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

Greif, Inc. (NYSE:GEF) has been given a consensus rating of “Sell” by the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $34.81.

A number of research firms have recently issued reports on GEF. Bank of America set a $38.00 price target on Greif and gave the stock a “sell” rating in a research report on Thursday, March 7th. Zacks Investment Research downgraded Greif from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Finally, KeyCorp reissued a “sell” rating and set a $31.00 price target on shares of Greif in a research report on Thursday, February 28th.

Several institutional investors and hedge funds have recently bought and sold shares of GEF. Laurel Wealth Advisors LLC bought a new stake in Greif during the fourth quarter valued at about $26,000. Advisor Group Inc. boosted its position in Greif by 1,825.9% during the first quarter. Advisor Group Inc. now owns 1,637 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 1,552 shares in the last quarter. Advisors Preferred LLC bought a new stake in Greif during the fourth quarter valued at about $71,000. Dupont Capital Management Corp bought a new stake in Greif during the fourth quarter valued at about $80,000. Finally, NumerixS Investment Technologies Inc bought a new stake in Greif during the first quarter valued at about $84,000. 50.00% of the stock is currently owned by institutional investors and hedge funds.

Shares of GEF traded down $0.47 during midday trading on Friday, reaching $37.42. 108,400 shares of the stock were exchanged, compared to its average volume of 218,405. Greif has a 52 week low of $31.80 and a 52 week high of $62.75. The company has a current ratio of 1.83, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 1.19 and a beta of 1.50.

Greif (NYSE:GEF) last posted its quarterly earnings results on Wednesday, February 27th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. Greif had a return on equity of 18.89% and a net margin of 4.72%. The business had revenue of $897.00 million for the quarter, compared to the consensus estimate of $922.24 million. During the same quarter in the prior year, the company earned $0.96 EPS. The business’s revenue was down 1.0% compared to the same quarter last year. On average, equities research analysts predict that Greif will post 3.67 EPS for the current year.

Greif Company Profile

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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Analyst Recommendations for Greif (NYSE:GEF)

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