened at 56.92 on Monday. The stock’s 50 day moving average price is $56.81 and its 200-day moving average price is $56.43. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 28.35 and a beta of 1.35. Greif Bros. Corporation has a 12 month low of $45.54 and a 12 month high of $63.04.
Greif Bros. Corporation (NYSE:GEF) last released its quarterly earnings results on Wednesday, August 30th. The industrial products company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.01. Greif Bros. Corporation 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 period in the previous year, the company posted $0.91 earnings per share. The firm’s revenue was up 13.8% on a year-over-year basis. Equities analysts anticipate that Greif Bros. Corporation will post $2.87 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Monday, September 18th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, September 15th. This represents a $1.68 annualized dividend and a dividend yield of 2.95%. Greif Bros. Corporation’s dividend payout ratio is presently 105.66%.
In other news, major shareholder Shannon J. Diener purchased 5,189 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The shares were bought at an average cost of $62.37 per share, for a total transaction of $323,637.93. Following the completion of the transaction, the insider now directly owns 10,189 shares of the company’s stock, valued at approximately $635,487.93. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.37% 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.
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