Greif, Inc. (NYSE:GEF) Receives $83.00 Consensus PT from Brokerages

Greif, Inc. (NYSE:GEFGet Free Report) has been given a consensus recommendation of “Hold” by the five ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $83.00.

Several research firms have weighed in on GEF. Weiss Ratings upgraded Greif from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Bank of America cut Greif from a “neutral” rating to an “underperform” rating and set a $70.00 price objective for the company. in a research note on Tuesday, July 14th. Wall Street Zen upgraded Greif from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Truist Financial reiterated a “hold” rating and issued a $97.00 price target (up from $78.00) on shares of Greif in a report on Tuesday, August 4th. Finally, Wells Fargo & Company lifted their price objective on shares of Greif from $74.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th.

Get Our Latest Stock Report on GEF

Insider Activity at Greif

In other Greif news, CFO Lawrence Hilsheimer sold 21,500 shares of Greif stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $88.66, for a total transaction of $1,906,190.00. Following the completion of the transaction, the chief financial officer owned 25,825 shares in the company, valued at approximately $2,289,644.50. This trade represents a 45.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Timothy Bergwall sold 2,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $87.06, for a total value of $174,120.00. Following the completion of the transaction, the senior vice president directly owned 55,832 shares of the company’s stock, valued at approximately $4,860,733.92. This trade represents a 3.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 98,987 shares of company stock worth $8,608,418 in the last three months. Company insiders own 7.70% of the company’s stock.

Hedge Funds Weigh In On Greif

Institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its holdings in Greif by 106.0% during the fourth 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. increased its holdings in Greif by 33.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 689 shares of the industrial products company’s stock valued at $47,000 after buying an additional 172 shares in the last quarter. Simplex Trading LLC increased its holdings in Greif by 399.5% in the fourth quarter. Simplex Trading LLC now owns 1,853 shares of the industrial products company’s stock valued at $125,000 after buying an additional 1,482 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of Greif in the first quarter worth about $201,000. Finally, Man Group plc acquired a new position in shares of Greif in the fourth quarter worth about $201,000. 45.74% of the stock is owned by hedge funds and other institutional investors.

Greif Trading Down 0.1%

Shares of Greif stock opened at $84.94 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. Greif has a 12-month low of $55.75 and a 12-month high of $90.57. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 0.75 and a beta of 0.74. The firm’s 50 day simple moving average is $81.57 and its two-hundred day simple moving average is $72.60.

Greif (NYSE:GEFGet Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.11 by $0.50. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.12 billion. Greif had a net margin of 7.53% and a return on equity of 8.09%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 earnings per share. Analysts predict that Greif will post 4.3 EPS for the current year.

Greif Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 17th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, September 17th. Greif’s dividend payout ratio is presently 77.74%.

Greif Company Profile

(Get Free Report)

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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Analyst Recommendations for Greif (NYSE:GEF)

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