Shares of Greif, Inc. (NYSE:GEF) have been given a consensus rating of “Sell” by the seven brokerages that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $35.25.
A number of brokerages have issued reports on GEF. Bank of America set a $38.00 price target on shares of Greif and gave the company a “sell” rating in a report on Thursday, March 7th. Zacks Investment Research downgraded shares of Greif from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Finally, KeyCorp reiterated a “sell” rating and issued a $31.00 price target on shares of Greif in a report on Thursday, February 28th.
Several institutional investors have recently bought and sold shares of GEF. Victory Capital Management Inc. increased its holdings in shares of Greif by 3,152.7% in the 1st quarter. Victory Capital Management Inc. now owns 609,681 shares of the industrial products company’s stock worth $25,149,000 after buying an additional 590,937 shares during the last quarter. Norges Bank bought a new stake in shares of Greif in the 4th quarter worth about $18,997,000. LSV Asset Management increased its holdings in shares of Greif by 157.6% in the 4th quarter. LSV Asset Management now owns 292,100 shares of the industrial products company’s stock worth $10,839,000 after buying an additional 178,700 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Greif by 413.5% in the 4th quarter. Millennium Management LLC now owns 159,454 shares of the industrial products company’s stock worth $5,917,000 after buying an additional 128,399 shares during the last quarter. Finally, Nordea Investment Management AB bought a new stake in shares of Greif in the 1st quarter worth about $4,762,000. Hedge funds and other institutional investors own 48.06% of the company’s stock.
Greif (NYSE:GEF) last announced its quarterly earnings results on Wednesday, June 5th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.02. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.24 billion. Greif had a net margin of 3.68% and a return on equity of 19.01%. Greif’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 EPS. On average, equities analysts forecast that Greif will post 3.67 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Tuesday, June 18th will be issued a $0.44 dividend. The ex-dividend date is Monday, June 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 5.18%. Greif’s dividend payout ratio (DPR) is presently 49.86%.
Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.
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