Greif (NYSE:GEF) Upgraded by StockNews.com to “Strong-Buy”

Greif (NYSE:GEFGet Rating) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday.

Several other analysts have also recently commented on GEF. BMO Capital Markets cut Greif from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $71.00 to $52.00 in a research report on Friday, May 27th. Bank of America raised Greif from an “underperform” rating to a “buy” rating and raised their target price for the stock from $74.00 to $77.00 in a research report on Friday, March 25th. Finally, Wells Fargo & Company lifted their price objective on Greif from $71.00 to $73.00 and gave the company an “overweight” rating in a research report on Monday, June 13th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Greif presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

Shares of GEF stock opened at $63.03 on Wednesday. Greif has a 1 year low of $53.65 and a 1 year high of $72.00. The stock has a market cap of $3.07 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 0.78 and a beta of 0.99. The business’s fifty day moving average is $60.71 and its 200-day moving average is $60.24. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.02 and a current ratio of 1.44.

Greif (NYSE:GEFGet Rating) last issued its earnings results on Wednesday, June 8th. The industrial products company reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.70. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Greif had a return on equity of 28.42% and a net margin of 5.60%. The company’s quarterly revenue was up 24.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.13 EPS. Equities research analysts predict that Greif will post 7.63 earnings per share for the current year.

In other Greif news, EVP Bala Sathyanarayanan purchased 450 shares of the business’s stock in a transaction on Thursday, April 7th. The stock was purchased at an average price of $58.76 per share, for a total transaction of $26,442.00. Following the completion of the purchase, the executive vice president now directly owns 10,828 shares in the company, valued at $636,253.28. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.59% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. increased its position in Greif by 0.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,384,944 shares of the industrial products company’s stock valued at $90,104,000 after acquiring an additional 7,162 shares in the last quarter. Victory Capital Management Inc. acquired a new position in Greif during the 1st quarter valued at about $19,616,000. Invesco Ltd. lifted its holdings in Greif by 6.2% in the first quarter. Invesco Ltd. now owns 209,086 shares of the industrial products company’s stock valued at $13,604,000 after buying an additional 12,119 shares during the period. Prudential Financial Inc. boosted its stake in Greif by 16.8% in the first quarter. Prudential Financial Inc. now owns 202,618 shares of the industrial products company’s stock valued at $13,183,000 after acquiring an additional 29,187 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Greif by 2.2% during the first quarter. Nordea Investment Management AB now owns 133,832 shares of the industrial products company’s stock worth $8,694,000 after buying an additional 2,857 shares during the last quarter. 46.11% of the stock is owned by hedge funds and other institutional investors.

About Greif (Get Rating)

Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. It operates in three segments: Global Industrial Packaging; Paper Packaging & Services; and Land Management. 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.

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