Greif Inc. (NYSE:GEF) shares reached a new 52-week high on Friday . The stock traded as high as $41.03 and last traded at $41.02, with a volume of 62,375 shares. The stock had previously closed at $39.99.

Several research analysts have weighed in on the company. TheStreet upgraded Greif from a “hold” rating to a “buy” rating in a report on Wednesday, June 8th. BMO Capital Markets lowered Greif from an “outperform” rating to a “market perform” rating and set a $36.00 target price on the stock. in a report on Wednesday, May 25th. They noted that the move was a valuation call. Deutsche Bank AG reiterated a “market perform” rating and set a $36.00 target price on shares of Greif in a report on Wednesday, June 29th. Zacks Investment Research downgraded Greif from a “buy” rating to a “hold” rating in a research note on Monday, June 13th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $43.00 price target on shares of Greif in a research note on Tuesday, June 28th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.40.

The company has a market cap of $1.95 billion and a price-to-earnings ratio of 47.28. The stock’s 50 day moving average price is $38.78 and its 200-day moving average price is $33.25.

Greif (NYSE:GEF) last posted its quarterly earnings data on Wednesday, June 8th. The company reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.10. The company earned $839.60 million during the quarter, compared to analyst estimates of $836.77 million. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period last year, the firm earned $0.53 EPS. On average, analysts expect that Greif Inc. will post $2.29 EPS for the current year.

A number of hedge funds recently bought and sold shares of the stock. California State Teachers Retirement System increased its stake in Greif by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 57,035 shares of the company’s stock worth $1,757,000 after buying an additional 885 shares during the last quarter. Nationwide Fund Advisors increased its stake in Greif by 5.8% in the fourth quarter. Nationwide Fund Advisors now owns 66,148 shares of the company’s stock worth $2,038,000 after buying an additional 3,649 shares during the last quarter. Systematic Financial Management LP increased its stake in Greif by 67.9% in the fourth quarter. Systematic Financial Management LP now owns 111,980 shares of the company’s stock worth $3,450,000 after buying an additional 45,290 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in Greif by 70.0% in the fourth quarter. New York State Common Retirement Fund now owns 170,970 shares of the company’s stock worth $5,268,000 after buying an additional 70,388 shares during the last quarter.

Greif, Inc is a producer of industrial packaging products and services. The Company’s products include steel, fiber and plastic drums, rigid intermediate bulk containers, closure systems, transit protection products, water bottles and reconditioned industrial containers, and offers services, such as container life cycle management, blending, filling, logistics, warehousing and other packaging services.

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