Greif, Inc. (NYSE:GEF) Receives $73.50 Consensus Target Price from Analysts

Shares of Greif, Inc. (NYSE:GEF) have been given a consensus recommendation of “Hold” by the five research firms that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $73.50.

Several analysts recently commented on the stock. Zacks Research upgraded shares of Greif from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Wells Fargo & Company cut their target price on shares of Greif from $76.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, March 20th. Finally, Truist Financial cut their target price on shares of Greif from $79.00 to $78.00 and set a “hold” rating for the company in a research report on Monday, May 4th.

Greif Stock Down 0.1%

Shares of NYSE GEF opened at $63.26 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.28 and a debt-to-equity ratio of 0.24. Greif has a 52 week low of $54.48 and a 52 week high of $77.14. The firm has a 50-day moving average price of $66.28 and a 200 day moving average price of $68.28. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 0.65 and a beta of 0.80.

Greif (NYSE:GEF) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.06). Greif had a net margin of 7.27% and a return on equity of 7.50%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business earned $1.19 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Equities research analysts anticipate that Greif will post 3.87 EPS for the current fiscal year.

Insider Transactions at Greif

In other Greif news, SVP Timothy Bergwall sold 2,000 shares of Greif stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $67.66, for a total transaction of $135,320.00. Following the completion of the transaction, the senior vice president owned 67,832 shares in the company, valued at approximately $4,589,513.12. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,000 shares of company stock worth $411,140 in the last ninety days. Insiders own 7.70% of the company’s stock.

Hedge Funds Weigh In On Greif

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GEF. Caitong International Asset Management Co. Ltd raised its position in Greif by 106.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 616 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 317 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in Greif by 33.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 689 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 172 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in Greif during the fourth quarter worth about $84,000. Simplex Trading LLC raised its position in Greif by 399.5% during the fourth quarter. Simplex Trading LLC now owns 1,853 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 1,482 shares during the last quarter. Finally, Leonteq Securities AG acquired a new position in Greif during the first quarter worth about $201,000. Institutional investors and hedge funds own 45.74% of the company’s stock.

Greif Company Profile

Greif, Inc is a global leader in industrial packaging products and services, with a history dating back to its founding in 1877. Headquartered in Cleveland, Ohio, the company has evolved from a regional barrel and drum manufacturer into a diversified packaging provider serving a wide range of end markets. Greif’s longstanding heritage in container solutions has positioned it as a trusted partner for customers seeking reliable, high-quality packaging options.

The company’s core business revolves around the design, manufacture and sale of industrial packaging products, including steel, plastic and fiber drums; intermediate bulk containers (IBCs); safety closures; rigid, flexible and reconditioned packaging; containerboard and protective packaging.