KeyCorp Analysts Give Greif Bros. (GEF) a $47.00 Price Target
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.
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