Greif Bros.’s (NYSE:GEF) “Hold” Rating Reiterated at BMO Capital Markets

BMO Capital Markets reiterated their hold rating on shares of Greif Bros. (NYSE:GEF) in a research report sent to investors on Friday, November 24th. They currently have a $55.00 target price on the industrial products company’s stock.

Several other equities analysts have also commented on GEF. KeyCorp restated a sell rating on shares of Greif Bros. in a research report on Friday, November 10th. Robert W. Baird restated a buy rating and set a $66.00 price target on shares of Greif Bros. in a research report on Friday, November 10th. Finally, Bank of America lowered shares of Greif Bros. from a buy rating to a neutral rating and increased their target price for the company from $60.45 to $63.00 in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, four have issued 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. (NYSE:GEF) traded down $1.40 during mid-day trading on Friday, reaching $54.78. 354,200 shares of the company’s stock traded hands, compared to its average volume of 210,986. 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. has a 12-month low of $50.70 and a 12-month high of $63.04. The company has a market capitalization of $2,687.76, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 1.89 and a beta of 1.29.

A number of institutional investors and hedge funds have recently made changes to their positions in GEF. GSA Capital Partners LLP grew its position in Greif Bros. by 150.9% in the 3rd quarter. GSA Capital Partners LLP now owns 86,007 shares of the industrial products company’s stock valued at $5,035,000 after buying an additional 51,726 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Greif Bros. by 477.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 25,450 shares of the industrial products company’s stock valued at $1,490,000 after acquiring an additional 21,041 shares during the last quarter. Mondrian Investment Partners LTD lifted its holdings in Greif Bros. by 21.0% in the 2nd quarter. Mondrian Investment Partners LTD now owns 64,244 shares of the industrial products company’s stock valued at $3,584,000 after acquiring an additional 11,166 shares during the last quarter. Quantbot Technologies LP lifted its holdings in Greif Bros. by 3,048.2% in the 3rd quarter. Quantbot Technologies LP now owns 4,376 shares of the industrial products company’s stock valued at $256,000 after acquiring an additional 4,237 shares during the last quarter. Finally, Nine Chapters Capital Management LLC lifted its holdings in Greif Bros. by 83.3% in the 3rd quarter. Nine Chapters Capital Management LLC now owns 8,800 shares of the industrial products company’s stock valued at $515,000 after acquiring an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 48.54% of the company’s stock.

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About Greif Bros.

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. (NYSE:GEF)

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