Analysts Set Greif, Inc. (NYSE:GEF) PT at $74.17

Shares of Greif, Inc. (NYSE:GEF - Get Free Report) have been given an average rating of "Moderate Buy" by the seven brokerages that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $74.17.

Several equities analysts recently issued reports on GEF shares. Wells Fargo & Company dropped their price target on Greif from $75.00 to $67.00 and set an "overweight" rating on the stock in a research report on Tuesday, June 3rd. Truist Financial dropped their target price on Greif from $65.00 to $56.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd.

Insider Buying and Selling

In other Greif news, SVP Kimberly Anne Kellermann sold 9,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $67.88, for a total transaction of $610,920.00. Following the transaction, the senior vice president owned 3,548 shares of the company's stock, valued at $240,838.24. This represents a 71.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Ole G. Rosgaard sold 783 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $70.00, for a total value of $54,810.00. Following the transaction, the chief executive officer directly owned 77,433 shares in the company, valued at approximately $5,420,310. This represents a 1.00% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,031 shares of company stock worth $3,985,590. 7.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Summit Securities Group LLC acquired a new stake in Greif in the 1st quarter valued at $37,000. Parallel Advisors LLC increased its holdings in Greif by 104.9% in the 1st quarter. Parallel Advisors LLC now owns 838 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 429 shares in the last quarter. Quarry LP acquired a new stake in Greif in the 4th quarter valued at $53,000. PharVision Advisers LLC acquired a new stake in Greif in the 4th quarter valued at $207,000. Finally, Nomura Holdings Inc. acquired a new stake in Greif in the 4th quarter valued at $209,000. 45.74% of the stock is owned by hedge funds and other institutional investors.

Greif Stock Down 1.5%

NYSE GEF traded down $1.03 during trading on Friday, reaching $68.70. 241,939 shares of the company's stock were exchanged, compared to its average volume of 178,332. Greif has a 1 year low of $48.23 and a 1 year high of $73.16. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.96 and a current ratio of 1.27. The stock has a market cap of $3.26 billion, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99. The company has a 50 day moving average price of $59.96 and a two-hundred day moving average price of $58.40.

Greif (NYSE:GEF - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.11. The firm had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.43 billion. Greif had a return on equity of 10.21% and a net margin of 3.74%. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 EPS. On average, equities research analysts anticipate that Greif will post 4.11 EPS for the current fiscal year.

Greif Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 17th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Tuesday, June 17th. Greif's dividend payout ratio (DPR) is 60.85%.

About Greif

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.