Worth Watching: Greif, Inc. on Focus After Trading At 52-Week Highs

Worth Watching: Greif, Inc. on Focus After Trading At 52 Week Highs

The stock of Greif, Inc. (NYSE:GEF) hit a new 52-week high and has $68.60 target or 32.00% above today’s $51.97 share price. The 5 months bullish chart indicates low risk for the $2.86B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $68.60 price target is reached, the company will be worth $915.20 million 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 123,613 shares traded hands. Greif, Inc. (NYSE:GEF) has risen 57.96% since April 11, 2016 and is uptrending. It has outperformed by 51.81% 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. BMO Capital Markets downgraded the shares of GEF in a report on Wednesday, May 25 to “Market Perform” rating. BMO Capital Markets downgraded the stock to “Market Perform” rating in Thursday, June 9 report. The rating was downgraded by Zacks to “Hold” on Monday, August 31. The rating was downgraded by DA Davidson on Friday, September 2 to “Neutral”. The stock of Greif, Inc. (NYSE:GEF) earned “Outperform” rating by BMO Capital Markets on Wednesday, September 2. The rating was downgraded by Zacks to “Hold” on Tuesday, August 11. Zacks upgraded the shares of GEF in a report on Tuesday, August 25 to “Sell” rating. The firm earned “Buy” rating on Tuesday, August 18 by DA Davidson.

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 Q2 2016. Its down 0.80, from 1.96 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.
Acadian Asset Ltd holds 0.02% of its portfolio in Greif, Inc. (NYSE:GEF) for 81,072 shares. Burney reported 41,962 shares or 0.11% of all its holdings. Goldman Sachs Gru holds 159,213 shares or 0% of its portfolio. Federated Pa reported 17,292 shares or 0% of all its holdings. Moreover, Breton Hill Cap Limited has 0.07% invested in Greif, Inc. (NYSE:GEF) for 5,500 shares. Credit Suisse Ag reported 74,405 shares or 0% of all its holdings. Cornercap Investment Counsel Inc, a Georgia-based fund reported 15,240 shares. Advsr Asset Management, a Colorado-based fund reported 373,958 shares. Intll Group has 63,816 shares for 0% of their US portfolio. Natl Bank Of New York Mellon Corporation has invested 0.01% of its portfolio in Greif, Inc. (NYSE:GEF). Arizona State Retirement System accumulated 0.01% or 10,103 shares. State Street Corp holds 0% or 888,643 shares in its portfolio. Vanguard Group, a Pennsylvania-based fund reported 2.28 million shares. Connor Clark Lunn Inv Mngmt Ltd has 0.02% invested in the company for 62,425 shares. Hancock Holdg holds 24,181 shares or 0.04% of its portfolio.

Insider Transactions: Since July 8, 2016, the stock had 0 buys, and 1 sale for $132,300 net activity. $132,300 worth of Greif, Inc. (NYSE:GEF) was sold by MARTZ GARY R on Friday, July 8.

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 Marketwatch.com with their article: “Virtual Stock Exchange” published on December 21, 2009, Quotes.Wsj.com published: “DOW JONES, A NEWS CORP COMPANY” on September 14, 2010. 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. Announces 2015 Fourth Quarter Earnings Release and Conference Call …” with publication date: December 04, 2015.

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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