Greif (GEF) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Greif in the last twelve months. There are currently 2 sell ratings, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GEF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GEF, but not buy additional shares or sell existing shares.
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4 brokers have issued 1 year price objectives for Greif's shares. Their GEF share price forecasts range from $62.00 to $90.00. On average, they predict the company's share price to reach $72.00 in the next twelve months. This suggests a possible upside of 18.1% from the stock's current price.
View analysts price targets for GEF or view top-rated stocks among Wall Street analysts.

Greif's stock was trading at $67.06 at the beginning of 2023. Since then, GEF shares have decreased by 9.1% and is now trading at $60.95.
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Greif saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 896,400 shares, a decrease of 6.2% from the April 30th total of 955,900 shares. Based on an average daily trading volume, of 177,800 shares, the short-interest ratio is presently 5.0 days. Approximately 3.6% of the company's stock are sold short.
View Greif's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023.
View our GEF earnings forecast.

Greif will be holding an earnings conference call on Thursday, June 8th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Greif, Inc. (NYSE:GEF) issued its earnings results on Wednesday, March, 1st. The industrial products company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.26 by $0.20. The industrial products company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.35 billion. Greif had a trailing twelve-month return on equity of 25.66% and a net margin of 7.53%. The firm's revenue was down 18.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 EPS.

Greif declared a quarterly dividend on Tuesday, February 28th. Stockholders of record on Friday, March 17th will be given a dividend of $0.50 per share on Saturday, April 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Thursday, March 16th.
Read our dividend analysis for GEF.

ETFs with the largest weight of Greif (NYSE:GEF) stock in their portfolio include Invesco S&P MidCap Value with Momentum ETF (XMVM), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Cambria Shareholder Yield ETF (SYLD), Invesco S&P MidCap 400 Pure Value ETF (RFV), WisdomTree U.S. SmallCap Dividend Fund (DES), Hartford Multifactor Small Cap ETF (ROSC), First Trust Mid Cap Value AlphaDEX Fund (FNK) and iShares US Small Cap Value Factor ETF (SVAL).

Greif (NYSE:GEF) pays an annual dividend of $2.00 per share and currently has a dividend yield of 3.28%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GEF will have a dividend payout ratio of 35.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GEF.

8 employees have rated Greif Chief Executive Officer Peter Watson on Glassdoor.com. Peter Watson has an approval rating of 100% among the company's employees. This puts Peter Watson in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Greif investors own include Bank of America (BAC), Advanced Micro Devices (AMD), Intel (INTC), AbbVie (ABBV), Walgreens Boots Alliance (WBA), Fossil Group (FOSL), Micron Technology (MU), American Eagle Outfitters (AEO), Broadcom (AVGO) and Ciena (CIEN).

Greif trades on the New York Stock Exchange (NYSE) under the ticker symbol "GEF."

Greif's stock is owned by a number of institutional and retail investors. Top institutional investors include LSV Asset Management (3.02%), Gamco Investors INC. ET AL (1.06%), William Blair Investment Management LLC (1.04%), AQR Capital Management LLC (1.00%), Ameriprise Financial Inc. (0.57%) and Victory Capital Management Inc. (0.50%). Insiders that own company stock include Bala Sathyanarayanan, Gary R Martz, Gary R Martz, Lawrence A Hilsheimer, Mark A Emkes, Nicholas Joseph Petitti, Ole G Rosgaard, Patrick Gerard Mullaney, Timothy Bergwall, Tina R Schoner and Vicki L Avril-Groves.
View institutional ownership trends.

Shares of GEF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GEF stock can currently be purchased for approximately $60.95.

Greif (NYSE:GEF) has a market capitalization of $2.89 billion and generates $6.35 billion in revenue each year. The industrial products company earns $376.70 million in net income (profit) each year or $7.66 on an earnings per share basis.

The company employs 12,000 workers across the globe.

Greif's mailing address is 425 WINTER ROAD, DELAWARE OH, 43015. The official website for the company is www.greif.com. The industrial products company can be reached via phone at (740) 549-6000, via email at matt.eichmann@greif.com, or via fax at 740-549-6100.