Greif, Inc. (NYSE:GEF) Receives $69.50 Consensus Target Price from Analysts

Shares of Greif, Inc. (NYSE:GEF) have received an average rating of “Hold” from the six research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $69.50.

A number of research analysts recently commented on GEF shares. Truist Financial lowered their price objective on shares of Greif from $72.00 to $71.00 and set a “hold” rating on the stock in a research report on Monday, September 8th. Wells Fargo & Company lifted their target price on shares of Greif from $67.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Zacks Research downgraded shares of Greif from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 2nd. Wall Street Zen raised Greif from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Greif in a report on Wednesday, October 8th.

Greif Stock Performance

Shares of GEF stock opened at $70.21 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.18 and a debt-to-equity ratio of 1.00. Greif has a 1-year low of $48.23 and a 1-year high of $70.89. The stock’s fifty day simple moving average is $63.26 and its 200-day simple moving average is $63.66. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 22.29 and a beta of 0.95.

Greif Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Thursday, December 18th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, December 18th. Greif’s dividend payout ratio (DPR) is currently 71.11%.

Insiders Place Their Bets

In related news, CEO Ole G. Rosgaard sold 9,733 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $70.24, for a total transaction of $683,645.92. Following the completion of the transaction, the chief executive officer owned 64,707 shares of the company’s stock, valued at approximately $4,545,019.68. The trade was a 13.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bala Sathyanarayanan sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $66.62, for a total value of $466,340.00. Following the completion of the sale, the executive vice president directly owned 37,725 shares in the company, valued at $2,513,239.50. This trade represents a 15.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders purchased 32,293 shares of company stock valued at $2,145,733 and sold 70,584 shares valued at $4,385,849. Company insiders own 7.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in Greif by 21.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 131,131 shares of the industrial products company’s stock worth $8,522,000 after buying an additional 23,422 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Greif during the second quarter worth $1,061,000. American Century Companies Inc. acquired a new stake in shares of Greif during the first quarter worth $1,167,000. UniSuper Management Pty Ltd acquired a new position in Greif in the 1st quarter worth $654,000. Finally, First Citizens Bank & Trust Co. bought a new position in Greif during the 2nd quarter worth about $690,000. 45.74% of the stock is owned by institutional investors.

About Greif

Greif, Inc is a global leader in industrial packaging products and services, with a history dating back to its founding in 1877. Headquartered in Cleveland, Ohio, the company has evolved from a regional barrel and drum manufacturer into a diversified packaging provider serving a wide range of end markets. Greif’s longstanding heritage in container solutions has positioned it as a trusted partner for customers seeking reliable, high-quality packaging options.

The company’s core business revolves around the design, manufacture and sale of industrial packaging products, including steel, plastic and fiber drums; intermediate bulk containers (IBCs); safety closures; rigid, flexible and reconditioned packaging; containerboard and protective packaging.