Greif (NYSE:GEF) Coverage Initiated at Sidoti

Analysts at Sidoti assumed coverage on shares of Greif (NYSE:GEF) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $93.00 price target on the industrial products company’s stock. Sidoti’s price objective points to a potential upside of 33.52% from the stock’s previous close.

A number of other analysts have also recently weighed in on GEF. Stifel Nicolaus reaffirmed a “buy” rating and set a $88.00 price objective on shares of Greif in a research report on Monday, August 26th. Wells Fargo & Company reduced their price target on Greif from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Monday, August 26th. Truist Financial reissued a “hold” rating and issued a $67.00 price target (down from $69.00) on shares of Greif in a report on Friday, August 30th. Finally, Bank of America reduced their price target on Greif from $77.00 to $73.00 and set a “buy” rating for the company in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Greif has a consensus rating of “Moderate Buy” and a consensus price target of $79.40.

Greif Trading Down 0.3 %

NYSE:GEF opened at $69.65 on Wednesday. Greif has a 52-week low of $55.95 and a 52-week high of $71.36. The stock’s 50 day moving average price is $63.97 and its 200 day moving average price is $62.56. The company has a quick ratio of 1.28, a current ratio of 1.70 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $3.29 billion, a PE ratio of 15.14 and a beta of 0.91.

Greif (NYSE:GEF) last posted its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.14). Greif had a return on equity of 13.28% and a net margin of 4.99%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.43 billion. On average, research analysts anticipate that Greif will post 4.2 EPS for the current year.

Hedge Funds Weigh In On Greif

Hedge funds have recently bought and sold shares of the stock. Quarry LP increased its position in Greif by 71.9% during the second quarter. Quarry LP now owns 545 shares of the industrial products company’s stock worth $31,000 after buying an additional 228 shares in the last quarter. Innealta Capital LLC purchased a new position in Greif during the second quarter worth $64,000. DekaBank Deutsche Girozentrale increased its position in Greif by 80.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,258 shares of the industrial products company’s stock worth $73,000 after buying an additional 561 shares in the last quarter. nVerses Capital LLC purchased a new position in Greif during the second quarter worth $80,000. Finally, Quest Partners LLC increased its position in Greif by 27,766.7% during the second quarter. Quest Partners LLC now owns 1,672 shares of the industrial products company’s stock worth $96,000 after buying an additional 1,666 shares in the last quarter. Hedge funds and other institutional investors own 45.74% of the company’s stock.

Greif Company Profile

Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. The company operates through Global Industrial Packaging; Paper Packaging & Services; and Land Management segments. The Global Industrial Packaging segment produces and sells industrial packaging products, including steel, fiber, and plastic drums; rigid and flexible intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services to chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceuticals, mineral product, and other industries.