Greif, Inc. Class A (NYSE:GEF) has earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $67.75.

GEF has been the subject of a number of research reports. Bank of America set a $63.00 target price on shares of Greif, Inc. Class A and gave the company a “buy” rating in a research note on Tuesday, March 13th. Zacks Investment Research upgraded shares of Greif, Inc. Class A from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research note on Tuesday, May 15th. BMO Capital Markets upgraded shares of Greif, Inc. Class A from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $57.00 to $60.00 in a research note on Monday, April 2nd. They noted that the move was a valuation call. KeyCorp reiterated a “sell” rating on shares of Greif, Inc. Class A in a research note on Tuesday, May 22nd. Finally, ValuEngine lowered shares of Greif, Inc. Class A from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd.

Several hedge funds have recently modified their holdings of the company. Cornercap Investment Counsel Inc. grew its position in shares of Greif, Inc. Class A by 3.7% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 29,625 shares of the industrial products company’s stock valued at $1,795,000 after acquiring an additional 1,055 shares during the period. WINTON GROUP Ltd grew its position in shares of Greif, Inc. Class A by 2.7% during the 1st quarter. WINTON GROUP Ltd now owns 56,488 shares of the industrial products company’s stock valued at $2,951,000 after acquiring an additional 1,469 shares during the period. Point72 Asia Hong Kong Ltd grew its position in shares of Greif, Inc. Class A by 116.7% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 3,538 shares of the industrial products company’s stock valued at $185,000 after acquiring an additional 1,905 shares during the period. Northwestern Mutual Investment Management Company LLC grew its position in shares of Greif, Inc. Class A by 56.7% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 5,304 shares of the industrial products company’s stock valued at $277,000 after acquiring an additional 1,920 shares during the period. Finally, OppenheimerFunds Inc. grew its position in shares of Greif, Inc. Class A by 11.1% during the 1st quarter. OppenheimerFunds Inc. now owns 20,356 shares of the industrial products company’s stock valued at $1,064,000 after acquiring an additional 2,034 shares during the period. 47.91% of the stock is owned by hedge funds and other institutional investors.

Shares of GEF opened at $58.73 on Thursday. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 1.97 and a beta of 1.21. The company has a quick ratio of 1.12, a current ratio of 1.65 and a debt-to-equity ratio of 0.90. Greif, Inc. Class A has a 1-year low of $47.97 and a 1-year high of $65.60.

Greif, Inc. Class A (NYSE:GEF) last announced its earnings results on Wednesday, February 28th. The industrial products company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.17). The company had revenue of $905.70 million for the quarter, compared to analysts’ expectations of $867.24 million. Greif, Inc. Class A had a net margin of 4.56% and a return on equity of 16.63%. Greif, Inc. Class A’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 earnings per share. sell-side analysts expect that Greif, Inc. Class A will post 3.44 earnings per share for the current year.

About Greif, Inc. Class A

Greif, Inc produces and sells industrial packaging products and services worldwide. It operates in four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.

Analyst Recommendations for Greif, Inc. Class A (NYSE:GEF)

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