KeyCorp reissued their sell rating on shares of Greif (NYSE:GEF) in a research report report published on Tuesday. They currently have a $47.00 price target on the industrial products company’s stock.
“Wednesday, Feb. 28. We are reducing our F1Q18 adj. EBITDA estimate on account of cost inflation, despite continued muted old corrugated container (OCC) costs. We are also reducing our FY18 adj. EBITDA estimate despite a potential substantial OCC benefit compared to its previous guidance. GEF’s FY18 adjusted EPS outlook should get a boost from a lower effective tax rate (thanks to the Tax Act), but we think the EBITDA outlook is less rosy. Key Investment Points Other than a lower tax rate, the one obvious benefit to GEF’s previous FY18 adj. Class A EPS guidance of $3.25-$3.55 should be lower OCC prices. GEF assumed index prices of $113/ton in November, December, and January before rising throughout the rest of its FY18 for an average OCC cost of $152/ton. Rather than rising in February, prices fell in the Southeast by $5/ton, and they’re likely to fall by another $5-10/ton in March.”,” KeyCorp’s analyst commented.
Other research analysts also recently issued reports about the stock. DA Davidson upgraded shares of Greif from a neutral rating to a buy rating and set a $74.00 target price for the company in a research report on Thursday, December 7th. Robert W. Baird restated a buy rating and set a $66.00 target price on shares of Greif in a research report on Friday, November 10th. Bank of America upgraded shares of Greif from a neutral rating to a buy rating and set a $70.00 target price for the company in a research report on Tuesday, January 2nd. They noted that the move was a valuation call. BMO Capital Markets restated a hold rating and set a $57.00 target price on shares of Greif in a research report on Wednesday, December 13th. Finally, Zacks Investment Research downgraded shares of Greif from a hold rating to a sell rating in a research report on Thursday, November 30th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $64.00.
Greif (GEF) opened at $56.66 on Tuesday. The stock has a market cap of $2,729.39, a price-to-earnings ratio of 28.05, a P/E/G ratio of 1.93 and a beta of 1.21. Greif has a 1 year low of $50.94 and a 1 year high of $65.60. The company has a current ratio of 1.45, a quick ratio of 1.04 and a debt-to-equity ratio of 0.90.
Greif (NYSE:GEF) last posted its earnings results on Wednesday, December 6th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.09. The company had revenue of $968.00 million during the quarter, compared to the consensus estimate of $931.96 million. Greif had a net margin of 3.26% and a return on equity of 17.06%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 earnings per share. equities analysts anticipate that Greif will post 3.4 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of the business. Two Sigma Investments LP raised its position in shares of Greif by 1,828.5% in the fourth quarter. Two Sigma Investments LP now owns 212,853 shares of the industrial products company’s stock worth $12,895,000 after acquiring an additional 201,816 shares during the period. AXA raised its position in shares of Greif by 39.4% in the fourth quarter. AXA now owns 190,100 shares of the industrial products company’s stock worth $11,516,000 after acquiring an additional 53,700 shares during the period. Alambic Investment Management L.P. raised its position in shares of Greif by 20.2% in the fourth quarter. Alambic Investment Management L.P. now owns 187,311 shares of the industrial products company’s stock worth $11,347,000 after acquiring an additional 31,495 shares during the period. Two Sigma Advisers LP raised its position in shares of Greif by 71.3% in the fourth quarter. Two Sigma Advisers LP now owns 102,720 shares of the industrial products company’s stock worth $6,223,000 after acquiring an additional 42,756 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Greif by 196.2% in the fourth quarter. American Century Companies Inc. now owns 86,530 shares of the industrial products company’s stock worth $5,242,000 after acquiring an additional 57,317 shares during the period. Institutional investors and hedge funds own 47.39% of the company’s stock.
Greif Company Profile
Greif, Inc is a producer of industrial packaging products and services. The Company’s segments are Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services, and Land Management. The Rigid Industrial Packaging & Services segment is engaged in the production and sale of rigid industrial packaging products, and services, such as container life cycle management, filling, logistics, warehousing and other packaging services.
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