Greif (NYSE: GEF – Get Ratings ) The stock was downgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “underperform” rating in a report issued on Sunday.
A number of other research firms also recently weighed in on GEF. Wells Fargo & Company decreased their target price on shares of Greif from $71.00 to $63.00 and set an “equal weight” rating for the company in a research report on Thursday, October 6th. Bank of America downgraded shares of Greif from a “buy” rating to an “underperform” rating and cut their price target for the company from $80.00 to $67.00 in a research report on Thursday, October 13th. StockNews.com downgraded shares of Greif from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Finally, Stifel Nicolaus assumed coverage on shares of Greif in a research report on Friday, September 2nd. They set a “buy” rating and a $90.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Greif has an average rating of “Hold” and a consensus price target of $69.60, according to MarketBeat .
Greif Price Performance
Shares of GEF stock were sold at $2.20 on Friday and reached $69.05. The company had a trading volume of 152,921 shares, compared to its average volume of 289,870. The business’s 50-day moving average is $64.86 and its 200-day moving average is $63.96. It has a market capitalization of $3.29 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 0.83 and a beta of 0.94. Greif has a one year low of $53.65 and a one year high of $72.79. The company has a quick ratio of 1.05, a current ratio of 1.48 and a debt-to-equity ratio of 1.14.
Greif (NYSE:GEF – Get Rating ) last posted its quarterly earnings data on Wednesday, August 31st. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.37. The business had revenue of $1.62 billion in the quarter, compared to analyst estimates of $1.60 billion. Greif had a net margin of 5.93% and a return on equity of 29.00%. The company’s quarterly revenue was up 8.8 percent year-on-year. In the same quarter last year, the business earned $1.93 EPS. equities research analysts predict that Greif will post 8.02 EPS for the current fiscal year.
Insider action in Greif
In related news, Director Vicki L. Avril-Groves sold 2,400 shares of Greif stock in a transaction on Monday, September 12th. Shares were sold at a price of $69.16 for a total of $165,984.00. Following the completion of the sale, the manager now owns 40,246 shares of the company’s stock, valued at $2,783,413.36. The transaction was disclosed in a statutory filing with the SEC, which is accessible through the SEC’s website. In other news, major shareholder Nicholas Joseph Petitti sold 27,696 shares of Greif stock in a transaction on Monday, August 8th. The stock traded at an average price of $69.37, for a total of $1,921,271.52. Following the sale, the insider now directly owns 19,591 shares in the company, valued at $1,359,027.67. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. Also, Director Vicki L. Avril-Groves sold 2,400 shares of Greif stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $69.16, for a total value of $165,984.00. Following the sale, the director now owns 40,246 shares of the company’s stock, valued at $2,783,413.36. The announcement for this sale can be found here. In the last 90 days, insiders have sold 63,271 shares of company stock valued at $4,432,319. 2.59% of the stock is owned by company insiders.
Institutional Investors are weighing on Greif
Major investors have recently added to or reduced their stakes in the company. Robeco Institutional Asset Management BV bought a new position in Greif during the 3rd quarter worth about $78,000. Strs Ohio bought a new position in Greif in the 3rd quarter worth about $291,000. Wipfli Financial Advisors LLC purchased a new position in Greif in the 3rd quarter valued at about $61,000. Twelve Points Wealth Management LLC boosted its holdings in Greif by 4.3% in the 3rd quarter. Twelve Points Wealth Management LLC now owns 15,817 shares of the industrial products company’s stock valued at $942,000 after purchasing an additional 653 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in Greif during the 3rd quarter worth approximately $423,000. Hedge funds and other institutional investors own 47.04% of the company’s stock.
Greif, Inc is engaged in the worldwide production and sale of industrial packaging products and services. It operates in three divisions: Global Industrial Packaging; Paper Packaging & Services; and Land Administration. The Global Industrial Packaging segment manufactures and sells industrial packaging products, including steel, fiber, and plastic drums; hard and soft medium bulk containers; sealing systems for industrial packaging products; transit protection products; recycled and remanufactured water bottles, and industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services for chemicals, dyes and pigments, food and beverages, petroleum, industrial fibers, agriculture, pharmaceuticals, mineral products, and other industries.
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