Greif Inc. (NYSE:GEF) was downgraded by equities researchers at Wells Fargo & Co. from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday. The analysts noted that the move was a valuation call.

Several other research analysts also recently commented on the stock. Bank of America Corp. upgraded shares of Greif from a “neutral” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Tuesday, September 6th. DA Davidson cut shares of Greif from a “neutral” rating to an “underperform” rating and set a $47.00 target price on the stock. in a research note on Monday. Finally, Zacks Investment Research cut shares of Greif from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $43.67.

Analyst Recommendations for Greif (NYSE:GEF)

Shares of Greif (NYSE:GEF) opened at 53.26 on Monday. The firm has a market cap of $2.55 billion, a P/E ratio of 32.32 and a beta of 1.46. Greif has a 52 week low of $23.88 and a 52 week high of $57.97. The company’s 50-day moving average price is $49.14 and its 200 day moving average price is $42.88.

Greif (NYSE:GEF) last announced its quarterly earnings data 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 net margin of 2.37% and a return on equity of 14.86%. The business earned $845 million during the quarter, compared to the consensus estimate of $910.83 million. During the same period in the previous year, the business earned $0.60 earnings per share. The company’s revenue was down 9.1% on a year-over-year basis. On average, equities analysts anticipate that Greif will post $2.46 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in shares of Greif by 11.8% in the second quarter. Principal Financial Group Inc. now owns 98,286 shares of the company’s stock valued at $3,663,000 after buying an additional 10,377 shares in the last quarter. First New York Securities LLC NY boosted its stake in shares of Greif by 47.7% in the second quarter. First New York Securities LLC NY now owns 35,876 shares of the company’s stock valued at $1,337,000 after buying an additional 11,591 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Greif by 4,681.6% in the first quarter. JPMorgan Chase & Co. now owns 84,204 shares of the company’s stock valued at $2,758,000 after buying an additional 82,443 shares in the last quarter. Barclays PLC boosted its stake in shares of Greif by 1,062.0% in the first quarter. Barclays PLC now owns 53,649 shares of the company’s stock valued at $1,717,000 after buying an additional 49,032 shares in the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new stake in shares of Greif during the second quarter valued at $1,338,000. 45.59% of the stock is currently owned by institutional investors.

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About Greif

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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