Greif (NYSE:GEF) Given New $73.00 Price Target at Wells Fargo & Company

Greif (NYSE:GEF) had its price target increased by equities researchers at Wells Fargo & Company from $72.00 to $73.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 2.25% from the stock’s current price.

A number of other equities analysts have also recently weighed in on GEF. Truist Financial lifted their price target on Greif from $71.00 to $79.00 and gave the stock a “hold” rating in a research note on Tuesday, January 6th. Robert W. Baird set a $75.00 price target on shares of Greif in a report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Greif in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Greif from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, Zacks Research upgraded Greif from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $74.50.

Greif Stock Down 1.5%

NYSE GEF traded down $1.06 on Thursday, hitting $71.40. 2,795 shares of the stock traded hands, compared to its average volume of 181,954. The stock has a 50-day moving average of $68.66 and a 200 day moving average of $64.43. Greif has a twelve month low of $48.23 and a twelve month high of $74.00. The company has a market capitalization of $3.39 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 0.54 and a beta of 0.96. 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 (NYSE:GEF) last posted its earnings results on Tuesday, January 27th. The industrial products company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.21). The firm had revenue of $994.80 million during the quarter, compared to the consensus estimate of $1.02 billion. Greif had a return on equity of 9.26% and a net margin of 7.52%.Greif’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the company posted $0.39 EPS. As a group, analysts expect that Greif will post 4.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Timothy Bergwall sold 2,000 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $71.54, for a total transaction of $143,080.00. Following the completion of the sale, the senior vice president directly owned 58,678 shares of the company’s stock, valued at approximately $4,197,824.12. This represents a 3.30% decrease in their position. The transaction was disclosed in a filing 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 on Wednesday, December 10th. The shares were sold at an average price of $66.62, for a total transaction of $466,340.00. Following the completion of the transaction, the executive vice president owned 37,725 shares in the company, valued at $2,513,239.50. The trade was a 15.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have bought 32,293 shares of company stock valued at $2,145,733 and have sold 70,584 shares valued at $4,408,749. 7.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Greif

A number of hedge funds have recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of Greif by 36.2% during the third quarter. Blue Trust Inc. now owns 662 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 176 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in Greif during the 4th quarter worth approximately $84,000. State Board of Administration of Florida Retirement System bought a new stake in Greif in the second quarter valued at approximately $214,000. Neuberger Berman Group LLC acquired a new stake in Greif in the second quarter worth $216,000. Finally, Captrust Financial Advisors acquired a new position in shares of Greif in the 2nd quarter valued at $227,000. 45.74% of the stock is currently owned by institutional investors.

Greif Company Profile

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.