Ratings Don’t Lie: KeyBanc Capital Markets Cuts Greif Inc (NYSE:GEF) To Underweight

November 29, 2016 - By Clifton Ray

Ratings Don't Lie: KeyBanc Capital Markets Cuts Greif Inc (NYSE:GEF) To Underweight

Greif Inc (NYSE:GEF) Downgrade

New York-listed Greif Inc (NYSE:GEF), was lowered by analysts at KeyBanc Capital Markets. KeyBanc Capital Markets lowered its rating on the $2.70B market cap company to a Underweight from a previous Sector Weight.

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 -16.27% below today’s ($51.95) stock price. Greif has been the topic of 13 analyst reports since August 11, 2015 according to StockzIntelligence Inc. DA Davidson downgraded Greif, Inc. (NYSE:GEF) rating on Monday, November 21. DA Davidson has “Underperform” rating and $47 price target. The stock of Greif, Inc. (NYSE:GEF) earned “Market Perform” rating by BMO Capital Markets on Thursday, June 9. The stock of Greif, Inc. (NYSE:GEF) earned “Neutral” rating by DA Davidson on Friday, September 2. As per Tuesday, August 25, the company rating was upgraded by Zacks. The rating was upgraded by Bank of America on Tuesday, September 6 to “Buy”. As per Tuesday, August 18, the company rating was upgraded by DA Davidson. The rating was downgraded by Zacks on Monday, August 31 to “Hold”. Wells Fargo downgraded Greif, Inc. (NYSE:GEF) on Monday, November 21 to “Market Perform” rating. As per Wednesday, May 25, the company rating was downgraded by BMO Capital Markets. The stock has “Hold” rating given by Zacks on Tuesday, August 11.

About 414,512 shares traded hands or 108.93% up from the average. 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 $35.34M for 19.10 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 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.

Blair William & Commerce Il has invested 0% of its portfolio in Greif, Inc. (NYSE:GEF). Lsv Asset Management holds 0.02% or 250,915 shares in its portfolio. Convergence Partners Lc holds 40,440 shares or 0.21% of its portfolio. The Minnesota-based Walleye Trading Ltd Llc has invested 0% in Greif, Inc. (NYSE:GEF). Barclays Public Ltd Com accumulated 684 shares or 0% of the stock. The New York-based Morgan Stanley has invested 0% in Greif, Inc. (NYSE:GEF). Old Mutual Global (Uk) Limited holds 13,961 shares or 0.01% of its portfolio. Moreover, Acadian Asset Mgmt Limited Co has 0.02% invested in Greif, Inc. (NYSE:GEF) for 81,072 shares. California State Teachers Retirement Systems last reported 0% of its portfolio in the stock. Oregon Public Employees Retirement Fund holds 0.01% of its portfolio in Greif, Inc. (NYSE:GEF) for 8,599 shares. Tower Rech Capital Ltd Llc (Trc) accumulated 0% or 1,366 shares. The California-based Los Angeles Capital Mngmt Equity Rech has invested 0.02% in Greif, Inc. (NYSE:GEF). Moreover, Creative Planning has 0% invested in Greif, Inc. (NYSE:GEF) for 100 shares. Deutsche Commercial Bank Ag last reported 0% of its portfolio in the stock. Moreover, Advsr Asset Mngmt has 0.23% invested in Greif, Inc. (NYSE:GEF) for 373,958 shares.

Insider Transactions: Since July 8, 2016, the stock had 0 insider purchases, and 1 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 $2.70 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 31.07 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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