Greif Upgraded by Zacks to “Neutral” (GEF)
Greif (NYSE:GEF) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Tuesday, American Banking & Market News reports. The firm currently has a $51.90 price target on the stock. Zacks‘ target price would indicate a potential upside of 1.88% from the stock’s previous close.
Shares of Greif (NYSE:GEF) traded up 0.80% on Tuesday, hitting $51.35. The stock had a trading volume of 51,611 shares. Greif has a 52 week low of $45.49 and a 52 week high of $58.27. The stock’s 50-day moving average is $51.75 and its 200-day moving average is $52.73. The company has a market cap of $2.443 billion and a price-to-earnings ratio of 16.44.
Greif (NYSE:GEF) last issued its quarterly earnings data on Wednesday, December 11th. The company reported $0.76 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.83 by $0.07. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the company posted $0.63 earnings per share. Greif’s revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that Greif will post $3.21 earnings per share for the current fiscal year.
Greif, Inc is a producer of industrial packaging products and services with manufacturing facilities located in over 50 countries.
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