Shares of Greif Inc. (NYSE:GEF) have been given an average rating of “Hold” by the seven analysts that are currently covering the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $42.20.
Several analysts have recently weighed in on the stock. Robert W. Baird reaffirmed a “neutral” rating and issued a $43.00 target price on shares of Greif in a report on Tuesday, June 28th. DA Davidson downgraded shares of Greif from a “buy” rating to a “neutral” rating and lifted their target price for the company from $44.00 to $45.00 in a report on Friday, September 2nd. They noted that the move was a valuation call. Deutsche Bank AG reaffirmed a “market perform” rating and issued a $36.00 target price on shares of Greif in a report on Wednesday, June 29th. Zacks Investment Research raised shares of Greif from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Wednesday, June 22nd. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $36.00 target price on shares of Greif in a report on Monday, June 27th.
Hedge funds have recently made changes to their positions in the stock. Virginia Retirement System bought a new stake in shares of Greif during the first quarter valued at approximately $1,176,000. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Greif by 161.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 33,627 shares of the company’s stock valued at $1,101,000 after buying an additional 20,787 shares during the period. Teachers Advisors Inc. boosted its stake in shares of Greif by 494.5% in the first quarter. Teachers Advisors Inc. now owns 279,213 shares of the company’s stock valued at $9,144,000 after buying an additional 232,248 shares during the period. Prudential Financial Inc. boosted its stake in shares of Greif by 171.6% in the first quarter. Prudential Financial Inc. now owns 767,700 shares of the company’s stock valued at $25,143,000 after buying an additional 485,018 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Greif by 4,681.6% in the first quarter. JPMorgan Chase & Co. now owns 84,204 shares of the company’s stock valued at $2,758,000 after buying an additional 82,443 shares during the period. Hedge funds and other institutional investors own 48.80% of the company’s stock.
Shares of Greif (NYSE:GEF) opened at 47.47 on Monday. Greif has a 52 week low of $23.88 and a 52 week high of $49.99. The company’s 50-day moving average is $47.30 and its 200 day moving average is $39.75. The stock has a market cap of $2.27 billion, a PE ratio of 28.80 and a beta of 1.28.
Greif (NYSE:GEF) last issued its quarterly earnings data on Wednesday, August 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.19. Greif had a net margin of 2.37% and a return on equity of 14.86%. The company had revenue of $845 million for the quarter, compared to the consensus estimate of $910.83 million. During the same period last year, the firm posted $0.60 EPS. Greif’s revenue for the quarter was down 9.1% on a year-over-year basis. Analysts forecast that Greif will post $2.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Saturday, October 1st. Stockholders of record on Monday, September 19th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend was Thursday, September 15th. Greif’s payout ratio is 126.32%.
Greif, Inc is a producer of industrial packaging products and services. The Company’s products include steel, fiber and plastic drums, rigid intermediate bulk containers, closure systems, transit protection products, water bottles and reconditioned industrial containers, and offers services, such as container life cycle management, blending, filling, logistics, warehousing and other packaging services.
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