Brokerages Set Greif, Inc. (NYSE:GEF) PT at $73.50

Greif, Inc. (NYSE:GEF) has been given a consensus recommendation of “Hold” by the five ratings firms that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $73.50.

Several research firms recently commented on GEF. Wells Fargo & Company cut their price objective on shares of Greif from $76.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, March 20th. Truist Financial cut their price objective on shares of Greif from $79.00 to $78.00 and set a “hold” rating on the stock in a research report on Monday, May 4th. Finally, Zacks Research raised shares of Greif from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 21st.

Insider Buying and Selling

In related news, SVP Timothy Bergwall sold 2,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $67.66, for a total value of $135,320.00. Following the sale, the senior vice president directly owned 67,832 shares of the company’s stock, valued at approximately $4,589,513.12. The trade was a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 6,000 shares of company stock valued at $411,140. Insiders own 7.70% of the company’s stock.

Institutional Investors Weigh In On Greif

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd lifted its position in Greif by 106.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 616 shares of the industrial products company’s stock worth $42,000 after buying an additional 317 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Greif by 33.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 689 shares of the industrial products company’s stock worth $47,000 after buying an additional 172 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in Greif during the 4th quarter worth about $84,000. Simplex Trading LLC lifted its position in Greif by 399.5% during the 4th quarter. Simplex Trading LLC now owns 1,853 shares of the industrial products company’s stock worth $125,000 after buying an additional 1,482 shares in the last quarter. Finally, Man Group plc bought a new stake in Greif during the 4th quarter worth about $201,000. 45.74% of the stock is owned by institutional investors.

Greif Price Performance

Shares of GEF stock opened at $63.26 on Monday. Greif has a 12-month low of $54.48 and a 12-month high of $77.14. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 0.66 and a beta of 0.82. The company has a quick ratio of 1.00, a current ratio of 1.28 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average of $66.28 and a 200-day moving average of $68.21.

Greif (NYSE:GEF) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.06). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. Greif had a net margin of 7.27% and a return on equity of 7.50%. Greif’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the firm earned $1.19 EPS. On average, equities research analysts forecast that Greif will post 3.87 earnings per share for the current year.

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.