Greif - GEF Stock Forecast, Price & News

4 Wall Street 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 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 equities research analysts have issued 12 month target prices 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 3.3% from the stock's current price.
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Greif's stock was trading at $67.06 at the beginning of 2023. Since then, GEF shares have increased by 3.9% and is now trading at $69.68.
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Greif saw a increase in short interest in the month of December. As of December 15th, there was short interest totaling 1,160,000 shares, an increase of 12.6% from the November 30th total of 1,030,000 shares. Based on an average trading volume of 265,700 shares, the days-to-cover ratio is currently 4.4 days. Approximately 4.7% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our GEF earnings forecast.

Greif, Inc. (NYSE:GEF) released its quarterly earnings results on Wednesday, December, 7th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by $0.14. The industrial products company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.59 billion. Greif had a net margin of 5.93% and a trailing twelve-month return on equity of 27.69%.

Greif declared a quarterly dividend on Tuesday, December 6th. Shareholders of record on Friday, December 16th will be given a dividend of $0.50 per share on Sunday, January 1st. This represents a $2.00 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Thursday, December 15th.
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 2.87%. 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 31.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GEF will have a dividend payout ratio of 33.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GEF.

Greif issued an update on its FY 2022 earnings guidance on Friday, December, 9th. The company provided earnings per share guidance of $7.90-$8.10 for the period, compared to the consensus EPS estimate of $8.02. 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 many different institutional and retail investors. Top institutional investors include New York State Teachers Retirement System (0.13%), Allspring Global Investments Holdings LLC (0.12%), Comerica Bank (0.04%), Twelve Points Wealth Management LLC (0.03%), Private Advisor Group LLC (0.03%) and Yousif Capital Management LLC (0.03%). 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 $69.68.

Greif (NYSE:GEF) has a market capitalization of $3.30 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 $6.30 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.