Greif, Inc. (GEF) Receives Average Rating of “Hold” from Brokerages

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.

Shares of Greif (GEF) traded down $0.16 on Tuesday, hitting $54.50. The stock had a trading volume of 152,459 shares, compared to its average volume of 165,645. The company has a quick ratio of 1.04, a current ratio of 1.45 and a debt-to-equity ratio of 0.90. Greif has a twelve month low of $50.94 and a twelve month high of $65.60. The firm has a market capitalization of $2,583.95, a price-to-earnings ratio of 26.98, a PEG ratio of 1.83 and a beta of 1.21.

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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About Greif

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.

Analyst Recommendations for Greif (NYSE:GEF)

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