Greif (NYSE:GEF) received a $63.00 price objective from analysts at Bank of America in a report released on Tuesday, March 13th. The brokerage currently has a “buy” rating on the industrial products company’s stock. Bank of America’s target price would suggest a potential upside of 21.25% from the company’s previous close.
GEF has been the subject of several other research reports. KeyCorp reissued a “sell” rating and set a $47.00 price objective on shares of Greif in a research note on Tuesday, February 20th. BMO Capital Markets reaffirmed a “hold” rating and set a $57.00 price target on shares of Greif in a research note on Wednesday, December 13th. Zacks Investment Research lowered Greif from a “hold” rating to a “sell” rating in a research note on Thursday, November 30th. Robert W. Baird reaffirmed an “outperform” rating and set a $72.00 price target (up previously from $66.00) on shares of Greif in a research note on Friday, December 8th. Finally, DA Davidson raised Greif from a “neutral” rating to a “buy” rating and set a $74.00 price target for the company in a research note on Thursday, December 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $62.60.
Greif stock traded up $0.15 during trading hours on Tuesday, reaching $51.96. The company had a trading volume of 12,968 shares, compared to its average volume of 221,619. The company has a market capitalization of $2,496.04, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. Greif has a 12 month low of $47.97 and a 12 month high of $65.60. The company has a quick ratio of 1.12, a current ratio of 1.65 and a debt-to-equity ratio of 0.90.
Greif (NYSE:GEF) last posted its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.17). The business had revenue of $905.70 million for the quarter, compared to the consensus estimate of $867.24 million. Greif had a net margin of 4.56% and a return on equity of 16.63%. Greif’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 EPS. equities analysts predict that Greif will post 3.35 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. purchased a new position in shares of Greif in the third quarter worth about $216,000. ING Groep NV purchased a new position in shares of Greif in the fourth quarter worth about $236,000. Quantbot Technologies LP increased its holdings in shares of Greif by 3,048.2% in the third quarter. Quantbot Technologies LP now owns 4,376 shares of the industrial products company’s stock worth $256,000 after buying an additional 4,237 shares during the period. Jane Street Group LLC purchased a new position in shares of Greif in the fourth quarter worth about $354,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Greif in the fourth quarter worth about $380,000. Hedge funds and other institutional investors own 51.24% of the company’s stock.
WARNING: “Greif (GEF) PT Set at $63.00 by Bank of America” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.dispatchtribunal.com/2018/03/22/bank-of-america-analysts-give-greif-gef-a-63-00-price-target.html.
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.
Receive News & Ratings for Greif Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greif and related companies with MarketBeat.com's FREE daily email newsletter.