The stock of Greif, Inc. (NYSE:GEF) hit a new 52-week high and has $92.10 target or 63.00% above today’s $56.50 share price. The 7 months bullish chart indicates low risk for the $3.14B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $92.10 price target is reached, the company will be worth $1.98B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 449,467 shares traded hands or 178.15% up from the average. Greif, Inc. (NYSE:GEF) has risen 67.94% since April 15, 2016 and is uptrending. It has outperformed by 63.31% the S&P500.
Greif, Inc. (NYSE:GEF) Ratings Coverage
Out of 3 analysts covering Greif (NYSE:GEF), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Greif has been the topic of 10 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Bank of America given on Tuesday, September 6. The firm has “Buy” rating given on Tuesday, August 18 by DA Davidson. The rating was downgraded by Zacks to “Hold” on Monday, August 31. As per Wednesday, September 2, the company rating was upgraded by BMO Capital Markets. BMO Capital Markets downgraded the stock to “Market Perform” rating in Thursday, June 9 report. DA Davidson downgraded Greif, Inc. (NYSE:GEF) rating on Friday, September 2. DA Davidson has “Neutral” rating and $45 price target. Zacks downgraded Greif, Inc. (NYSE:GEF) on Tuesday, August 11 to “Hold” rating. BMO Capital Markets downgraded Greif, Inc. (NYSE:GEF) on Wednesday, May 25 to “Market Perform” rating. The stock of Greif, Inc. (NYSE:GEF) has “Sell” rating given on Tuesday, August 25 by Zacks.
According to Zacks Investment Research, “Greif Inc. is engaged in providing industrial packaging products and services. The Company produces steel, plastic, fibre, flexible and corrugated containers, packaging accessories and containerboard, and provides blending, filling and packaging services. It also manages acreage in the United States. Greif, Inc., formerly known as Greif Bros. Corporation, is headquartered in Delaware, Ohio.”
Insitutional Activity: The institutional sentiment decreased to 1.16 in 2016 Q2. Its down 0.80, from 1.96 in 2016Q1. The ratio is negative, as 15 funds sold all Greif, Inc. shares owned while 60 reduced positions. 27 funds bought stakes while 60 increased positions. They now own 22.69 million shares or 5.01% less from 23.89 million shares in 2016Q1.
Vanguard Group Inc Inc accumulated 0.01% or 2.28M shares. Checchi Capital Advisers Ltd Limited Liability Company has 59 shares for 0% of their US portfolio. Texas Permanent School Fund holds 19,710 shares or 0.01% of its portfolio. Bnp Paribas Invest Ptnrs has 58,010 shares for 0.02% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. Bank Of Montreal Can holds 0% or 2,631 shares in its portfolio. Bnp Paribas Arbitrage has 0% invested in the company for 13,270 shares. Breton Hill Cap accumulated 0.07% or 5,500 shares. Menta Capital Limited Liability Com reported 8,700 shares or 0.04% of all its holdings. The Connecticut-based Trexquant Invest Limited Partnership has invested 0.08% in Greif, Inc. (NYSE:GEF). Federated Invsts Inc Pa last reported 0% of its portfolio in the stock. The Illinois-based Blair William Il has invested 0% in Greif, Inc. (NYSE:GEF). Wells Fargo & Company Mn reported 69,747 shares or 0% of all its holdings. Barclays Public Limited has invested 0% of its portfolio in Greif, Inc. (NYSE:GEF). Price T Rowe Associate Incorporated Md, a Maryland-based fund reported 18,180 shares.
Insider Transactions: Since July 8, 2016, the stock had 0 insider purchases, and 1 sale for $132,300 net activity. $132,300 worth of Greif, Inc. (NYSE:GEF) shares were sold by MARTZ GARY R.
More notable recent Greif, Inc. (NYSE:GEF) news were published by: Businesswire.com which released: “Greif, Inc. Announces 2016 Fourth Quarter Earnings Release and Conference Call …” on November 16, 2016, also Marketwatch.com with their article: “Plus the latest data from Realtor.com on 21 home markets across the US” published on December 21, 2009, Businesswire.com published: “Greif, Inc. Announces New $1.1 Billion Senior Credit Facility” on November 03, 2016. More interesting news about Greif, Inc. (NYSE:GEF) were released by: Businesswire.com and their article: “Greif, Inc. Announces 2016 Second Quarter Earnings Release and Conference Call …” published on May 18, 2016 as well as Businesswire.com‘s news article titled: “Greif, Inc. Declares Third Quarter 2016 Dividends” with publication date: August 30, 2016.
GEF Company Profile
Greif, Inc., incorporated on January 25, 1926, is a producer of industrial packaging services and products. The Firm operates in four business divisions: Rigid Industrial Packaging & Services; Paper Packaging; Flexible Products & Services, and Land Management. The Firm is also a producer of flexible intermediate bulk containers and sells timber to third-parties. The Firm owns timber properties located in the southeastern United States and in Canada. The Firm has manufacturing facilities located in over 50 countries. It also produces containerboard and corrugated products in North America. The Firm sells timber to third parties from its timberland in the southeastern United States. In addition, the Company sells timberland and special use land, which consists of surplus land, higher and better use (HBU) land, and development land.
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