Greif (NYSE:GEF) Given New $67.00 Price Target at Wells Fargo & Company

Greif (NYSE:GEF) had its price objective trimmed by Wells Fargo & Company from $75.00 to $67.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the industrial products company’s stock.

Other equities research analysts also recently issued reports about the company. Robert W. Baird reduced their target price on Greif from $75.00 to $68.00 and set a “neutral” rating for the company in a report on Friday, February 28th. Truist Financial reduced their target price on Greif from $65.00 to $56.00 and set a “hold” rating for the company in a report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Greif has a consensus rating of “Moderate Buy” and an average target price of $74.17.

Greif Trading Up 1.5%

Shares of Greif stock opened at $55.68 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.53 and a debt-to-equity ratio of 1.26. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 1.02 and a beta of 0.94. The business has a fifty day simple moving average of $53.78 and a 200-day simple moving average of $58.97. Greif has a fifty-two week low of $48.23 and a fifty-two week high of $73.16.

Insider Activity

In other Greif news, Director Frank Calhoun V. Miller bought 1,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $58.50 per share, for a total transaction of $58,500.00. Following the acquisition, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $58,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Emkes bought 3,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $55.89 per share, for a total transaction of $167,670.00. Following the acquisition, the director now directly owns 44,257 shares in the company, valued at $2,473,523.73. This trade represents a 7.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. 7.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Greif

A number of large investors have recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Greif by 4.7% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,251,074 shares of the industrial products company’s stock valued at $68,797,000 after purchasing an additional 55,948 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of Greif by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 801,429 shares of the industrial products company’s stock valued at $48,983,000 after purchasing an additional 17,425 shares during the period. Deprince Race & Zollo Inc. acquired a new position in shares of Greif in the 4th quarter valued at about $46,279,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Greif by 4.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 596,557 shares of the industrial products company’s stock valued at $32,805,000 after purchasing an additional 27,832 shares during the period. Finally, William Blair Investment Management LLC increased its holdings in shares of Greif by 2.1% in the 4th quarter. William Blair Investment Management LLC now owns 535,932 shares of the industrial products company’s stock valued at $32,756,000 after purchasing an additional 11,210 shares during the period. Institutional investors and hedge funds 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.