Greif Inc. (GEF) Hits New 52-Week High at $41.55
Greif Inc. (NYSE:GEF) shares hit a new 52-week high during mid-day trading on Thursday . The stock 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.
Several brokerages recently issued reports on GEF. Zacks Investment Research raised shares of Greif from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Monday, May 2nd. Robert W. Baird reaffirmed a “neutral” rating and issued a $43.00 price objective on shares of Greif in a research note on Tuesday, June 28th. TheStreet raised shares of Greif from a “hold” rating to a “buy” rating in a research note on Wednesday, June 8th. Deutsche Bank AG reaffirmed a “market perform” rating and issued a $36.00 price objective on shares of Greif in a research note on Wednesday, June 29th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Greif in a research note on Monday, June 27th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Greif has a consensus rating of “Hold” and a consensus target price of $39.40.
The company’s 50 day moving average is $39.03 and its 200 day moving average is $33.83. The stock has a market capitalization of $1.96 billion and a P/E ratio of 47.64.
Greif (NYSE:GEF) last issued its earnings results on Wednesday, June 8th. The company reported $0.47 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 the consensus estimate of $836.77 million. During the same quarter last year, the firm posted $0.53 earnings per share. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. Analysts expect that Greif Inc. will post $2.29 EPS for the current year.
A hedge fund recently raised its stake in Greif stock. Systematic Financial Management LP boosted its stake in Greif Inc. (NYSE:GEF) by 67.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 111,980 shares of the company’s stock after buying an additional 45,290 shares during the period. Systematic Financial Management LP owned about 0.23% of Greif worth $3,450,000 at the end of the most recent reporting period.
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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