Greif (NYSE:GEF) Price Target Lowered to $67.00 at Wells Fargo & Company

Greif (NYSE:GEF - Get Free Report) had its target price lowered by research analysts at Wells Fargo & Company from $75.00 to $67.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the industrial products company's stock. Wells Fargo & Company's price objective would indicate a potential upside of 21.44% from the company's previous close.

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

Greif Stock Performance

Shares of GEF traded down $0.59 during mid-day trading on Tuesday, hitting $55.17. The stock had a trading volume of 153,101 shares, compared to its average volume of 171,041. Greif has a 52 week low of $48.23 and a 52 week high of $73.16. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.53 and a quick ratio of 1.13. The business has a fifty day moving average price of $53.78 and a 200-day moving average price of $58.97. The firm has a market cap of $2.62 billion, a P/E ratio of 12.21, a PEG ratio of 1.02 and a beta of 0.94.

Greif (NYSE:GEF - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The industrial products company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.08 by $0.11. Greif had a net margin of 4.81% and a return on equity of 11.84%. The business's revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 earnings per share. On average, equities research analysts expect that Greif will post 4.11 EPS for the current year.

Insider Buying and Selling at Greif

In other Greif news, Director Frank Calhoun V. Miller acquired 1,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $58.50 per share, for a total transaction of $58,500.00. Following the completion of the transaction, the director now directly owns 1,000 shares of the company's stock, valued at approximately $58,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark A. Emkes purchased 3,000 shares of the company's stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $55.89 per share, with a total value of $167,670.00. Following the completion of the purchase, 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. Company insiders own 7.60% of the company's stock.

Hedge Funds Weigh In On Greif

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its position in shares of Greif by 5.6% during the 4th quarter. QRG Capital Management Inc. now owns 3,966 shares of the industrial products company's stock valued at $242,000 after buying an additional 211 shares in the last quarter. Robertson Stephens Wealth Management LLC raised its holdings in Greif by 4.2% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,541 shares of the industrial products company's stock valued at $342,000 after buying an additional 221 shares during the period. Benjamin Edwards Inc. boosted its position in shares of Greif by 4.3% during the first quarter. Benjamin Edwards Inc. now owns 7,459 shares of the industrial products company's stock valued at $410,000 after buying an additional 308 shares during the period. Parallel Advisors LLC boosted its position in shares of Greif by 104.9% during the first quarter. Parallel Advisors LLC now owns 838 shares of the industrial products company's stock valued at $46,000 after buying an additional 429 shares during the period. Finally, Bank of Montreal Can grew its stake in shares of Greif by 7.8% during the fourth quarter. Bank of Montreal Can now owns 6,013 shares of the industrial products company's stock valued at $368,000 after buying an additional 433 shares during the last quarter. 45.74% of the stock is 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.