Greif Inc. (GEF) Hits New 12-Month High at $41.91
Greif Inc. (NYSE:GEF)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $41.91 and last traded at $41.89, with a volume of 62,897 shares trading hands. The stock had previously closed at $41.25.
GEF has been the subject of several analyst reports. TheStreet raised shares of Greif from a “hold” rating to a “buy” rating in a report on Wednesday, June 8th. Zacks Investment Research raised shares of Greif from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Monday, May 2nd. BMO Capital Markets reissued a “hold” rating and set a $36.00 price target on shares of Greif in a report on Monday, June 27th. Deutsche Bank AG reissued a “market perform” rating and set a $36.00 price target on shares of Greif in a report on Wednesday, June 29th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $43.00 target price on shares of Greif in a research note on Tuesday, June 28th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $39.75.
The company has a market capitalization of $2.00 billion and a P/E ratio of 48.48. The firm has a 50-day moving average price of $39.75 and a 200 day moving average price of $34.40.
Greif (NYSE:GEF) last released its quarterly earnings results on Wednesday, June 8th. The company reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by $0.10. During the same quarter in the previous year, the business earned $0.53 EPS. The company had revenue of $839.60 million for 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, analysts anticipate that Greif Inc. will post $2.29 EPS for the current year.
A hedge fund recently raised its stake in Greif stock. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Greif Inc. (NYSE:GEF) by 111.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,400 shares of the company’s stock after buying an additional 28,700 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.11% of Greif worth $1,676,000 at the end of the most recent 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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