Greif Inc. (NYSE: GEF) has reported earnings for its fourth fiscal quarter (ending October 31) of $1.45 versus $2.09 for the same period a year ago — a decline of -31%. However, this result exceeded the consensus estimate of $1.29 by $0.16. For the latest four quarters through October 31, E.P.S. were $7.63 compared to $7.81 a year ago — a decline of -2%.
Recent Price Action
Greif Inc. (NYSE: GEF) stock closed at $69.66 on 12/6/23 after a slight decline of -0.8%. Moreover, trading volume in this decline was exceptionally high at 235% of normal. The stock has risen 3.7% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GEF is expected to continue to be a Value Builder.
Greif has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Greif has a good Appreciation Score of 71 and a very high Power Rating of 85, producing the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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