Greif, Inc. (NYSE:GEF) Given Consensus Rating of “Hold” by Analysts

Greif, Inc. (NYSE:GEF) has earned an average recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $35.80.

Several equities analysts recently commented on the stock. Wells Fargo & Co increased their target price on shares of Greif from $42.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, June 5th. TheStreet raised shares of Greif from a “c” rating to a “b-” rating in a report on Thursday, June 18th. ValuEngine lowered shares of Greif from a “sell” rating to a “strong sell” rating in a report on Thursday, April 30th. KeyCorp reduced their target price on shares of Greif from $29.00 to $26.00 and set an “underweight” rating on the stock in a report on Friday, May 8th. Finally, Zacks Investment Research raised shares of Greif from a “sell” rating to a “hold” rating and set a $35.00 target price on the stock in a report on Wednesday, April 8th.

A number of institutional investors have recently made changes to their positions in the business. MCF Advisors LLC grew its holdings in Greif by 50.0% in the 1st quarter. MCF Advisors LLC now owns 1,500 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 500 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Greif by 1.7% in the 1st quarter. Victory Capital Management Inc. now owns 33,519 shares of the industrial products company’s stock worth $1,042,000 after acquiring an additional 560 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in Greif by 2.6% in the 1st quarter. Mutual of America Capital Management LLC now owns 24,443 shares of the industrial products company’s stock worth $760,000 after acquiring an additional 623 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in Greif by 4.5% in the 1st quarter. Meeder Asset Management Inc. now owns 15,584 shares of the industrial products company’s stock worth $484,000 after acquiring an additional 672 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Greif by 32.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,975 shares of the industrial products company’s stock worth $92,000 after acquiring an additional 731 shares during the last quarter. 47.94% of the stock is currently owned by institutional investors and hedge funds.

Shares of Greif stock traded down $1.29 on Friday, hitting $34.79. 194,251 shares of the company traded hands, compared to its average volume of 150,405. The firm’s 50-day simple moving average is $34.81 and its 200 day simple moving average is $35.13. The company has a current ratio of 1.48, a quick ratio of 1.08 and a debt-to-equity ratio of 2.52. The company has a market cap of $1.69 billion, a P/E ratio of 12.04, a P/E/G ratio of 1.01 and a beta of 1.12. Greif has a 12-month low of $23.65 and a 12-month high of $50.37.

Greif (NYSE:GEF) last posted its quarterly earnings data on Wednesday, June 3rd. The industrial products company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.20. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Greif had a net margin of 3.60% and a return on equity of 20.53%. The business’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the company posted $0.81 EPS. Analysts predict that Greif will post 3.45 earnings per share for the current year.

About Greif

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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