Brokerages Set Greif, Inc. (NYSE:GEF) Price Target at $72.50

Greif, Inc. (NYSE:GEF) has earned an average recommendation of “Hold” from the six brokerages that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating. The average twelve-month price target among analysts that have covered the stock in the last year is $72.50.

Several analysts have commented on the stock. Wall Street Zen raised shares of Greif from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Greif in a research report on Wednesday, October 8th. Truist Financial increased their target price on Greif from $71.00 to $79.00 and gave the stock a “hold” rating in a research report on Tuesday, January 6th. Wells Fargo & Company restated an “equal weight” rating and issued a $72.00 price target (up previously from $68.00) on shares of Greif in a report on Tuesday, January 6th. Finally, Zacks Research raised shares of Greif from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th.

Insider Activity at Greif

In other news, CEO Ole G. Rosgaard sold 9,733 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $70.24, for a total transaction of $683,645.92. Following the completion of the sale, the chief executive officer directly owned 64,707 shares of the company’s stock, valued at $4,545,019.68. The trade was a 13.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Timothy Bergwall sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $64.98, for a total value of $129,960.00. Following the sale, the senior vice president owned 60,678 shares of the company’s stock, valued at approximately $3,942,856.44. The trade was a 3.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have bought 32,293 shares of company stock valued at $2,145,733 and have sold 70,584 shares valued at $4,408,749. Company insiders own 7.70% of the company’s stock.

Hedge Funds Weigh In On Greif

Several hedge funds and other institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans raised its holdings in Greif by 6.5% in the third quarter. Thrivent Financial for Lutherans now owns 895,344 shares of the industrial products company’s stock valued at $53,506,000 after buying an additional 54,256 shares during the period. Deprince Race & Zollo Inc. raised its stake in shares of Greif by 10.5% in the 4th quarter. Deprince Race & Zollo Inc. now owns 837,742 shares of the industrial products company’s stock valued at $56,715,000 after acquiring an additional 79,813 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Greif by 75.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 524,603 shares of the industrial products company’s stock valued at $31,352,000 after acquiring an additional 225,659 shares during the period. Medina Value Partners LLC lifted its holdings in shares of Greif by 19.3% during the 3rd quarter. Medina Value Partners LLC now owns 372,250 shares of the industrial products company’s stock valued at $22,246,000 after acquiring an additional 60,338 shares in the last quarter. Finally, Systematic Financial Management LP boosted its position in Greif by 0.9% during the 2nd quarter. Systematic Financial Management LP now owns 312,534 shares of the industrial products company’s stock worth $20,312,000 after purchasing an additional 2,817 shares during the period. 45.74% of the stock is owned by institutional investors and hedge funds.

Greif Stock Performance

Shares of NYSE GEF opened at $72.16 on Tuesday. The company has a market cap of $3.43 billion, a PE ratio of 22.91, a price-to-earnings-growth ratio of 0.53 and a beta of 0.96. Greif has a 12 month low of $48.23 and a 12 month high of $72.54. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.41 and a quick ratio of 1.18. The company has a 50-day simple moving average of $68.19 and a 200-day simple moving average of $64.33.

Greif Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Thursday, December 18th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $2.24 annualized dividend and a yield of 3.1%. Greif’s dividend payout ratio is 71.11%.

About Greif

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.