KeyCorp set a $47.00 target price on Greif Bros. (NYSE:GEF) in a report issued on Friday. The brokerage currently has a sell rating on the industrial products company’s stock. KeyCorp also issued estimates for Greif Bros.’s Q1 2018 earnings at $0.71 EPS, Q2 2018 earnings at $0.88 EPS, Q3 2018 earnings at $0.99 EPS and FY2018 earnings at $3.29 EPS.

A number of other equities research analysts have also recently weighed in on the stock. Bank of America cut shares of Greif Bros. 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 report on Friday, September 1st. Robert W. Baird restated a buy rating and issued a $66.00 price objective on shares of Greif Bros. in a research note on Friday, September 1st. Zacks Investment Research lowered shares of Greif Bros. from a hold rating to a sell rating in a research note on Thursday, November 30th. BMO Capital Markets restated a hold rating and issued a $55.00 price objective on shares of Greif Bros. in a research note on Friday, November 24th. Finally, DA Davidson upgraded shares of Greif Bros. from a neutral rating to a buy rating and set a $54.00 price objective on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $58.20.

Shares of Greif Bros. (NYSE:GEF) opened at $64.03 on Friday. Greif Bros. has a 1 year low of $50.70 and a 1 year high of $65.60. The firm has a market cap of $3,063.32, a price-to-earnings ratio of 21.71, a P/E/G ratio of 2.17 and a beta of 1.29. The company has a quick ratio of 1.10, a current ratio of 1.45 and a debt-to-equity ratio of 0.90.

Greif Bros. (NYSE:GEF) last announced its quarterly earnings results on Wednesday, December 6th. The industrial products company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.09. Greif Bros. had a net margin of 3.26% and a return on equity of 17.06%. The firm had revenue of $968.00 million during the quarter, compared to analysts’ expectations of $931.96 million. During the same period in the previous year, the company earned $0.65 earnings per share. Greif Bros.’s quarterly revenue was up 11.6% compared to the same quarter last year. equities analysts predict that Greif Bros. will post 3.41 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Monday, December 18th will be paid a $0.42 dividend. The ex-dividend date is Friday, December 15th. This represents a $1.68 dividend on an annualized basis and a yield of 2.62%. Greif Bros.’s dividend payout ratio is presently 83.17%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. LS Investment Advisors LLC increased its stake in Greif Bros. by 17.9% in the second quarter. LS Investment Advisors LLC now owns 2,022 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 307 shares during the period. Amalgamated Bank acquired a new position in shares of Greif Bros. during the second quarter worth about $208,000. Crossmark Global Holdings Inc. acquired a new position in shares of Greif Bros. during the third quarter worth about $216,000. Quantbot Technologies LP increased its stake in shares of Greif Bros. by 3,048.2% during the third quarter. Quantbot Technologies LP now owns 4,376 shares of the industrial products company’s stock worth $256,000 after acquiring an additional 4,237 shares during the period. Finally, Nine Chapters Capital Management LLC increased its stake in shares of Greif Bros. by 83.3% during the third quarter. Nine Chapters Capital Management LLC now owns 8,800 shares of the industrial products company’s stock worth $515,000 after acquiring an additional 4,000 shares during the period. Institutional investors own 48.54% of the company’s stock.

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About Greif Bros.

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. (NYSE:GEF)

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