Follow The Ratings: KeyBanc Says Its Time To Downgrade Greif (GEF)

November 29, 2016 - By Winifred Garcia

Follow The Ratings: KeyBanc Says Its Time To Downgrade Greif (GEF)

Greif (GEF) Downgrade

In a analysts note issued today, KeyBanc lowered shares of Greif (GEF) to a “Underweight” rating from a “Sector Weight” rating.

Greif, Inc. (NYSE:GEF) Ratings Coverage

Out of 2 analysts covering Greif (GEF), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Greif has been the topic of 2 analyst reports since September 6, 2016 according to StockzIntelligence Inc. The firm has “Market Perform” rating given on Monday, November 21 by Wells Fargo. Bank of America upgraded the stock to “Buy” rating in Tuesday, September 6 report.

About 108,586 shares traded hands. Greif, Inc. (GEF) has risen 52.18% since April 26, 2016 and is uptrending. It has outperformed by 46.93% the S&P500.

Analysts await Greif, Inc. (NYSE:GEF) to report earnings on December, 7 after the close. They expect $0.68 earnings per share, down 10.53% or $0.08 from last year’s $0.76 per share. GEF’s profit will be $35.97M for 19.32 P/E if the $0.68 EPS becomes a reality. After $0.91 actual earnings per share reported by Greif, Inc. for the previous quarter, Wall Street now forecasts -25.27% negative EPS growth.

Insitutional Activity: The institutional sentiment decreased to 1.06 in 2016 Q2. Its down 0.10, from 1.16 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.

Springbok Cap Management Ltd Liability has 0.08% invested in the company for 16,211 shares. Carret Asset Management Limited Company holds 0.05% of its portfolio in Greif, Inc. (NYSE:GEF) for 7,100 shares. Legal And General Public Limited Com, a United Kingdom-based fund reported 26,172 shares. Axa owns 91,500 shares or 0.02% of their US portfolio. Hancock holds 0.04% or 24,181 shares in its portfolio. Invesco Ltd holds 0% or 220,893 shares in its portfolio. The Texas-based Texas Permanent School Fund has invested 0.01% in Greif, Inc. (NYSE:GEF). Walleye Trading Ltd holds 0% or 208 shares in its portfolio. Laurion Cap Mngmt Lp accumulated 13,000 shares or 0.01% of the stock. Blackrock Japan Limited accumulated 0% or 935 shares. The Illinois-based Envestnet Asset Mgmt has invested 0% in Greif, Inc. (NYSE:GEF). State Bank Of Ny Mellon holds 0.01% or 466,816 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 621 shares or 0% of the stock. Trexquant Investment L P has 16,059 shares for 0.08% of their US portfolio. Bb&T Secs Ltd has invested 0.01% of its portfolio in Greif, Inc. (NYSE:GEF).

Insider Transactions: Since July 8, 2016, the stock had 0 insider purchases, and 1 sale for $132,300 net activity. 3,500 Greif, Inc. (NYSE:GEF) shares with value of $132,300 were sold by MARTZ GARY R.

Greif, Inc. is a producer of industrial packaging services and products. The company has a market cap of $2.78 billion. 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. It has a 31.9 P/E ratio. The Firm operates in four business divisions: Rigid Industrial Packaging & Services; Flexible Products & Services; Paper Packaging, and Land Management.

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.”

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.

More important recent Greif, Inc. (NYSE:GEF) news were published by: Businesswire.com which released: “Greif, Inc. Announces New $1.1 Billion Senior Credit Facility” on November 03, 2016, also Businesswire.com published article titled: “Greif, Inc. Announces 2016 Fourth Quarter Earnings Release and Conference Call …”, Businesswire.com published: “Greif, Inc. Announces 2016 Second Quarter Earnings Release and Conference Call …” on May 18, 2016. More interesting news about Greif, Inc. (NYSE:GEF) was released by: Forbes.com and their article: “Ex-Dividend Reminder: General Electric, Joy Global and Greif” with publication date: September 13, 2016.

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