Important Rating: KeyBanc Capital Mkts: Time To Decrease Faith In Greif (NYSE:GEF)

November 29, 2016 - By olga

Important Rating: KeyBanc Capital Mkts: Time To Decrease Faith In Greif (NYSE:GEF)

Greif (NYSE:GEF) Downgrade

Greif (NYSE:GEF) was lowered by KeyBanc Capital Mkts from a “Sector Weight” rating to a “Underweight” rating in a an analyst note sent to clients and investors on Tuesday morning.

Greif, Inc. (NYSE:GEF) Ratings Coverage

Out of 4 analysts covering Greif (NYSE:GEF), 0 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 0 are positive. $47 is the highest target while $40 is the lowest. The $43.50 average target is -17.60% below today’s ($52.79) stock price. Greif has been the topic of 13 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock of Greif, Inc. (NYSE:GEF) has “Outperform” rating given on Wednesday, September 2 by BMO Capital Markets. The rating was downgraded by Zacks on Tuesday, August 11 to “Hold”. The firm has “Neutral” rating by DA Davidson given on Friday, September 2. As per Monday, November 21, the company rating was downgraded by Wells Fargo. The rating was downgraded by BMO Capital Markets on Wednesday, May 25 to “Market Perform”. The stock of Greif, Inc. (NYSE:GEF) has “Sell” rating given on Tuesday, August 25 by Zacks. The rating was upgraded by Bank of America on Tuesday, September 6 to “Buy”. The stock of Greif, Inc. (NYSE:GEF) has “Underperform” rating given on Monday, November 21 by DA Davidson. On Tuesday, November 22 the stock rating was downgraded by Bank of America to “Neutral”. As per Thursday, June 9, the company rating was downgraded by BMO Capital Markets.

About 72,128 shares traded hands. Greif, Inc. (NYSE: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 EPS, down 10.53% or $0.08 from last year’s $0.76 per share. GEF’s profit will be $35.94 million for 19.41 P/E if the $0.68 EPS becomes a reality. After $0.91 actual EPS 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 Q2 2016. Its down 0.10, from 1.16 in 2016Q1. The ratio dived, 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.

Morgan Stanley owns 269,476 shares or 0% of their US portfolio. The California-based Aperio Lc has invested 0% in Greif, Inc. (NYSE:GEF). Lsv Asset Mngmt holds 0.02% of its portfolio in Greif, Inc. (NYSE:GEF) for 250,915 shares. Tudor Inv Corporation Et Al accumulated 17,141 shares or 0.01% of the stock. Retirement Sys Of Alabama last reported 33,250 shares in the company. Sg Americas Securities Limited Company reported 9,808 shares or 0% of all its holdings. Gabelli Funds Ltd Company reported 332,000 shares or 0.07% of all its holdings. Great West Life Assurance Can reported 4,329 shares or 0% of all its holdings. Ubs Asset Mngmt Americas last reported 0% of its portfolio in the stock. The New York-based Jpmorgan Chase And Communication has invested 0% in Greif, Inc. (NYSE:GEF). Fairpointe Cap Ltd Liability accumulated 88,310 shares or 0.07% of the stock. The Maryland-based Invest Counselors Of Maryland has invested 1.05% in Greif, Inc. (NYSE:GEF). The Massachusetts-based State Street has invested 0% in Greif, Inc. (NYSE:GEF). Anchor Cap Advsr Lc holds 24,669 shares or 0.02% of its portfolio. Blackrock Management Ltd Company holds 0.01% or 171,215 shares in its portfolio.

Insider Transactions: Since July 8, 2016, the stock had 0 insider purchases, and 1 insider sale for $132,300 net activity. On Friday, July 8 the insider MARTZ GARY R sold $132,300.

Greif, Inc. is a producer of industrial packaging services and products. The company has a market cap of $2.79 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 32.05 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 notable 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 with their article: “Greif, Inc. Announces 2016 Fourth Quarter Earnings Release and Conference Call …” published on November 16, 2016, 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) were released by: Forbes.com and their article: “Ex-Dividend Reminder: General Electric, Joy Global and Greif” published on September 13, 2016 as well as Bizjournals.com‘s news article titled: “Greif’s new CEO has long ties to the restructuring company” with publication date: October 14, 2015.

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