Greif Inc. (GEF) Reaches New 1-Year High at $41.55
Shares of Greif Inc. (NYSE:GEF) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $41.55 and last traded at $41.37, with a volume of 46,155 shares. The stock had previously closed at $40.93.
GEF has been the subject of several research reports. Zacks Investment Research downgraded shares of Greif from a “buy” rating to a “hold” rating in a report on Tuesday, May 10th. Robert W. Baird reiterated a “neutral” rating and issued a $43.00 target price on shares of Greif in a report on Tuesday, June 28th. BMO Capital Markets downgraded shares of Greif from an “outperform” rating to a “market perform” rating in a report on Thursday, June 9th. Deutsche Bank AG reiterated a “market perform” rating and issued a $36.00 target price on shares of Greif in a report on Wednesday, June 29th. Finally, TheStreet upgraded shares of Greif from a “hold” rating to a “buy” rating in a report on Wednesday, June 8th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $39.40.
The company has a 50-day moving average of $38.93 and a 200-day moving average of $33.66. The firm has a market capitalization of $2.00 billion and a price-to-earnings ratio of 48.38.
Greif (NYSE:GEF) last announced its quarterly earnings data on Wednesday, June 8th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.10. The company had revenue of $839.60 million for the quarter, compared to analyst estimates of $836.77 million. The business’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. Analysts forecast that Greif Inc. will post $2.29 EPS for the current year.
A number of institutional investors recently bought and sold shares of the company. California State Teachers Retirement System increased its position 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 in the last quarter. Systematic Financial Management LP raised 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. Finally, New York State Common Retirement Fund raised 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.
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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