Favorable Media Coverage Somewhat Unlikely to Affect Greif Bros. Corporation (GEF) Share Price

News headlines about Greif Bros. Corporation (NYSE:GEF) have trended positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Greif Bros. Corporation earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 45.6142448611075 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news headlines that may have effected Accern’s scoring:

Greif Bros. Corporation (NYSE GEF) opened at 56.05 on Friday. The firm’s 50-day moving average is $56.47 and its 200 day moving average is $56.46. The stock has a market capitalization of $2.68 billion, a P/E ratio of 27.91 and a beta of 1.37. Greif Bros. Corporation has a 12 month low of $40.77 and a 12 month high of $63.04.

Greif Bros. Corporation (NYSE:GEF) last released its earnings results on Wednesday, June 7th. The industrial products company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.74 by $0.07. Greif Bros. Corporation had a net margin of 2.81% and a return on equity of 16.17%. The business had revenue of $887.40 million for the quarter, compared to the consensus estimate of $891.22 million. During the same quarter in the previous year, the firm earned $0.47 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities analysts anticipate that Greif Bros. Corporation will post $2.89 earnings per share for the current year.

A number of research firms have recently commented on GEF. BMO Capital Markets reissued a “hold” rating and set a $55.00 target price on shares of Greif Bros. Corporation in a research note on Thursday. BidaskClub raised shares of Greif Bros. Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Bank of America Corporation set a $60.00 price objective on shares of Greif Bros. Corporation and gave the company a “buy” rating in a research note on Saturday, June 10th. Robert W. Baird reissued an “outperform” rating and issued a $63.00 price target on shares of Greif Bros. Corporation in a research note on Sunday, June 11th. Finally, ValuEngine upgraded shares of Greif Bros. Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $56.50.

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In other news, major shareholder Shannon J. Diener purchased 5,189 shares of the stock in a transaction dated Thursday, July 6th. The stock was acquired at an average price of $62.37 per share, for a total transaction of $323,637.93. Following the completion of the transaction, the insider now owns 10,189 shares of the company’s stock, valued at $635,487.93. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 16.79% of the stock is currently owned by corporate insiders.

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.

Insider Buying and Selling by Quarter for Greif Bros. Corporation (NYSE:GEF)

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