Greif's (GEF) "Hold" Rating Reaffirmed at Truist Financial

Greif (NYSE:GEF - Get Free Report)'s stock had its "hold" rating reiterated by investment analysts at Truist Financial in a research note issued on Monday,Benzinga reports. They currently have a $65.00 price objective on the industrial products company's stock, down from their prior price objective of $71.00. Truist Financial's price objective would indicate a potential upside of 15.15% from the company's previous close.

GEF has been the topic of several other reports. Wells Fargo & Company decreased their price target on Greif from $76.00 to $75.00 and set an "overweight" rating on the stock in a research report on Monday. Robert W. Baird lowered their target price on shares of Greif from $75.00 to $68.00 and set a "neutral" rating on the stock in a research note on Friday, February 28th. Sidoti began coverage on shares of Greif in a research report on Wednesday, November 20th. They set a "buy" rating and a $93.00 price target for the company. Finally, Bank of America lowered their price objective on Greif from $79.00 to $73.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $77.00.

Greif Stock Performance

Shares of GEF stock traded up $0.13 on Monday, hitting $56.45. 174,883 shares of the stock were exchanged, compared to its average volume of 170,046. The firm's 50 day moving average is $60.43 and its two-hundred day moving average is $62.96. Greif has a one year low of $53.43 and a one year high of $73.16. The firm has a market capitalization of $2.66 billion, a PE ratio of 12.49, a P/E/G ratio of 1.02 and a beta of 0.94. The company has a current ratio of 1.53, a quick ratio of 1.13 and a debt-to-equity ratio of 1.26.

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Greif (NYSE:GEF - Get Free Report) last issued its earnings results on Wednesday, February 26th. The industrial products company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.33). Greif had a return on equity of 11.84% and a net margin of 4.81%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.26 billion. Sell-side analysts expect that Greif will post 4.11 earnings per share for the current fiscal year.

Insider Transactions at Greif

In other news, EVP Bala Sathyanarayanan sold 748 shares of the company's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $60.21, for a total value of $45,037.08. Following the completion of the sale, the executive vice president now owns 32,729 shares of the company's stock, valued at approximately $1,970,613.09. This represents a 2.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Lawrence A. Hilsheimer bought 550 shares of the firm's stock in a transaction that occurred on Friday, December 20th. The stock was acquired at an average price of $67.88 per share, for a total transaction of $37,334.00. Following the transaction, the chief financial officer now owns 162,151 shares in the company, valued at $11,006,809.88. This trade represents a 0.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 6,225 shares of company stock worth $431,731. 7.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Greif

Institutional investors have recently bought and sold shares of the stock. Avior Wealth Management LLC bought a new stake in Greif in the fourth quarter valued at approximately $31,000. Quarry LP bought a new stake in Greif during the 4th quarter valued at $53,000. Quest Partners LLC boosted its position in Greif by 35.0% during the 3rd quarter. Quest Partners LLC now owns 2,257 shares of the industrial products company's stock valued at $141,000 after buying an additional 585 shares during the period. Principal Securities Inc. grew its holdings in Greif by 28.2% in the 4th quarter. Principal Securities Inc. now owns 2,444 shares of the industrial products company's stock worth $149,000 after acquiring an additional 537 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Greif by 7.0% in the third quarter. State of Alaska Department of Revenue now owns 3,068 shares of the industrial products company's stock valued at $192,000 after acquiring an additional 200 shares during the period. 45.74% of the stock is currently owned by hedge funds and other institutional investors.

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.