Greif, Inc. (NYSE:GEF) Given Average Rating of “Sell” by Brokerages

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Greif, Inc. (NYSE:GEF) has been assigned a consensus recommendation of “Sell” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $35.25.

A number of brokerages recently issued reports on GEF. TheStreet downgraded Greif from a “b-” rating to a “c+” rating in a research report on Friday, June 14th. ValuEngine upgraded Greif from a “strong sell” rating to a “sell” rating in a research report on Friday, August 30th. Bank of America set a $37.00 price target on Greif and gave the stock a “sell” rating in a research report on Friday, June 7th. Zacks Investment Research upgraded Greif from a “sell” rating to a “hold” rating and set a $34.00 price target for the company in a research report on Monday, August 19th. Finally, Wells Fargo & Co set a $40.00 price target on Greif and gave the stock a “hold” rating in a research report on Friday, June 7th.

Shares of GEF stock traded up $0.10 on Thursday, reaching $38.35. The company’s stock had a trading volume of 163,231 shares, compared to its average volume of 254,056. The stock’s fifty day simple moving average is $34.40 and its 200-day simple moving average is $36.61. Greif has a 1 year low of $29.85 and a 1 year high of $59.00. The company has a current ratio of 1.60, a quick ratio of 1.11 and a debt-to-equity ratio of 2.37. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 1.19 and a beta of 1.38.

Greif (NYSE:GEF) last issued its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.08. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.34 billion. Greif had a return on equity of 19.40% and a net margin of 3.36%. Greif’s revenue was up 23.8% on a year-over-year basis. During the same period last year, the company earned $1.20 earnings per share. Equities research analysts forecast that Greif will post 3.81 earnings per share for the current year.

The business also recently declared a — dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 17th will be given a $0.44 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a yield of 5.4%. Greif’s dividend payout ratio is presently 49.86%.

In other Greif news, CFO Lawrence A. Hilsheimer bought 3,450 shares of the firm’s stock in a transaction dated Friday, July 5th. The stock was acquired at an average cost of $33.76 per share, for a total transaction of $116,472.00. Following the completion of the transaction, the chief financial officer now owns 108,090 shares in the company, valued at $3,649,118.40. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Peter G. Watson bought 15,000 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were acquired at an average price of $32.71 per share, with a total value of $490,650.00. Following the completion of the transaction, the chief executive officer now owns 140,011 shares of the company’s stock, valued at approximately $4,579,759.81. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 20,358 shares of company stock valued at $670,275. 13.56% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in GEF. Victory Capital Management Inc. lifted its position in shares of Greif by 3,152.7% during the first quarter. Victory Capital Management Inc. now owns 609,681 shares of the industrial products company’s stock worth $25,149,000 after purchasing an additional 590,937 shares during the last quarter. Marshall Wace North America L.P. lifted its position in shares of Greif by 178.8% during the second quarter. Marshall Wace North America L.P. now owns 231,791 shares of the industrial products company’s stock worth $7,544,000 after purchasing an additional 148,645 shares during the last quarter. Nordea Investment Management AB bought a new stake in shares of Greif during the first quarter worth $4,762,000. AMG National Trust Bank bought a new stake in shares of Greif in the second quarter valued at about $3,048,000. Finally, 361 Capital LLC bought a new stake in shares of Greif in the first quarter valued at about $2,955,000. Institutional investors and hedge funds own 45.35% of the company’s stock.

About Greif

Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.

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Analyst Recommendations for Greif (NYSE:GEF)

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