Greif (NYSE:GEF) had its price objective upped by analysts at BMO Capital Markets from $28.00 to $36.00 in a report issued on Thursday, The Fly reports. The brokerage currently has an “underperform” rating on the industrial products company’s stock. BMO Capital Markets’ price target would suggest a potential downside of 17.85% from the stock’s previous close.
A number of other analysts have also weighed in on GEF. Zacks Investment Research raised shares of Greif from a “sell” rating to a “hold” rating and set a $34.00 target price on the stock in a report on Monday, August 19th. Wells Fargo & Co increased their target price on shares of Greif from $40.00 to $46.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Robert W. Baird raised their price target on shares of Greif from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, December 6th. ValuEngine upgraded shares of Greif from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, TheStreet upgraded shares of Greif from a “c+” rating to a “b” rating in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has an average rating of “Hold” and a consensus price target of $38.17.
GEF stock opened at $43.82 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.51 and a debt-to-equity ratio of 2.23. The firm has a market capitalization of $2.11 billion, a PE ratio of 11.07, a PEG ratio of 1.33 and a beta of 1.41. Greif has a twelve month low of $29.85 and a twelve month high of $50.37. The stock has a 50-day simple moving average of $42.02 and a two-hundred day simple moving average of $36.91.
Several institutional investors and hedge funds have recently modified their holdings of GEF. MCF Advisors LLC bought a new position in shares of Greif in the second quarter worth approximately $33,000. SG Americas Securities LLC purchased a new position in Greif in the 2nd quarter worth approximately $157,000. Dupont Capital Management Corp increased its holdings in shares of Greif by 92.0% in the 3rd quarter. Dupont Capital Management Corp now owns 4,142 shares of the industrial products company’s stock worth $157,000 after buying an additional 1,985 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Greif in the 3rd quarter worth $176,000. Finally, Paloma Partners Management Co bought a new position in shares of Greif in the 2nd quarter worth $207,000. Hedge funds and other institutional investors own 46.07% of the company’s stock.
Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through 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.
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