Shares of Greif Inc. (NYSE:GEF) have received an average rating of “Hold” from the seven ratings firms that are presently covering the company. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $42.20.

Several research analysts have issued reports on GEF shares. Bank of America Corp. upgraded Greif from a “neutral” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Tuesday, September 6th. DA Davidson reiterated a “buy” rating and issued a $44.00 price target on shares of Greif in a report on Sunday, September 4th. Finally, Zacks Investment Research lowered Greif from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th.

Greif (NYSE:GEF) opened at 57.72 on Monday. Greif has a 52 week low of $23.88 and a 52 week high of $57.92. The stock’s 50 day moving average price is $48.51 and its 200 day moving average price is $42.25. The company has a market capitalization of $2.76 billion, a P/E ratio of 35.02 and a beta of 1.46.

Greif (NYSE:GEF) last announced its earnings results on Wednesday, August 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.72 by $0.19. Greif had a return on equity of 14.86% and a net margin of 2.37%. The company had revenue of $845 million for the quarter, compared to analyst estimates of $910.83 million. During the same quarter in the prior year, the company earned $0.60 EPS. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year. Analysts anticipate that Greif will post $2.46 earnings per share for the current year.

Several hedge funds have recently modified their holdings of GEF. Ameritas Investment Partners Inc. increased its stake in shares of Greif by 72.1% in the third quarter. Ameritas Investment Partners Inc. now owns 10,076 shares of the company’s stock valued at $500,000 after buying an additional 4,220 shares during the period. Verition Fund Management LLC bought a new stake in shares of Greif during the third quarter valued at approximately $206,000. Jane Street Group LLC bought a new stake in shares of Greif during the third quarter valued at approximately $451,000. D. E. Shaw & Co. Inc. bought a new stake in shares of Greif during the third quarter valued at approximately $1,040,000. Finally, Gotham Asset Management LLC increased its stake in shares of Greif by 4.4% in the third quarter. Gotham Asset Management LLC now owns 253,233 shares of the company’s stock valued at $12,558,000 after buying an additional 10,747 shares during the period. 46.76% of the stock is owned by hedge funds and other institutional investors.

Greif Company Profile

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.

5 Day Chart for NYSE:GEF

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