Brokerage firm BMO Capital Downgrades its rating on Greif(NYSE:GEF). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by BMO Capital was issued on Jun 9, 2016.
In a different note, On May 25, 2016, BMO Capital said it Downgrades its rating on Greif. The shares have been rated ‘Market Perform’ by the firm.
Greif (GEF) shares turned negative on Wednesdays trading session with the shares closing down -0.57 points or -1.44% at a volume of 2,33,569. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $39.95. The peak price level was also seen at $39.95 while the days lowest was $38.88. Finally the shares closed at $38.99. The 52-week high of the shares is $40.91 while the 52-week low is $23.88. According to the latest information available, the market cap of the company is $1,863 M.
Greif has also declared a cash dividend of $0.4200 on Jun 7, 2016. The shares will quote ex-dividend on Jun 16, 2016 and the record date has been fixed on Jun 20, 2016. The dividend payable date has been fixed on Jul 1, 2016.
Greif(GEF) last announced its earnings results on Jun 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $839.60M. Analysts had an estimated revenue of $836.77M. Earnings per share were $0.47. Analysts had estimated an EPS of $0.57.
Several Insider Transactions has been reported to the SEC. On Mar 15, 2016, Lawrence A. Hilsheimer (CFO) purchased 36,560 shares at $27.28 per share price.Also, On Mar 15, 2016, Peter G Watson (CEO) purchased 3,665 shares at $27.14 per share price.On Dec 17, 2015, Bruce A Edwards (director) purchased 2,000 shares at $45.09 per share price, according to the Form-4 filing with the securities and exchange commission.
Greif Inc. is a producer of industrial packaging products and services. The Company’s products include steel fiber and plastic drums rigid intermediate bulk containers closure systems transit protection products water bottles and reconditioned industrial containers and offers services such as container life cycle management blending filling logistics warehousing and other packaging services. The Company operates in four business segments: Rigid Industrial Packaging & Services; Flexible Products & Services; Paper Packaging and Land Management. The Company sells its rigid industrial packaging products to customers in industries such as chemicals paints and pigments food and beverage petroleum industrial coatings agricultural pharmaceutical and mineral among others. The Company has manufacturing facilities located in over 50 countries.