Greif, Inc. (NYSE:GEF) Receives $78.67 Consensus Price Target from Analysts

Greif, Inc. (NYSE:GEF) has earned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $78.67.

GEF has been the topic of a number of analyst reports. Sidoti assumed coverage on shares of Greif in a research report on Wednesday, November 20th. They set a “buy” rating and a $93.00 price objective on the stock. Robert W. Baird upped their price target on shares of Greif from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Wells Fargo & Company decreased their price objective on shares of Greif from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. Truist Financial restated a “hold” rating and set a $67.00 target price (down previously from $69.00) on shares of Greif in a research report on Friday, August 30th. Finally, Bank of America reduced their price target on Greif from $77.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, August 30th.

Institutional Investors Weigh In On Greif

Institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP grew its position in shares of Greif by 71.9% during the 2nd quarter. Quarry LP now owns 545 shares of the industrial products company’s stock worth $31,000 after buying an additional 228 shares in the last quarter. Innealta Capital LLC bought a new position in Greif during the 2nd quarter worth about $64,000. DekaBank Deutsche Girozentrale grew its holdings in Greif by 80.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,258 shares of the industrial products company’s stock worth $73,000 after acquiring an additional 561 shares in the last quarter. nVerses Capital LLC purchased a new position in Greif during the 2nd quarter valued at about $80,000. Finally, Quest Partners LLC raised its holdings in shares of Greif by 27,766.7% in the 2nd quarter. Quest Partners LLC now owns 1,672 shares of the industrial products company’s stock valued at $96,000 after purchasing an additional 1,666 shares in the last quarter. 45.74% of the stock is owned by institutional investors.

Greif Price Performance

Shares of NYSE:GEF opened at $60.32 on Monday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.14 and a current ratio of 1.53. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 1.19 and a beta of 0.92. The firm has a fifty day moving average price of $66.51 and a 200 day moving average price of $63.14. Greif has a fifty-two week low of $55.95 and a fifty-two week high of $73.16.

Greif (NYSE:GEF) last released its quarterly earnings data on Wednesday, December 4th. The industrial products company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.23). Greif had a net margin of 4.81% and a return on equity of 11.85%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the business earned $1.56 EPS. Greif’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, sell-side analysts expect that Greif will post 4.49 earnings per share for the current fiscal year.

Greif Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Monday, December 16th will be issued a $0.54 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.58%. Greif’s payout ratio is 47.79%.

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.