Greif (NYSE:GEF) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b” rating in a research report issued on Monday, TheStreetRatingsTable reports.
GEF has been the subject of a number of other research reports. ValuEngine raised Greif from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Robert W. Baird lifted their target price on Greif from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Wells Fargo & Co boosted their price target on shares of Greif from $40.00 to $46.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Finally, Zacks Investment Research upgraded shares of Greif from a “sell” rating to a “hold” rating and set a $34.00 price target for the company in a research report on Monday, August 19th. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $37.88.
GEF stock opened at $44.04 on Monday. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 1.33 and a beta of 1.41. The company has a quick ratio of 1.08, a current ratio of 1.51 and a debt-to-equity ratio of 2.23. Greif has a 12-month low of $29.85 and a 12-month high of $50.37. The company’s fifty day simple moving average is $41.73 and its 200 day simple moving average is $36.78.
Greif (NYSE:GEF) last issued its quarterly earnings results on Wednesday, December 4th. The industrial products company reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.13. Greif had a return on equity of 20.02% and a net margin of 3.72%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the business posted $3.53 EPS. The business’s revenue was up 24.7% compared to the same quarter last year. Research analysts expect that Greif will post 3.89 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the business. Deprince Race & Zollo Inc. raised its holdings in shares of Greif by 15.5% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 487,760 shares of the industrial products company’s stock valued at $15,877,000 after acquiring an additional 65,584 shares in the last quarter. Investment Counselors of Maryland LLC raised its stake in shares of Greif by 1.2% during the 2nd quarter. Investment Counselors of Maryland LLC now owns 437,349 shares of the industrial products company’s stock worth $14,236,000 after buying an additional 5,082 shares during the period. Marshall Wace North America L.P. increased its holdings in Greif by 178.8% in the 2nd quarter. Marshall Wace North America L.P. now owns 231,791 shares of the industrial products company’s stock worth $7,544,000 after acquiring an additional 148,645 shares in the last quarter. Invesco Ltd. increased its holdings in Greif by 19.3% in the 2nd quarter. Invesco Ltd. now owns 132,805 shares of the industrial products company’s stock worth $4,322,000 after acquiring an additional 21,501 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in Greif by 19.9% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 82,210 shares of the industrial products company’s stock worth $2,676,000 after acquiring an additional 13,665 shares during the period. 46.07% of the stock is owned by institutional investors and hedge funds.
Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.
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