Brokerages Set Greif, Inc. (NYSE:GEF) Price Target at $79.40

Shares of Greif, Inc. (NYSE:GEF) have earned a consensus rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $79.40.

A number of analysts recently commented on the company. Truist Financial reaffirmed a “hold” rating and set a $67.00 price objective (down previously from $69.00) on shares of Greif in a research note on Friday, August 30th. Bank of America lowered their price target on shares of Greif from $77.00 to $73.00 and set a “buy” rating for the company in a report on Friday, August 30th. Stifel Nicolaus reissued a “buy” rating and set a $88.00 price objective on shares of Greif in a research note on Monday, August 26th. Wells Fargo & Company lowered their target price on shares of Greif from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. Finally, Sidoti started coverage on Greif in a report on Wednesday, November 20th. They issued a “buy” rating and a $93.00 price target for the company.

Greif Price Performance

Shares of NYSE GEF opened at $72.15 on Thursday. 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’s 50-day moving average price is $64.39 and its 200 day moving average price is $62.66. Greif has a 52 week low of $55.95 and a 52 week high of $73.16. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 15.68 and a beta of 0.91.

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

Institutional Trading of Greif

Several institutional investors have recently made changes to their positions in the stock. Quarry LP grew its position in Greif by 71.9% during the second quarter. Quarry LP now owns 545 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 228 shares during the period. Innealta Capital LLC acquired a new position in shares of Greif in the 2nd quarter valued at about $64,000. DekaBank Deutsche Girozentrale grew its holdings in shares of Greif by 80.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,258 shares of the industrial products company’s stock worth $73,000 after purchasing an additional 561 shares during the period. nVerses Capital LLC acquired a new stake in Greif during the 2nd quarter worth approximately $80,000. Finally, Quest Partners LLC raised its holdings in Greif by 27,766.7% in the second quarter. Quest Partners LLC now owns 1,672 shares of the industrial products company’s stock valued at $96,000 after buying an additional 1,666 shares during the period. 45.74% of the stock is owned by hedge funds and other institutional investors.

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.