Greif, Inc. (NYSE:GEF) has been assigned a consensus rating of “Hold” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $64.00.
A number of equities research analysts recently commented on GEF shares. Robert W. Baird reiterated a “buy” rating and issued a $66.00 price objective on shares of Greif in a report on Friday, November 10th. Bank of America upgraded Greif from a “neutral” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Tuesday, January 2nd. They noted that the move was a valuation call. DA Davidson upgraded Greif from a “neutral” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Thursday, December 7th. BMO Capital Markets reiterated a “hold” rating and issued a $55.00 price objective on shares of Greif in a report on Friday, November 24th. Finally, KeyCorp set a $47.00 price objective on Greif and gave the company a “sell” rating in a report on Friday, December 8th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. bought a new stake in Greif in the third quarter valued at about $216,000. Amalgamated Bank bought a new stake in shares of Greif in the second quarter worth about $208,000. ING Groep NV bought a new stake in shares of Greif in the fourth quarter worth about $236,000. Quantbot Technologies LP increased its holdings in shares of Greif by 3,048.2% in the third quarter. Quantbot Technologies LP now owns 4,376 shares of the industrial products company’s stock worth $256,000 after acquiring an additional 4,237 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Greif in the fourth quarter worth about $380,000. Institutional investors and hedge funds own 48.56% of the company’s stock.
Greif (NYSE:GEF) last issued its quarterly earnings results on Wednesday, December 6th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.09. Greif had a return on equity of 17.06% and a net margin of 3.26%. The business had revenue of $968.00 million for the quarter, compared to analyst estimates of $931.96 million. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. equities analysts predict that Greif will post 3.4 EPS for the current fiscal year.
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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.
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