Analysts Set Greif, Inc. (GEF) PT at $34.81

Shares of Greif, Inc. (NYSE:GEF) have received an average recommendation of “Sell” from the seven research firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $34.81.

A number of equities research analysts have issued reports on GEF shares. Zacks Investment Research lowered Greif from a “hold” rating to a “sell” rating in a research note on Monday, November 26th. Wells Fargo & Co cut their price target on Greif from $65.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, December 7th. BMO Capital Markets cut their price target on Greif to $53.00 and set an “outperform” rating for the company in a research note on Thursday, December 13th. KeyCorp reiterated an “underweight” rating and issued a $31.00 price target (down previously from $40.00) on shares of Greif in a research note on Thursday, December 20th. Finally, Robert W. Baird cut their price target on Greif from $55.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, December 21st.

In other news, CFO Lawrence A. Hilsheimer acquired 4,600 shares of the business’s stock in a transaction dated Friday, December 28th. The stock was purchased at an average price of $43.67 per share, for a total transaction of $200,882.00. Following the completion of the transaction, the chief financial officer now directly owns 31,861 shares in the company, valued at approximately $1,391,369.87. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Peter G. Watson acquired 10,000 shares of the business’s stock in a transaction dated Thursday, December 27th. The shares were purchased at an average price of $33.26 per share, with a total value of $332,600.00. Following the transaction, the chief executive officer now owns 51,299 shares of the company’s stock, valued at $1,706,204.74. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 22,601 shares of company stock valued at $836,916. Company insiders own 13.56% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Laurel Wealth Advisors LLC bought a new position in shares of Greif in the 4th quarter valued at about $26,000. Advisors Preferred LLC bought a new position in shares of Greif in the 4th quarter valued at about $71,000. Dupont Capital Management Corp bought a new position in shares of Greif in the 4th quarter valued at about $80,000. Point72 Hong Kong Ltd lifted its holdings in shares of Greif by 191.1% in the 3rd quarter. Point72 Hong Kong Ltd now owns 2,000 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 1,313 shares during the last quarter. Finally, First Citizens Bank & Trust Co. bought a new position in shares of Greif in the 4th quarter valued at about $209,000. 47.15% of the stock is owned by hedge funds and other institutional investors.

Greif stock traded down $1.43 during trading on Thursday, reaching $40.02. The company had a trading volume of 221,972 shares, compared to its average volume of 331,348. Greif has a 52 week low of $31.80 and a 52 week high of $62.75. The stock has a market cap of $1.92 billion, a P/E ratio of 11.34, a P/E/G ratio of 1.26 and a beta of 1.54. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.29 and a current ratio of 1.83.

Greif (NYSE:GEF) last announced its earnings results on Wednesday, February 27th. The industrial products company reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. Greif had a return on equity of 18.89% and a net margin of 4.72%. The company had revenue of $897.00 million for the quarter, compared to analysts’ expectations of $922.24 million. During the same period last year, the firm earned $0.96 EPS. Greif’s revenue for the quarter was down 1.0% compared to the same quarter last year. Analysts predict that Greif will post 3.67 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 18th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, March 15th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.40%. Greif’s payout ratio is 49.86%.

About Greif

Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.

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Analyst Recommendations for Greif (NYSE:GEF)

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