Greif (NYSE:GEF) Price Target Raised to $71.00 at Truist Financial

Greif (NYSE:GEF) had its target price upped by stock analysts at Truist Financial from $67.00 to $71.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the industrial products company’s stock. Truist Financial’s target price would indicate a potential upside of 19.43% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Sidoti began coverage on Greif in a report on Wednesday, November 20th. They issued a “buy” rating and a $93.00 target price for the company. Robert W. Baird raised their target price on Greif from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $79.33.

Greif Stock Down 2.0 %

GEF stock opened at $59.45 on Monday. The stock’s 50 day moving average is $65.86 and its 200-day moving average is $63.09. Greif has a twelve month low of $55.95 and a twelve month high of $73.16. The firm has a market capitalization of $2.80 billion, a PE ratio of 13.15, a P/E/G ratio of 1.19 and a beta of 0.95. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 1.24.

Greif (NYSE:GEF) last posted its earnings results on Wednesday, December 4th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.23). Greif had a return on equity of 11.85% and a net margin of 4.81%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the company earned $1.56 EPS. The business’s revenue was up 8.3% compared to the same quarter last year. Sell-side analysts expect that Greif will post 4.38 EPS for the current fiscal year.

Insider Transactions at Greif

In related news, CFO Lawrence A. Hilsheimer bought 550 shares of the business’s stock in a transaction on Friday, December 20th. The stock was acquired at an average price of $67.88 per share, for a total transaction of $37,334.00. Following the purchase, the chief financial officer now directly owns 162,151 shares in the company, valued at $11,006,809.88. This trade represents a 0.34 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director B Andrew Rose bought 3,500 shares of Greif stock in a transaction on Friday, December 20th. The shares were bought at an average cost of $70.20 per share, with a total value of $245,700.00. Following the acquisition, the director now directly owns 3,500 shares in the company, valued at approximately $245,700. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 6,225 shares of company stock worth $431,731 over the last quarter. Corporate insiders own 3.07% of the company’s stock.

Hedge Funds Weigh In On Greif

A number of large investors have recently modified their holdings of GEF. Sanctuary Advisors LLC increased its holdings in Greif by 24.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 6,953 shares of the industrial products company’s stock worth $436,000 after acquiring an additional 1,344 shares during the period. MML Investors Services LLC increased its holdings in shares of Greif by 14.3% in the third quarter. MML Investors Services LLC now owns 15,830 shares of the industrial products company’s stock worth $992,000 after purchasing an additional 1,986 shares during the period. Zacks Investment Management bought a new position in shares of Greif in the third quarter worth $610,000. Stifel Financial Corp raised its position in shares of Greif by 97.0% in the third quarter. Stifel Financial Corp now owns 34,045 shares of the industrial products company’s stock worth $2,133,000 after buying an additional 16,759 shares in the last quarter. Finally, Systematic Financial Management LP boosted its stake in Greif by 15.5% during the third quarter. Systematic Financial Management LP now owns 302,552 shares of the industrial products company’s stock valued at $18,958,000 after buying an additional 40,494 shares during the period. 45.74% of the stock is currently owned by institutional investors.

Greif Company Profile

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.