Greif Inc. (NYSE:GEF)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $41.91 and last traded at $41.89, with a volume of 62,897 shares changing hands. The stock had previously closed at $41.25.

Several equities analysts have recently commented on the company. Zacks Investment Research cut Greif from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. TheStreet upgraded Greif from a “hold” rating to a “buy” rating in a research note on Wednesday, June 8th. BMO Capital Markets restated a “hold” rating and set a $36.00 price objective on shares of Greif in a research note on Monday, June 27th. Robert W. Baird restated a “neutral” rating and set a $43.00 price objective on shares of Greif in a research note on Tuesday, June 28th. Finally, Deutsche Bank AG restated a “market perform” rating and set a $36.00 price objective on shares of Greif in a research note on Wednesday, June 29th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $39.40.

The stock’s 50 day moving average price is $39.62 and its 200-day moving average price is $34.28. The company has a market cap of $2.01 billion and a P/E ratio of 48.62.

Greif (NYSE:GEF) last issued 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. During the same quarter last year, the firm earned $0.53 earnings per share. The company earned $839.60 million during the quarter, compared to analyst estimates of $836.77 million. The business’s quarterly revenue was down 8.3% compared to the same quarter last year. On average, equities analysts anticipate that Greif Inc. will post $2.29 EPS for the current fiscal year.

Other hedge funds and institutional investors recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Greif by 111.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,400 shares of the company’s stock worth $1,676,000 after buying an additional 28,700 shares during the last quarter. Systematic Financial Management LP increased its position in shares of 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 position in shares of 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.