Robert W. Baird Reiterates “Buy” Rating for Greif Bros. Corporation (GEF)

Robert W. Baird reissued their buy rating on shares of Greif Bros. Corporation (NYSE:GEF) in a research report sent to investors on Friday. They currently have a $66.00 price target on the industrial products company’s stock.

Several other research analysts have also recently weighed in on the company. Bank of America Corporation cut Greif Bros. Corporation from a buy rating to a neutral rating and boosted their price objective for the stock from $60.45 to $63.00 in a research report on Friday, September 1st. BMO Capital Markets reissued a hold rating and issued a $55.00 price objective on shares of Greif Bros. Corporation in a research report on Sunday, July 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $57.00.

Greif Bros. Corporation (GEF) opened at $51.82 on Friday. The stock has a market capitalization of $2,506.44, a P/E ratio of 20.00, a P/E/G ratio of 1.76 and a beta of 1.32. The company has a current ratio of 1.56, a quick ratio of 1.10 and a debt-to-equity ratio of 0.99. Greif Bros. Corporation has a 1 year low of $50.70 and a 1 year high of $63.04.

Greif Bros. Corporation (NYSE:GEF) last posted its quarterly earnings data on Wednesday, August 30th. The industrial products company reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.01. Greif Bros. Corporation had a return on equity of 15.49% and a net margin of 2.65%. The business had revenue of $961.80 million for the quarter, compared to analysts’ expectations of $901.76 million. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The business’s revenue was up 13.8% on a year-over-year basis. research analysts forecast that Greif Bros. Corporation will post 2.86 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of GEF. UBS Asset Management Americas Inc. lifted its position in shares of Greif Bros. Corporation by 44.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 17,291 shares of the industrial products company’s stock valued at $953,000 after buying an additional 5,335 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Greif Bros. Corporation by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 116,550 shares of the industrial products company’s stock valued at $6,421,000 after buying an additional 2,501 shares during the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Greif Bros. Corporation by 9.4% during the 1st quarter. Thrivent Financial For Lutherans now owns 4,870 shares of the industrial products company’s stock valued at $268,000 after buying an additional 420 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Greif Bros. Corporation by 26.8% during the 1st quarter. HighTower Advisors LLC now owns 5,567 shares of the industrial products company’s stock valued at $310,000 after buying an additional 1,176 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Greif Bros. Corporation by 19.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 150,861 shares of the industrial products company’s stock valued at $8,311,000 after buying an additional 24,058 shares during the last quarter. 47.89% of the stock is currently owned by hedge funds and other institutional investors.

About Greif Bros. Corporation

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.

Analyst Recommendations for Greif Bros. Corporation (NYSE:GEF)

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