Greif (NYSE:GEF – Get Free Report) had its price target boosted by equities researchers at Wells Fargo & Company from $74.00 to $90.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 3.81% from the stock’s previous close.
Several other equities analysts have also issued reports on GEF. Bank of America lowered Greif from a “neutral” rating to an “underperform” rating and set a $70.00 price target on the stock. in a research note on Tuesday, July 14th. Zacks Research raised shares of Greif from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. Truist Financial cut their price objective on Greif from $79.00 to $78.00 and set a “hold” rating for the company in a research report on Monday, May 4th. Finally, Weiss Ratings upgraded shares of Greif from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $78.25.
Check Out Our Latest Report on GEF
Greif Price Performance
Greif (NYSE:GEF – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.50. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Greif had a net margin of 7.53% and a return on equity of 8.09%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 earnings per share. On average, sell-side analysts predict that Greif will post 3.81 EPS for the current year.
Insider Buying and Selling at Greif
In other news, SVP Timothy Bergwall sold 2,000 shares of the stock in a transaction on Friday, July 10th. The shares were sold at an average price of $73.14, for a total transaction of $146,280.00. Following the completion of the sale, the senior vice president owned 63,832 shares of the company’s stock, valued at $4,668,672.48. This represents a 3.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,000 shares of company stock valued at $412,120 in the last ninety days. 7.70% of the stock is owned by corporate insiders.
Institutional Trading of Greif
Hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd increased its stake in Greif by 106.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 616 shares of the industrial products company’s stock valued at $42,000 after buying an additional 317 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of 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 acquiring an additional 172 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of Greif in the fourth quarter valued at $84,000. Simplex Trading LLC raised its holdings in Greif by 399.5% in the 4th quarter. Simplex Trading LLC now owns 1,853 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 1,482 shares during the period. Finally, Leonteq Securities AG bought a new position in Greif in the 1st quarter valued at about $201,000. 45.74% of the stock is currently owned by institutional investors and hedge funds.
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.
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