Greif, Inc. (NYSE:GEF) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Greif, Inc. (NYSE:GEF) have earned an average rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $35.80.

A number of equities analysts have recently commented on the stock. ValuEngine lowered shares of Greif from a “sell” rating to a “strong sell” rating in a report on Thursday, April 30th. KeyCorp dropped their target price on shares of Greif from $29.00 to $26.00 and set an “underweight” rating on the stock in a report on Friday, May 8th. Wells Fargo & Co boosted their target price on shares of Greif from $42.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Zacks Investment Research upgraded shares of Greif from a “sell” rating to a “hold” rating and set a $35.00 target price on the stock in a report on Wednesday, April 8th. Finally, TheStreet upgraded shares of Greif from a “c” rating to a “b-” rating in a report on Thursday, June 18th.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. MCF Advisors LLC raised its holdings in shares of Greif by 50.0% during the first quarter. MCF Advisors LLC now owns 1,500 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 500 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Greif by 1.7% during the first quarter. Victory Capital Management Inc. now owns 33,519 shares of the industrial products company’s stock valued at $1,042,000 after purchasing an additional 560 shares during the period. Mutual of America Capital Management LLC raised its holdings in shares of Greif by 2.6% during the first quarter. Mutual of America Capital Management LLC now owns 24,443 shares of the industrial products company’s stock valued at $760,000 after purchasing an additional 623 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of Greif by 4.5% during the first quarter. Meeder Asset Management Inc. now owns 15,584 shares of the industrial products company’s stock valued at $484,000 after purchasing an additional 672 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Greif by 32.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,975 shares of the industrial products company’s stock valued at $92,000 after purchasing an additional 731 shares during the period. Hedge funds and other institutional investors own 47.94% of the company’s stock.

Shares of NYSE:GEF traded down $1.29 during mid-day trading on Friday, reaching $34.79. 194,251 shares of the company’s stock were exchanged, compared to its average volume of 150,405. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 1.01 and a beta of 1.12. The business’s fifty day moving average price is $34.81 and its 200-day moving average price is $35.13. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.08 and a current ratio of 1.48. Greif has a twelve month low of $23.65 and a twelve month high of $50.37.

Greif (NYSE:GEF) last issued its quarterly earnings results on Wednesday, June 3rd. The industrial products company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.20. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.15 billion. Greif had a net margin of 3.60% and a return on equity of 20.53%. Greif’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 earnings per share. Analysts predict that Greif will post 3.45 EPS for the current fiscal year.

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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