Wells Fargo & Co set a $40.00 price objective on Greif (NYSE:GEF) in a research note released on Friday morning, TipRanks reports. The brokerage currently has a hold rating on the industrial products company’s stock.
A number of other research analysts have also recently issued reports on GEF. KeyCorp reaffirmed a sell rating and issued a $31.00 price target on shares of Greif in a report on Thursday, February 28th. Zacks Investment Research cut shares of Greif from a buy rating to a hold rating in a report on Thursday, March 7th. Finally, Bank of America set a $38.00 price target on shares of Greif and gave the stock a sell rating in a report on Thursday, March 7th. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of Sell and a consensus price target of $36.88.
NYSE GEF opened at $34.76 on Friday. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 1.04 and a beta of 1.50. Greif has a 12-month low of $31.80 and a 12-month high of $59.48. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.67 and a quick ratio of 1.15.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Tuesday, June 18th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $1.76 annualized dividend and a dividend yield of 5.06%. Greif’s dividend payout ratio (DPR) is presently 49.86%.
Institutional investors have recently modified their holdings of the stock. Laurel Wealth Advisors LLC purchased a new position in shares of Greif during the fourth quarter worth $26,000. Advisor Group Inc. raised its holdings in shares of Greif by 1,825.9% during the first quarter. Advisor Group Inc. now owns 1,637 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 1,552 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new position in shares of Greif during the first quarter worth $84,000. Dupont Capital Management Corp purchased a new position in shares of Greif during the fourth quarter worth $80,000. Finally, Quantamental Technologies LLC purchased a new position in shares of Greif during the first quarter worth $122,000. 47.78% of the stock is owned by hedge funds and other institutional investors.
Greif Company Profile
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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