Analysts Set Greif, Inc. (NYSE:GEF) Target Price at $77.00

Shares of Greif, Inc. (NYSE:GEF) have received an average rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $77.00.

A number of equities analysts recently weighed in on GEF shares. Wells Fargo & Company lowered their target price on shares of Greif from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Truist Financial reiterated a “hold” rating and issued a $65.00 price target (down previously from $71.00) on shares of Greif in a report on Monday, March 3rd. Bank of America decreased their price objective on Greif from $79.00 to $73.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, Robert W. Baird decreased their target price on shares of Greif from $75.00 to $68.00 and set a “neutral” rating for the company in a research report on Friday, February 28th.

Insider Buying and Selling

In other news, Director Mark A. Emkes purchased 3,000 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $55.89 per share, for a total transaction of $167,670.00. Following the purchase, the director now owns 44,257 shares of the company’s stock, valued at $2,473,523.73. The trade was a 7.27 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank Calhoun V. Miller acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $58.50 per share, with a total value of $58,500.00. Following the acquisition, the director now owns 1,000 shares in the company, valued at $58,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 7.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Greif

Institutional investors have recently modified their holdings of the business. Avior Wealth Management LLC bought a new stake in Greif during the 4th quarter valued at $31,000. Quarry LP purchased a new position in shares of Greif in the fourth quarter valued at $53,000. Quest Partners LLC grew its position in shares of Greif by 35.0% in the third quarter. Quest Partners LLC now owns 2,257 shares of the industrial products company’s stock valued at $141,000 after purchasing an additional 585 shares in the last quarter. Principal Securities Inc. lifted its holdings in Greif by 28.2% during the 4th quarter. Principal Securities Inc. now owns 2,444 shares of the industrial products company’s stock worth $149,000 after purchasing an additional 537 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Greif in the 3rd quarter worth about $200,000. 45.74% of the stock is currently owned by hedge funds and other institutional investors.

Greif Price Performance

Greif stock opened at $54.89 on Wednesday. The stock has a market capitalization of $2.60 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.13 and a current ratio of 1.53. Greif has a 52 week low of $53.43 and a 52 week high of $73.16. The stock has a fifty day moving average of $58.82 and a 200-day moving average of $62.23.

Greif (NYSE:GEF) last released its quarterly earnings data on Wednesday, February 26th. The industrial products company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.33). The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. Greif had a net margin of 4.81% and a return on equity of 11.84%. On average, sell-side analysts expect that Greif will post 4.11 earnings per share for the current fiscal year.

Greif Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.94%. The ex-dividend date is Monday, March 17th. Greif’s dividend payout ratio is presently 61.71%.

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.