Greif Inc. (NYSE:GEF)’s share price hit a new 52-week high on Friday . The company 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 firms have commented on GEF. TheStreet raised shares of Greif from a “hold” rating to a “buy” rating in a report on Wednesday, June 8th. Zacks Investment Research downgraded shares of Greif from a “buy” rating to a “hold” rating in a report on Monday, June 13th. BMO Capital Markets reaffirmed a “hold” rating and set a $36.00 price objective on shares of Greif in a report on Monday, June 27th. Robert W. Baird reaffirmed a “neutral” rating and set a $43.00 price objective on shares of Greif in a report on Tuesday, June 28th. Finally, Deutsche Bank AG reaffirmed a “market perform” rating and set a $36.00 price objective on shares of Greif in a report on Wednesday, June 29th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $39.40.

The firm’s 50 day moving average is $38.83 and its 200 day moving average is $33.31. The company has a market cap of $1.95 billion and a PE ratio of 47.28.

Greif (NYSE:GEF) last issued its quarterly earnings results on Wednesday, June 8th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.57 by $0.10. During the same period in the previous year, the firm earned $0.53 EPS. The firm earned $839.60 million during the quarter, compared to analysts’ expectations of $836.77 million. Greif’s quarterly revenue was down 8.3% on a year-over-year basis. On average, equities analysts predict that Greif Inc. will post $2.29 EPS for the current year.

Other large investors have added to or reduced their stakes in the company. 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 valued at $5,268,000 after buying an additional 70,388 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 valued at $3,450,000 after buying an additional 45,290 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 valued at $2,038,000 after buying an additional 3,649 shares during the last quarter. Finally, 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 valued at $1,757,000 after buying an additional 885 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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