Greif, Inc. (NYSE:GEF) Receives $80.00 Consensus Price Target from Brokerages

Shares of Greif, Inc. (NYSE:GEF) have been assigned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $80.00.

A number of equities analysts have recently commented on the company. Bank of America raised Greif from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $77.00 in a report on Monday, June 17th. Truist Financial lowered their price target on Greif from $71.00 to $69.00 and set a “hold” rating for the company in a report on Tuesday, July 16th. StockNews.com cut Greif from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th. Raymond James assumed coverage on Greif in a report on Friday, July 19th. They set a “market perform” rating for the company. Finally, Wells Fargo & Company boosted their price target on Greif from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, June 7th.

Institutional Investors Weigh In On Greif

Hedge funds and other institutional investors have recently bought and sold shares of the company. TFO Wealth Partners LLC grew its position in Greif by 162,700.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,628 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 1,627 shares during the last quarter. Bfsg LLC bought a new stake in shares of Greif in the 4th quarter valued at about $176,000. Quest Partners LLC bought a new stake in shares of Greif in the 4th quarter valued at about $192,000. Sequoia Financial Advisors LLC bought a new stake in shares of Greif in the 4th quarter valued at about $229,000. Finally, Meritage Portfolio Management grew its position in shares of Greif by 5.4% in the 4th quarter. Meritage Portfolio Management now owns 3,609 shares of the industrial products company’s stock valued at $237,000 after buying an additional 186 shares during the last quarter. Institutional investors own 45.74% of the company’s stock.

Greif Price Performance

Shares of NYSE GEF opened at $64.45 on Friday. The stock has a market capitalization of $3.04 billion, a PE ratio of 13.86 and a beta of 0.92. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.57 and a quick ratio of 1.17. The business has a fifty day moving average price of $61.54 and a two-hundred day moving average price of $62.98. Greif has a fifty-two week low of $55.95 and a fifty-two week high of $76.00.

Greif (NYSE:GEF) last announced its quarterly earnings data on Wednesday, June 5th. The industrial products company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.05. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Greif had a return on equity of 15.57% and a net margin of 5.17%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.77 EPS. As a group, equities analysts predict that Greif will post 4.45 earnings per share for the current fiscal year.

Greif Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Tuesday, June 18th were given a dividend of $0.52 per share. The ex-dividend date was Tuesday, June 18th. This represents a $2.08 dividend on an annualized basis and a yield of 3.23%. Greif’s dividend payout ratio is currently 44.73%.

About Greif

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.