Greif (NYSE:GEF) Now Covered by Truist Financial

Analysts at Truist Financial initiated coverage on shares of Greif (NYSE:GEF) in a research report issued on Thursday, MarketBeat reports. The brokerage set a “hold” rating and a $71.00 price target on the industrial products company’s stock. Truist Financial’s price objective indicates a potential upside of 15.71% from the company’s current price.

Other research analysts also recently issued reports about the company. Wells Fargo & Company raised Greif from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $64.00 to $75.00 in a report on Thursday, January 11th. StockNews.com upgraded Greif from a “hold” rating to a “buy” rating in a research report on Monday, January 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.25.

Greif Trading Up 1.0 %

GEF opened at $61.36 on Thursday. The company has a market cap of $2.89 billion, a P/E ratio of 10.62, a PEG ratio of 1.59 and a beta of 0.87. The company has a current ratio of 1.57, a quick ratio of 1.16 and a debt-to-equity ratio of 1.09. The company’s 50 day moving average is $64.22 and its 200-day moving average is $64.86. Greif has a 1-year low of $59.37 and a 1-year high of $76.00.

Greif (NYSE:GEF) last released its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $0.20 by $1.07. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.26 billion. Greif had a return on equity of 18.65% and a net margin of 6.53%. Greif’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the business posted $1.06 EPS. Equities research analysts predict that Greif will post 3.88 earnings per share for the current fiscal year.

Insider Activity at Greif

In other Greif news, SVP Timothy Bergwall sold 2,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $63.05, for a total transaction of $126,100.00. Following the transaction, the senior vice president now owns 62,392 shares in the company, valued at $3,933,815.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Greif news, SVP Timothy Bergwall sold 2,000 shares of Greif stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $63.05, for a total transaction of $126,100.00. Following the completion of the transaction, the senior vice president now owns 62,392 shares in the company, valued at approximately $3,933,815.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer Anthony John Krabill acquired 745 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were bought at an average cost of $63.12 per share, with a total value of $47,024.40. Following the completion of the acquisition, the treasurer now directly owns 1,651 shares in the company, valued at approximately $104,211.12. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 42,934 shares of company stock valued at $2,864,352 and sold 6,000 shares valued at $384,620. 3.07% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Greif

Several large investors have recently bought and sold shares of the stock. AQR Capital Management LLC grew its stake in shares of Greif by 5.0% in the 4th quarter. AQR Capital Management LLC now owns 537,509 shares of the industrial products company’s stock worth $36,045,000 after acquiring an additional 25,424 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Greif by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 409,407 shares of the industrial products company’s stock worth $26,853,000 after purchasing an additional 15,169 shares in the last quarter. Invesco Ltd. increased its stake in Greif by 2.6% in the 3rd quarter. Invesco Ltd. now owns 281,266 shares of the industrial products company’s stock valued at $18,791,000 after buying an additional 7,202 shares during the last quarter. Norges Bank bought a new position in shares of Greif during the 4th quarter worth approximately $16,669,000. Finally, Prudential Financial Inc. boosted its stake in shares of Greif by 16.8% in the 1st quarter. Prudential Financial Inc. now owns 202,618 shares of the industrial products company’s stock worth $13,183,000 after buying an additional 29,187 shares during the last quarter. 45.74% of the stock is currently owned by 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.