Greif, Inc. (NYSE:GEF) Receives Average Rating of “Hold” from Brokerages

by · The Markets Daily

Greif, Inc. (NYSE:GEF – Get Free Report) has earned an average recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $69.50.

A number of analysts recently weighed in on the company. Truist Financial decreased their price objective on Greif from $72.00 to $71.00 and set a “hold” rating for the company in a report on Monday, September 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Greif in a research note on Wednesday, October 8th. Zacks Research lowered Greif from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Wells Fargo & Company increased their target price on shares of Greif from $67.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Finally, Wall Street Zen upgraded shares of Greif from a “sell” rating to a “hold” rating in a research report on Saturday.

Check Out Our Latest Stock Analysis on Greif

Greif Trading Up 0.2%

GEF opened at $65.47 on Monday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.41 and a quick ratio of 1.18. Greif has a fifty-two week low of $48.23 and a fifty-two week high of $70.47. The company’s 50 day moving average price is $60.50 and its two-hundred day moving average price is $62.51. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 2.41 and a beta of 0.95.

Insider Activity at Greif

In related news, CFO Lawrence A. Hilsheimer sold 33,851 shares of the company’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $59.58, for a total transaction of $2,016,842.58. Following the sale, the chief financial officer owned 66,826 shares in the company, valued at $3,981,493.08. This represents a 33.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gary R. Martz sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $60.48, for a total value of $302,400.00. Following the sale, the executive vice president directly owned 28,100 shares of the company’s stock, valued at $1,699,488. This represents a 15.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have bought 32,293 shares of company stock worth $2,145,733 and have sold 53,851 shares worth $3,227,003. 7.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Greif

Institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Greif by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 596,557 shares of the industrial products company’s stock worth $32,805,000 after acquiring an additional 27,832 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Greif by 21.7% during the second quarter. Envestnet Asset Management Inc. now owns 131,131 shares of the industrial products company’s stock worth $8,522,000 after purchasing an additional 23,422 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Greif in the 2nd quarter worth about $1,061,000. American Century Companies Inc. bought a new position in shares of Greif during the 1st quarter valued at about $1,167,000. Finally, UniSuper Management Pty Ltd purchased a new position in shares of Greif during the 1st quarter valued at about $654,000. 45.74% of the stock is currently owned by institutional investors.

Greif Company Profile

(Get Free Report)

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