Greif, Inc. (NYSE:GEF) Receives $79.40 Average Price Target from Analysts

Shares of Greif, Inc. (NYSE:GEF) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $79.40.

A number of research firms have recently weighed in on GEF. Stifel Nicolaus restated a “buy” rating and issued a $88.00 price target on shares of Greif in a research note on Monday, August 26th. Wells Fargo & Company reduced their price target on shares of Greif from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Monday, August 26th. Truist Financial reiterated a “hold” rating and set a $67.00 target price (down from $69.00) on shares of Greif in a research report on Friday, August 30th. Bank of America cut their target price on shares of Greif from $77.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, Sidoti assumed coverage on shares of Greif in a research report on Wednesday, November 20th. They set a “buy” rating and a $93.00 target price on the stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its holdings in Greif by 4.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 784,004 shares of the industrial products company’s stock worth $49,126,000 after purchasing an additional 30,192 shares during the last quarter. William Blair Investment Management LLC raised its holdings in Greif by 17.6% during the 2nd quarter. William Blair Investment Management LLC now owns 540,330 shares of the industrial products company’s stock worth $31,053,000 after purchasing an additional 80,754 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Greif by 9.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 524,637 shares of the industrial products company’s stock worth $32,874,000 after purchasing an additional 44,473 shares during the last quarter. AQR Capital Management LLC raised its holdings in Greif by 16.7% during the 2nd quarter. AQR Capital Management LLC now owns 372,040 shares of the industrial products company’s stock worth $21,381,000 after purchasing an additional 53,110 shares during the last quarter. Finally, Systematic Financial Management LP raised its holdings in Greif by 15.5% during the 3rd quarter. Systematic Financial Management LP now owns 302,552 shares of the industrial products company’s stock worth $18,958,000 after purchasing an additional 40,494 shares during the last quarter. Institutional investors own 45.74% of the company’s stock.

Greif Trading Down 1.4 %

GEF opened at $70.80 on Thursday. The company’s 50 day moving average is $64.59 and its 200-day moving average is $62.71. Greif has a 1-year low of $55.95 and a 1-year high of $73.16. The company has a current ratio of 1.70, a quick ratio of 1.28 and a debt-to-equity ratio of 1.35. The company has a market cap of $3.34 billion, a P/E ratio of 15.39 and a beta of 0.91.

Greif (NYSE:GEF) last posted its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.14). Greif had a net margin of 4.99% and a return on equity of 13.28%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.43 billion. Equities research analysts predict that Greif will post 4.2 earnings per share for the current fiscal year.

Greif Company Profile

Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. The company operates through Global Industrial Packaging; Paper Packaging & Services; and Land Management segments. The Global Industrial Packaging segment produces and sells industrial packaging products, including steel, fiber, and plastic drums; rigid and flexible intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services to chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceuticals, mineral product, and other industries.