Greif (GEF) Set to Announce Earnings on Wednesday

Greif (NYSE:GEF) is set to post its quarterly earnings results after the market closes on Wednesday, December 4th. Analysts expect Greif to post earnings of $1.08 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Greif Trading Up 0.3 %

Shares of GEF stock opened at $71.03 on Monday. Greif has a fifty-two week low of $55.95 and a fifty-two week high of $73.16. The company has a 50 day moving average price of $65.06 and a 200 day moving average price of $62.87. The stock has a market capitalization of $3.35 billion, a P/E ratio of 15.44 and a beta of 0.91. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.28 and a current ratio of 1.70.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Sidoti initiated coverage on Greif in a research note on Wednesday, November 20th. They issued a “buy” rating and a $93.00 price objective on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $88.00 price objective on shares of Greif in a research note on Monday, August 26th. Wells Fargo & Company cut their target price 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. Bank of America decreased their price target on shares of Greif from $77.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, Truist Financial restated a “hold” rating and issued a $67.00 price objective (down from $69.00) on shares of Greif in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Greif has a consensus rating of “Moderate Buy” and a consensus price target of $79.40.

About Greif

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.