Greif, Inc. (NYSE:GEF)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $30.10 and last traded at $30.28, with a volume of 1933 shares trading hands. The stock had previously closed at $30.89.
GEF has been the topic of a number of recent analyst reports. Bank of America set a $37.00 price objective on Greif and gave the company a “sell” rating in a research note on Friday, June 7th. Zacks Investment Research raised Greif from a “sell” rating to a “hold” rating and set a $37.00 price objective on the stock in a research note on Thursday, May 30th. TheStreet downgraded Greif from a “b-” rating to a “c+” rating in a research note on Friday, June 14th. Finally, Wells Fargo & Co set a $40.00 price objective on Greif and gave the company a “hold” rating in a research note on Friday, June 7th. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company currently has a consensus rating of “Sell” and an average target price of $36.88.
The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 8.53, a P/E/G ratio of 1.01 and a beta of 1.35. The business’s 50-day moving average price is $33.99. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.67 and a quick ratio of 1.15.
Greif (NYSE:GEF) last issued its earnings results on Wednesday, June 5th. The industrial products company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.02. Greif had a return on equity of 19.11% and a net margin of 3.68%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the company posted $0.76 EPS. The firm’s revenue was up 25.3% compared to the same quarter last year. As a group, analysts anticipate that Greif, Inc. will post 3.79 earnings per share for the current fiscal year.
In related news, CFO Lawrence A. Hilsheimer acquired 3,450 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was purchased at an average cost of $33.76 per share, with a total value of $116,472.00. Following the acquisition, the chief financial officer now owns 108,090 shares of the company’s stock, valued at approximately $3,649,118.40. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark A. Emkes acquired 1,190 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were bought at an average cost of $32.75 per share, with a total value of $38,972.50. Following the completion of the acquisition, the director now directly owns 31,532 shares in the company, valued at approximately $1,032,673. The disclosure for this purchase can be found here. Insiders purchased a total of 20,358 shares of company stock valued at $670,275 over the last ninety days. 13.56% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. MCF Advisors LLC bought a new stake in Greif during the 2nd quarter worth approximately $33,000. AdvisorNet Financial Inc bought a new stake in Greif during the 2nd quarter worth approximately $109,000. Quantamental Technologies LLC bought a new stake in Greif during the 1st quarter worth approximately $122,000. SG Americas Securities LLC bought a new stake in Greif during the 2nd quarter worth approximately $157,000. Finally, Denali Advisors LLC bought a new stake in Greif during the 2nd quarter worth approximately $199,000. 48.16% of the stock is owned by hedge funds and other institutional investors.
Greif Company Profile (NYSE:GEF)
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.
Further Reading: What is Considered a Good Return on Equity (ROE)?
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.