Greif - GEF Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Greif in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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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5 brokers have issued twelve-month target prices for Greif's shares. Their GEF share price forecasts range from $58.00 to $90.00. On average, they predict the company's stock price to reach $71.60 in the next twelve months. This suggests a possible upside of 18.8% from the stock's current price.
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Greif's stock was trading at $60.37 at the start of the year. Since then, GEF stock has decreased by 0.1% and is now trading at $60.29.
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Greif saw a decline in short interest during the month of September. As of September 15th, there was short interest totaling 971,800 shares, a decline of 7.4% from the August 31st total of 1,050,000 shares. Based on an average daily volume of 250,500 shares, the days-to-cover ratio is presently 3.9 days. Currently, 4.0% of the company's shares are sold short.
View Greif's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 14th 2022.
View our GEF earnings forecast.

Greif, Inc. (NYSE:GEF) issued its earnings results on Wednesday, August, 31st. The industrial products company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.37. The industrial products company earned $1.62 billion during the quarter, compared to analyst estimates of $1.60 billion. Greif had a net margin of 5.93% and a trailing twelve-month return on equity of 29.00%. Greif's quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $1.93 earnings per share.

Greif announced a quarterly dividend on Wednesday, August 31st. Stockholders of record on Friday, September 16th will be given a dividend of $0.50 per share on Saturday, October 1st. This represents a $2.00 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Thursday, September 15th. This is an increase from the stock's previous quarterly dividend of $0.46.
Read our dividend analysis for GEF.

Greif (NYSE:GEF) pays an annual dividend of $2.00 per share and currently has a dividend yield of 3.18%. 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 31.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GEF will have a dividend payout ratio of 28.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GEF.

Greif updated its FY 2022 earnings guidance on Wednesday, September, 28th. The company provided earnings per share guidance of $7.90-$8.10 for the period, compared to the consensus estimate of $7.62. The company issued revenue guidance of -.

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 variety of retail and institutional investors. Top institutional shareholders include Exchange Traded Concepts LLC (0.00%). 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 and Vicki L Avril-Groves.
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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 $60.29.

Greif (NYSE:GEF) has a market capitalization of $2.87 billion and generates $5.56 billion in revenue each year. The industrial products company earns $390.70 million in net income (profit) each year or $6.37 on an earnings per share basis.

The company employs 16,000 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.