Greif (NYSE:GEF) Rating Reiterated by Stifel Nicolaus
Greif (NYSE:GEF – Get Free Report)’s stock had its “buy” rating reaffirmed by analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $94.00 price target on the industrial products company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 40.80% from the company’s current price.
Separately, StockNews.com started coverage on shares of Greif in a report on Thursday, October 5th. They issued a “buy” rating on the stock.
Get Our Latest Stock Report on GEF
Greif Stock Performance
GEF stock traded down $2.90 during midday trading on Thursday, reaching $66.76. 137,459 shares of the company’s stock traded hands, compared to its average volume of 146,463. The company has a 50-day moving average price of $66.09 and a two-hundred day moving average price of $68.23. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.11 and a current ratio of 1.52. Greif has a 52 week low of $57.38 and a 52 week high of $76.00. The firm has a market capitalization of $3.12 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 1.20 and a beta of 0.99.
Greif (NYSE:GEF – Get Free Report) last issued its earnings results on Wednesday, December 6th. The industrial products company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.26. Greif had a net margin of 7.23% and a return on equity of 19.88%. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the firm posted $1.83 EPS. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. As a group, equities analysts anticipate that Greif will post 5.89 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in GEF. HighTower Advisors LLC purchased a new position in Greif in the first quarter worth $1,648,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Greif by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,731 shares of the industrial products company’s stock worth $633,000 after acquiring an additional 928 shares in the last quarter. Yousif Capital Management LLC grew its position in Greif by 1.9% in the first quarter. Yousif Capital Management LLC now owns 13,901 shares of the industrial products company’s stock worth $904,000 after acquiring an additional 260 shares in the last quarter. Prudential Financial Inc. grew its position in Greif by 16.8% in the first quarter. Prudential Financial Inc. now owns 202,618 shares of the industrial products company’s stock worth $13,183,000 after acquiring an additional 29,187 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Greif by 52.8% in the first quarter. First Trust Advisors LP now owns 99,060 shares of the industrial products company’s stock worth $6,445,000 after acquiring an additional 34,220 shares in the last quarter. Institutional investors own 45.98% of the company’s stock.
About Greif (Get Free Report)
Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. It operates through three segments: Global Industrial Packaging; Paper Packaging & Services; and Land Management. 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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Greif, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Greif wasn’t on the list.
While Greif currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Original: MarketBeat News Feed: Greif (NYSE:GEF) Rating Reiterated by Stifel Nicolaus