Somewhat Positive Press Coverage Somewhat Unlikely to Impact Greif Bros. Corporation (NYSE:GEF) Stock Price
News coverage about Greif Bros. Corporation (NYSE:GEF) has been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Greif Bros. Corporation earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 46.0708270672304 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- IHS Markit Score Update: Drop in demand for ETFs holding Greif Inc is a negative sign for its shares (finance.yahoo.com)
- Greif, Inc. Announces 2017 Third Quarter Earnings Release and Conference Call Date (finance.yahoo.com)
- Reviewing Greif Bros. Corporation (GEF) & TriMas Corp (TRS) (americanbankingnews.com)
- TX Has $11358000 Position in United Parcel Service, Inc. (NYSE:UPS) (expressnewsline.com)
- Greif: Voting Vs. Non-Voting Relative Value Arbitrage (seekingalpha.com)
A number of equities analysts recently commented on the company. Bank of America Corporation set a $60.00 price target on Greif Bros. Corporation and gave the stock a “buy” rating in a report on Saturday, June 10th. ValuEngine upgraded Greif Bros. Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 9th. KeyCorp reiterated a “sell” rating and set a $47.00 price target on shares of Greif Bros. Corporation in a report on Thursday, June 8th. Robert W. Baird reiterated an “outperform” rating and set a $63.00 price target on shares of Greif Bros. Corporation in a report on Sunday, June 11th. Finally, BidaskClub upgraded Greif Bros. Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Greif Bros. Corporation currently has a consensus rating of “Hold” and an average price target of $56.50.
Shares of Greif Bros. Corporation (NYSE:GEF) traded down 0.20% during midday trading on Friday, hitting $55.41. The stock had a trading volume of 78,745 shares. Greif Bros. Corporation has a 52 week low of $40.44 and a 52 week high of $63.04. The stock’s 50-day moving average price is $56.31 and its 200 day moving average price is $56.50. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 27.59 and a beta of 1.37.
Greif Bros. Corporation (NYSE:GEF) last posted its quarterly earnings results on Wednesday, June 7th. The industrial products company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by $0.07. The firm had revenue of $887.40 million during the quarter, compared to the consensus estimate of $891.22 million. Greif Bros. Corporation had a return on equity of 16.17% and a net margin of 2.81%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.47 earnings per share. On average, equities analysts forecast that Greif Bros. Corporation will post $2.89 earnings per share for the current year.
In other news, major shareholder Shannon J. Diener purchased 5,189 shares of the company’s stock in a transaction on Thursday, July 6th. The stock was acquired 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 in the company, valued at approximately $635,487.93. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 16.79% 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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