Greif, Inc. (NYSE:GEF) has received a consensus recommendation of “Hold” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $64.00.
Several brokerages recently commented on GEF. DA Davidson raised Greif from a “neutral” rating to a “buy” rating and set a $74.00 price target on the stock in a research note on Thursday, December 7th. Robert W. Baird reaffirmed a “buy” rating and issued a $66.00 price target on shares of Greif in a research note on Friday, November 10th. KeyCorp set a $47.00 price target on Greif and gave the company a “sell” rating in a research note on Friday, December 8th. Bank of America raised Greif from a “neutral” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Tuesday, January 2nd. They noted that the move was a valuation call. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $57.00 price target on shares of Greif in a research note on Wednesday, December 13th.
Institutional investors and hedge funds have recently modified their holdings of the business. Amalgamated Bank bought a new position in Greif in the 2nd quarter valued at $208,000. Crossmark Global Holdings Inc. bought a new position in Greif in the 3rd quarter valued at $216,000. ING Groep NV bought a new position in Greif in the 4th quarter valued at $236,000. Quantbot Technologies LP raised its position in Greif by 3,048.2% in the 3rd quarter. Quantbot Technologies LP now owns 4,376 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 4,237 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Greif in the 4th quarter valued at $354,000. Hedge funds and other institutional investors own 48.56% of the company’s stock.
Shares of Greif (GEF) traded down $0.21 during mid-day trading on Tuesday, reaching $56.38. The company had a trading volume of 16,535 shares, compared to its average volume of 161,425. The company has a current ratio of 1.45, a quick ratio of 1.04 and a debt-to-equity ratio of 0.90. The firm has a market cap of $2,654.75, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 1.88 and a beta of 1.21. Greif has a twelve month low of $50.94 and a twelve month high of $65.60.
Greif (NYSE:GEF) last announced its quarterly earnings results on Wednesday, December 6th. The industrial products company reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.09. The business had revenue of $968.00 million for the quarter, compared to analyst estimates of $931.96 million. Greif had a return on equity of 17.06% and a net margin of 3.26%. Greif’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 EPS. research analysts anticipate that Greif will post 3.4 EPS for the current year.
Greif Company Profile
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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