Market Rating: Is Greif (NYSE:GEF) a Sell? How Analyst Rate it? Why KeyBanc Downgraded The Stock

November 29, 2016 - By olga

Market Rating: Is Greif (NYSE:GEF) a Sell? How Analyst Rate it? Why KeyBanc Downgraded The Stock

Greif (NYSE:GEF) Downgrade

KeyBanc downgraded the shares of Greif (NYSE:GEF) from a Hold rating to a Underweight rating in a analysts report shared with investors and clients on Tuesday, 29 November.

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 -15.86% below today’s ($51.7) stock price. Greif has been the topic of 13 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Wednesday, September 2 by BMO Capital Markets. Wells Fargo downgraded the shares of GEF in a report on Monday, November 21 to “Market Perform” rating. The rating was upgraded by DA Davidson to “Buy” on Tuesday, August 18. As per Thursday, June 9, the company rating was downgraded by BMO Capital Markets. DA Davidson downgraded Greif, Inc. (NYSE:GEF) on Monday, November 21 to “Underperform” rating. The stock of Greif, Inc. (NYSE:GEF) earned “Buy” rating by Bank of America on Tuesday, September 6. On Tuesday, August 25 the stock rating was upgraded by Zacks to “Sell”. The stock of Greif, Inc. (NYSE:GEF) earned “Hold” rating by Zacks on Tuesday, August 11. BMO Capital Markets downgraded the shares of GEF in a report on Wednesday, May 25 to “Market Perform” rating. Zacks downgraded the shares of GEF in a report on Monday, August 31 to “Hold” rating.

About 184,716 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 earnings per share, down 10.53% or $0.08 from last year’s $0.76 per share. GEF’s profit will be $35.91M for 19.01 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 dropped, 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.

The Illinois-based Blair William Communications Il has invested 0% in Greif, Inc. (NYSE:GEF). The Oregon-based Oregon Public Employees Retirement Fund has invested 0.01% in Greif, Inc. (NYSE:GEF). Laurion Cap Limited Partnership accumulated 13,000 shares or 0.01% of the stock. First Tru Advsr L P has 0% invested in the company for 17,974 shares. Moreover, Nationwide Fund Advsr has 0.01% invested in Greif, Inc. (NYSE:GEF) for 81,856 shares. Systematic Financial Management L P, a New Jersey-based fund reported 45,995 shares. The New York-based Mutual Of America Cap Management Ltd Liability has invested 0.02% in Greif, Inc. (NYSE:GEF). Ls Investment Advsr Ltd Limited Liability Company, a Michigan-based fund reported 1,559 shares. Nine Chapters Capital Limited Liability accumulated 5,700 shares or 4.43% of the stock. Blackrock Group Incorporated has 0% invested in the company for 39,356 shares. Price T Rowe Associates Md has invested 0% of its portfolio in Greif, Inc. (NYSE:GEF). Connor Clark & Lunn Investment Management Limited has 0.02% invested in the company for 62,425 shares. Metropolitan Life Ins holds 0.01% or 44,123 shares in its portfolio. Schwab Charles Mgmt Incorporated accumulated 0.01% or 220,754 shares. The California-based California Public Employees Retirement System has invested 0.01% in Greif, Inc. (NYSE:GEF).

Insider Transactions: Since July 8, 2016, the stock had 0 insider buys, and 1 sale for $132,300 net activity. $132,300 worth of shares were sold by MARTZ GARY R on Friday, July 8.

Greif, Inc. is a producer of industrial packaging services and products. The company has a market cap of $2.73 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 31.39 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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