Greif Inc. (NYSE:GEF) was downgraded by equities research analysts at KeyCorp to an “underweight” rating in a note issued to investors on Tuesday.

Several other equities analysts have also weighed in on GEF. DA Davidson lowered shares of Greif from a “buy” rating to a “neutral” rating and increased their price target for the company from $44.00 to $45.00 in a research report on Friday, September 2nd. They noted that the move was a valuation call. Wells Fargo & Co. lowered shares of Greif from an “outperform” rating to a “market perform” rating in a research report on Monday, November 21st. They noted that the move was a valuation call. Bank of America Corp. lowered shares of Greif from a “buy” rating to a “neutral” rating and set a $56.00 price target for the company. in a research report on Tuesday, November 22nd. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Greif from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $43.67.

Analyst Recommendations for Greif (NYSE:GEF)

Greif (NYSE:GEF) opened at 54.33 on Tuesday. Greif has a 12 month low of $23.88 and a 12 month high of $57.97. The firm has a market capitalization of $2.60 billion, a PE ratio of 32.97 and a beta of 1.46. The stock has a 50 day moving average of $49.72 and a 200 day moving average of $43.35.

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Institutional investors have recently modified their holdings of the company. Boothbay Fund Management LLC acquired a new position in shares of Greif during the first quarter worth $437,000. Breton Hill Capital Ltd. acquired a new position in shares of Greif during the second quarter worth $205,000. Nisa Investment Advisors LLC raised its position in shares of Greif by 185.2% in the second quarter. Nisa Investment Advisors LLC now owns 15,400 shares of the company’s stock worth $574,000 after buying an additional 10,000 shares in the last quarter. Strs Ohio acquired a new position in shares of Greif during the second quarter worth $454,000. Finally, First New York Securities LLC NY raised its position 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 worth $1,337,000 after buying an additional 11,591 shares in the last quarter. Hedge funds and other institutional investors own 48.36% of the company’s stock.

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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