Greif (NYSE:GEF - Free Report) had its price target hoisted by Robert W. Baird from $70.00 to $75.00 in a research report report published on Friday,Benzinga reports. Robert W. Baird currently has a neutral rating on the industrial products company's stock.
GEF has been the subject of several other reports. Sidoti began coverage on Greif in a report on Wednesday, November 20th. They set a "buy" rating and a $93.00 price objective for the company. Bank of America decreased their price objective on shares of Greif from $77.00 to $73.00 and set a "buy" rating on the stock in a research report on Friday, August 30th. Wells Fargo & Company lowered their price objective on shares of Greif from $80.00 to $76.00 and set an "overweight" rating on the stock in a research note on Monday, August 26th. Stifel Nicolaus restated a "buy" rating and set a $88.00 target price on shares of Greif in a research report on Monday, August 26th. Finally, Truist Financial reiterated a "hold" rating and issued a $67.00 price target (down from $69.00) on shares of Greif in a research report on Friday, August 30th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $78.67.
View Our Latest Research Report on GEF
Greif Price Performance
Shares of NYSE:GEF traded down $1.64 on Friday, reaching $68.25. 171,680 shares of the company were exchanged, compared to its average volume of 186,722. The company has a 50-day moving average of $65.87 and a 200-day moving average of $63.09. The company has a current ratio of 1.70, a quick ratio of 1.28 and a debt-to-equity ratio of 1.35. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 15.09 and a beta of 0.92. Greif has a 1-year low of $55.95 and a 1-year high of $73.16.
Greif (NYSE:GEF - Get Free Report) last issued its earnings results on Wednesday, December 4th. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.23). Greif had a return on equity of 11.15% and a net margin of 4.81%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the company posted $1.56 earnings per share. The company's quarterly revenue was up 8.3% compared to the same quarter last year. Equities analysts forecast that Greif will post 4.79 earnings per share for the current fiscal year.
Greif Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Monday, December 16th. Greif's dividend payout ratio is presently 47.79%.
Institutional Trading of Greif
Several hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC increased its stake in shares of Greif by 16.7% during the 2nd quarter. AQR Capital Management LLC now owns 372,040 shares of the industrial products company's stock valued at $21,381,000 after acquiring an additional 53,110 shares during the last quarter. Intech Investment Management LLC acquired a new position in Greif during the third quarter worth approximately $518,000. Systematic Financial Management LP raised its stake in Greif by 12.3% during the second quarter. Systematic Financial Management LP now owns 262,058 shares of the industrial products company's stock worth $15,061,000 after purchasing an additional 28,669 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Greif by 9.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 524,637 shares of the industrial products company's stock valued at $32,874,000 after purchasing an additional 44,473 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Greif in the 2nd quarter valued at $4,012,000. 45.74% of the stock is owned by hedge funds and other institutional investors.
About Greif
(
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Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. The company operates through Global Industrial Packaging; Paper Packaging & Services; and Land Management segments. The Global Industrial Packaging segment produces and sells industrial packaging products, including steel, fiber, and plastic drums; rigid and flexible intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services to chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceuticals, mineral product, and other industries.
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