Greif, Inc. (NYSE:GEF) Receives $83.00 Consensus PT from Analysts

Greif, Inc. (NYSE:GEF) has earned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $83.00.

GEF has been the subject of several research reports. Weiss Ratings upgraded shares of Greif from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Bank of America downgraded shares of Greif from a “neutral” rating to an “underperform” rating and set a $70.00 target price on the stock. in a research note on Tuesday, July 14th. Wells Fargo & Company upped their price target on shares of Greif from $74.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Zacks Research upgraded Greif from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. Finally, Truist Financial reissued a “hold” rating and issued a $97.00 price objective (up from $78.00) on shares of Greif in a research report on Tuesday, August 4th.

Insiders Place Their Bets

In other Greif news, SVP Timothy Bergwall sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $87.06, for a total value of $174,120.00. Following the completion of the transaction, the senior vice president owned 55,832 shares in the company, valued at $4,860,733.92. This represents a 3.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Bala Sathyanarayanan sold 1,000 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $109.67, for a total transaction of $109,670.00. Following the completion of the sale, the executive vice president directly owned 7,549 shares of the company’s stock, valued at $827,898.83. This trade represents a 11.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 98,987 shares of company stock valued at $8,608,418. Company insiders own 7.70% of the company’s stock.

Institutional Investors Weigh In On Greif

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GEF. American Century Companies Inc. boosted its position in Greif by 1.3% in the 2nd quarter. American Century Companies Inc. now owns 21,494 shares of the industrial products company’s stock valued at $1,397,000 after buying an additional 280 shares during the last quarter. Norges Bank purchased a new stake in shares of Greif during the second quarter worth about $1,040,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Greif during the second quarter worth about $230,000. Jump Financial LLC acquired a new position in shares of Greif in the second quarter worth about $609,000. Finally, Cerity Partners LLC lifted its stake in shares of Greif by 50.3% in the second quarter. Cerity Partners LLC now owns 6,193 shares of the industrial products company’s stock worth $403,000 after acquiring an additional 2,072 shares in the last quarter. Hedge funds and other institutional investors own 45.74% of the company’s stock.

Greif Stock Performance

Greif stock opened at $84.94 on Wednesday. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74. Greif has a 12 month low of $55.75 and a 12 month high of $90.57. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.29 and a quick ratio of 0.99. The stock’s 50-day moving average is $81.57 and its 200-day moving average is $72.57.

Greif (NYSE:GEF) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.50. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Greif had a return on equity of 8.09% and a net margin of 7.53%.The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 EPS. Equities analysts anticipate that Greif will post 4.3 earnings per share for the current year.

Greif Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be paid a $0.62 dividend. The ex-dividend date is Thursday, September 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.9%. Greif’s dividend payout ratio (DPR) is 77.74%.

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.