Greif (NYSE:GEF) was upgraded by analysts at Wells Fargo & Co from an “equal weight” rating to an “overweight” rating in a research note issued on Tuesday, Marketbeat Ratings reports. The firm presently has a $52.00 price target on the industrial products company’s stock, up from their prior price target of $46.00. Wells Fargo & Co‘s target price suggests a potential upside of 12.14% from the company’s previous close.
GEF has been the topic of several other research reports. Robert W. Baird raised their price objective on shares of Greif from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. TheStreet upgraded Greif from a “c+” rating to a “b” rating in a report on Monday, December 9th. ValuEngine upgraded Greif from a “sell” rating to a “hold” rating in a report on Monday, December 30th. Finally, BMO Capital Markets increased their price target on Greif from $28.00 to $36.00 and gave the company an “underperform” rating in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Greif presently has a consensus rating of “Hold” and a consensus target price of $39.17.
GEF stock traded down $0.04 during mid-day trading on Tuesday, reaching $46.37. 1,280 shares of the stock traded hands, compared to its average volume of 175,521. The company has a current ratio of 1.51, a quick ratio of 1.08 and a debt-to-equity ratio of 2.23. Greif has a 52-week low of $29.85 and a 52-week high of $50.37. The company has a market cap of $2.21 billion, a P/E ratio of 11.72, a P/E/G ratio of 1.51 and a beta of 1.43. The stock’s fifty day moving average is $44.04 and its 200-day moving average is $38.51.
Greif (NYSE:GEF) last posted its quarterly earnings data on Wednesday, December 4th. The industrial products company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.13. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.26 billion. Greif had a net margin of 3.72% and a return on equity of 20.02%. The business’s quarterly revenue was up 24.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.53 earnings per share. Equities research analysts expect that Greif will post 3.76 earnings per share for the current year.
In related news, CFO Lawrence A. Hilsheimer acquired 3,863 shares of the stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of $44.86 per share, for a total transaction of $173,294.18. Following the completion of the purchase, the chief financial officer now owns 104,445 shares in the company, valued at approximately $4,685,402.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 13.56% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Greif by 19.8% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 6,954 shares of the industrial products company’s stock valued at $226,000 after acquiring an additional 1,151 shares during the period. Laurion Capital Management LP raised its holdings in shares of Greif by 8.2% in the second quarter. Laurion Capital Management LP now owns 17,745 shares of the industrial products company’s stock valued at $578,000 after buying an additional 1,349 shares during the last quarter. Dupont Capital Management Corp raised its holdings in shares of Greif by 92.0% in the third quarter. Dupont Capital Management Corp now owns 4,142 shares of the industrial products company’s stock valued at $157,000 after buying an additional 1,985 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Greif by 43.4% in the third quarter. SG Americas Securities LLC now owns 6,903 shares of the industrial products company’s stock valued at $262,000 after buying an additional 2,088 shares during the last quarter. Finally, Commonwealth Bank of Australia raised its holdings in shares of Greif by 57.8% in the second quarter. Commonwealth Bank of Australia now owns 7,100 shares of the industrial products company’s stock valued at $231,000 after buying an additional 2,600 shares during the last quarter. Institutional investors and hedge funds own 46.07% of the company’s stock.
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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