Stock Rating Upgrade
The Value Trend Rating for Greif Inc. (NYSE: GEF) improved of late from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Greif Inc. (NYSE: GEF) stock closed at $63.00 on 3/18/24 after a modest decline of -1.0%. Moreover, trading volume in this decline was above average at 137% of normal. The stock has declined -2.7% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, GEF is expected to continue to be a Value Builder.
Greif has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Greif has a neutral Power Rating of 58 and a slightly positive Appreciation Score of 68, and the Positive Value Trend Rating results.
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