Robert W. Baird reissued their buy rating on shares of Greif Bros. Corporation (NYSE:GEF) in a report published on Friday morning. Robert W. Baird currently has a $66.00 price objective on the industrial products company’s stock.

A number of other research firms have also recently commented on GEF. BMO Capital Markets reiterated a hold rating and set a $55.00 price objective on shares of Greif Bros. Corporation in a research report on Thursday, August 17th. Bank of America Corporation cut 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 research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $57.00.

Shares of Greif Bros. Corporation (NYSE:GEF) traded up $0.06 during mid-day trading on Friday, hitting $52.39. The stock had a trading volume of 172,500 shares, compared to its average volume of 188,032. The stock 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. Greif Bros. Corporation has a twelve month low of $50.70 and a twelve month high of $63.04. 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 (NYSE:GEF) last posted its quarterly earnings data on Wednesday, August 30th. The industrial products company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. The firm had revenue of $961.80 million during the quarter, compared to analysts’ expectations of $901.76 million. Greif Bros. Corporation had a return on equity of 15.49% and a net margin of 2.65%. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. analysts forecast that Greif Bros. Corporation will post 2.86 EPS for the current year.

WARNING: This report was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/11/12/greif-bros-corporations-gef-buy-rating-reaffirmed-at-robert-w-baird.html.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its holdings in Greif Bros. Corporation by 19.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 150,861 shares of the industrial products company’s stock valued at $8,311,000 after buying an additional 24,058 shares during the period. Principal Financial Group Inc. grew its holdings in Greif Bros. Corporation by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 116,550 shares of the industrial products company’s stock valued at $6,421,000 after buying an additional 2,501 shares during the period. Mondrian Investment Partners LTD grew its holdings in Greif Bros. Corporation by 21.0% in the 2nd quarter. Mondrian Investment Partners LTD now owns 64,244 shares of the industrial products company’s stock valued at $3,584,000 after buying an additional 11,166 shares during the period. UBS Asset Management Americas Inc. grew its holdings in Greif Bros. Corporation by 44.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 17,291 shares of the industrial products company’s stock valued at $953,000 after buying an additional 5,335 shares during the period. Finally, AMG National Trust Bank grew its holdings in Greif Bros. Corporation by 7.1% in the 2nd quarter. AMG National Trust Bank now owns 16,468 shares of the industrial products company’s stock valued at $918,000 after buying an additional 1,090 shares during the period. Institutional investors own 48.11% of the company’s stock.

Greif Bros. Corporation 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. Corporation (NYSE:GEF)

Receive News & Stock Ratings for Greif Bros. Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greif Bros. Corporation and related stocks with our FREE daily email newsletter.