Greif, Inc. (GEF) Stock Formed Bearish H&S Pattern. What To Expect?

March 24, 2018 - By Jan Rainey

Investors sentiment increased to 1.17 in 2017 Q3. Its up 0.39, from 0.78 in 2017Q2. It improved, as 12 investors sold Greif, Inc. shares while 65 reduced holdings. 31 funds opened positions while 59 raised stakes. 22.47 million shares or 0.15% more from 22.43 million shares in 2017Q2 were reported.
Blair William And Il stated it has 0% of its portfolio in Greif, Inc. (NYSE:GEF). Teachers Retirement Of The State Of Kentucky has 5,620 shares for 0% of their portfolio. Morgan Stanley invested in 0.01% or 295,600 shares. Alliancebernstein Limited Partnership holds 37,369 shares. Moreover, Century Companies has 0% invested in Greif, Inc. (NYSE:GEF). Pennsylvania-based Nationwide Fund Advsrs has invested 0.01% in Greif, Inc. (NYSE:GEF). 4,935 were reported by Natixis. Advantus Cap Inc owns 3,205 shares or 0% of their US portfolio. Visionary Asset Mgmt holds 0.09% or 5,480 shares. South Dakota Council holds 9,000 shares. California Public Employees Retirement Sys has invested 0.01% in Greif, Inc. (NYSE:GEF). Parametric Portfolio Assocs Ltd Liability Company owns 144,828 shares or 0.01% of their US portfolio. Magnetar Financial Ltd Liability Corporation owns 23,334 shares or 0.03% of their US portfolio. Bank & Trust Of Montreal Can, Ontario – Canada-based fund reported 2,751 shares. The Manitoba – Canada-based Great West Life Assurance Com Can has invested 0% in Greif, Inc. (NYSE:GEF).

Since September 27, 2017, it had 0 insider purchases, and 1 insider sale for $5,514 activity.

The stock of Greif, Inc. (GEF) formed H&S with $47.31 target or 5.00 % below today’s $49.80 share price. The 6 months Head & Shoulders indicates high risk for the $2.57 billion company. It was reported on Mar, 24 by If the $47.31 price target is reached, the company will be worth $128.65 million less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock decreased 1.99% or $1.01 during the last trading session, reaching $49.8. About 178,808 shares traded. Greif, Inc. (NYSE:GEF) has risen 67.37% since March 24, 2017 and is uptrending. It has outperformed by 50.67% the S&P500.

Analysts await Greif, Inc. (NYSE:GEF) to report earnings on June, 6. They expect $0.85 EPS, up 26.87 % or $0.18 from last year’s $0.67 per share. GEF’s profit will be $43.92M for 14.65 P/E if the $0.85 EPS becomes a reality. After $0.49 actual EPS reported by Greif, Inc. for the previous quarter, Wall Street now forecasts 73.47 % EPS growth.

Greif, Inc. (NYSE:GEF) Ratings Coverage

Among 7 analysts covering Greif (NYSE:GEF), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. Greif had 40 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of Greif, Inc. (NYSE:GEF) has “Buy” rating given on Friday, June 9 by Bank of America. The stock of Greif, Inc. (NYSE:GEF) earned “Buy” rating by Robert W. Baird on Friday, June 9. The firm has “Hold” rating given on Friday, May 26 by BMO Capital Markets. KeyBanc Capital Markets maintained the stock with “Sell” rating in Thursday, March 1 report. As per Friday, December 8, the company rating was maintained by Robert W. Baird. BMO Capital Markets downgraded the shares of GEF in report on Thursday, June 9 to “Market Perform” rating. The stock has “Underperform” rating by BMO Capital Markets on Thursday, December 22. The rating was maintained by BMO Capital Markets on Friday, November 24 with “Hold”. Sidoti initiated Greif, Inc. (NYSE:GEF) on Friday, March 17 with “Buy” rating. The rating was maintained by BMO Capital Markets with “Hold” on Monday, April 24.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: