Greif Inc. (NYSE:GEF) was downgraded by research analysts at KeyCorp to an “underweight” rating in a report released on Tuesday, The Fly reports.
Several other equities analysts have also issued reports on the company. Bank of America Corp. raised Greif from a “neutral” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Tuesday, September 6th. DA Davidson lowered Greif from a “neutral” rating to an “underperform” rating and set a $47.00 target price for the company. in a research report on Monday, November 21st. Zacks Investment Research lowered Greif from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Finally, Wells Fargo & Co. lowered Greif from an “outperform” rating to a “market perform” rating in a research report on Monday, November 21st. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $43.67.
Greif (NYSE:GEF) opened at 54.33 on Tuesday. The stock has a 50 day moving average of $49.72 and a 200-day moving average of $43.35. Greif has a 52-week low of $23.88 and a 52-week high of $57.97. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 32.97 and a beta of 1.46.
Large investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas raised its stake in Greif by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 3,593 shares of the company’s stock valued at $134,000 after buying an additional 442 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Greif during the third quarter valued at approximately $134,000. Northwestern Mutual Investment Management Company LLC raised its stake in Greif by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 4,450 shares of the company’s stock valued at $166,000 after buying an additional 18 shares during the last quarter. Commonwealth Equity Services Inc acquired a new stake in Greif during the second quarter valued at approximately $200,000. Finally, Breton Hill Capital Ltd. acquired a new stake in Greif during the second quarter valued at approximately $205,000. 48.36% of the stock is owned by hedge funds and other institutional investors.
Greif Company Profile
Greif, Inc is a producer of industrial packaging products and services. The Company’s products include steel, fiber and plastic drums, rigid intermediate bulk containers, closure systems, transit protection products, water bottles and reconditioned industrial containers, and offers services, such as container life cycle management, blending, filling, logistics, warehousing and other packaging services.