Greif (GEF) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Greif in the last year. There are currently 2 sell ratings, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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.
View GEF analyst ratings or view top-rated stocks.

4 brokerages have issued twelve-month price targets 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 year. 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 on January 1st, 2023. Since then, GEF stock has decreased by 9.1% and is now trading at $60.95.
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Greif saw a decrease in short interest in 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 volume of 177,800 shares, the days-to-cover ratio is currently 5.0 days. Approximately 3.6% of the company's stock are short sold.
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) released its quarterly earnings data on Wednesday, March, 1st. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.26 by $0.20. The industrial products company earned $1.27 billion during the quarter, compared to analysts' expectations of $1.35 billion. Greif had a net margin of 7.53% and a trailing twelve-month return on equity of 25.66%. Greif's revenue for the quarter was down 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.28 EPS.

Greif announced a quarterly dividend on Tuesday, February 28th. Stockholders of record on Friday, March 17th will be paid a dividend of $0.50 per share on Saturday, April 1st. This represents a $2.00 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date 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 3.23%. 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 shareholders 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 $6.06 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.