Several other research analysts have also weighed in on the stock. DA Davidson upgraded shares of Greif from a neutral rating to a buy rating and set a $74.00 price objective on the stock in a research note on Thursday, December 7th. BMO Capital Markets reiterated a hold rating and issued a $57.00 price objective on shares of Greif in a research note on Wednesday, December 13th. KeyCorp reiterated a sell rating and issued a $47.00 price objective on shares of Greif in a research note on Tuesday, February 20th. Zacks Investment Research lowered shares of Greif from a hold rating to a sell rating in a research note on Thursday, November 30th. Finally, Robert W. Baird reiterated an outperform rating and issued a $72.00 price objective (up previously from $66.00) on shares of Greif in a research note on Friday, December 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Greif presently has an average rating of Hold and an average target price of $62.60.
Greif (NYSE GEF) opened at $54.50 on Tuesday. The firm has a market cap of $2,599.56, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 1.85 and a beta of 1.18. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.65 and a quick ratio of 1.12. Greif has a 12 month low of $47.97 and a 12 month high of $65.60.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Monday, March 19th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, March 16th. This represents a $1.68 annualized dividend and a dividend yield of 3.08%. Greif’s dividend payout ratio (DPR) is 58.33%.
Several institutional investors and hedge funds have recently made changes to their positions in GEF. Two Sigma Investments LP increased its stake in shares of Greif by 1,828.5% during the 4th quarter. Two Sigma Investments LP now owns 212,853 shares of the industrial products company’s stock worth $12,895,000 after purchasing an additional 201,816 shares during the last quarter. Gotham Asset Management LLC acquired a new position in shares of Greif during the 4th quarter worth $3,899,000. American Century Companies Inc. increased its stake in shares of Greif by 196.2% during the 4th quarter. American Century Companies Inc. now owns 86,530 shares of the industrial products company’s stock worth $5,242,000 after purchasing an additional 57,317 shares during the last quarter. AXA increased its stake in shares of Greif by 39.4% during the 4th quarter. AXA now owns 190,100 shares of the industrial products company’s stock worth $11,516,000 after purchasing an additional 53,700 shares during the last quarter. Finally, Algert Global LLC acquired a new position in shares of Greif during the 4th quarter worth $3,235,000. Institutional investors own 51.38% of the company’s stock.
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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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