Brokerages Set Greif, Inc. (GEF) Target Price at $64.00

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.

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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.

Analyst Recommendations for Greif (NYSE:GEF)

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