Greif (GEF) PT Set at $63.00 by Bank of America
Greif (NYSE:GEF) has been given a $63.00 price objective by research analysts at Bank of America in a research report issued on Tuesday. The brokerage currently has a “buy” rating on the industrial products company’s stock. Bank of America’s price objective would indicate a potential upside of 15.60% from the company’s current price.
GEF has been the subject of several other research reports. KeyCorp restated a “sell” rating and set a $47.00 target price on shares of Greif in a research report on Tuesday, February 20th. BMO Capital Markets restated a “hold” rating and set a $57.00 target price on shares of Greif in a research report on Wednesday, December 13th. Zacks Investment Research lowered Greif from a “hold” rating to a “sell” rating in a research report 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 shares of 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 research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $62.60.
Greif (NYSE GEF) traded up $0.26 on Tuesday, reaching $54.50. The company had a trading volume of 282,239 shares, compared to its average volume of 221,527. The stock has a market capitalization of $2,569.85, a price-to-earnings ratio of 18.98, a P/E/G ratio of 1.82 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 current ratio of 1.65, a quick ratio of 1.12 and a debt-to-equity ratio of 0.90.
Several institutional investors have recently bought and sold shares of GEF. Crossmark Global Holdings Inc. bought a new stake in shares of Greif during the third quarter valued at approximately $216,000. Quantbot Technologies LP raised its stake in shares of Greif by 3,048.2% during the third quarter. Quantbot Technologies LP now owns 4,376 shares of the industrial products company’s stock valued at $256,000 after acquiring an additional 4,237 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of Greif by 150.9% during the third quarter. GSA Capital Partners LLP now owns 86,007 shares of the industrial products company’s stock valued at $5,035,000 after acquiring an additional 51,726 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Greif by 477.2% during the third quarter. Public Employees Retirement System of Ohio now owns 25,450 shares of the industrial products company’s stock valued at $1,490,000 after acquiring an additional 21,041 shares in the last quarter. Finally, Alpha Windward LLC raised its stake in shares of Greif by 16.7% during the fourth quarter. Alpha Windward LLC now owns 9,660 shares of the industrial products company’s stock valued at $585,000 after acquiring an additional 1,380 shares in the last quarter. 51.38% of the stock is owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: This article was originally published by Watch List News and is the property of of Watch List News. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.watchlistnews.com/bank-of-america-lowers-greif-gef-price-target-to-63-00/1927658.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.