Alert: Positive Investment/Fundamental Signals (4/1/24)-Greif Inc. (NYSE: GEF)

out_logo_500#08134.jpg

Greif Inc. (NYSE: GEF). Extremely significant positive changes in investment behavior have recently occurred: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.

Meaningful positive changes in Greif Inc. (NYSE: GEF) fundamentals have recently occurred. Positive developments: the consensus estimate for October, 2025 increased significantly, the consensus estimate for October, 2024 increased significantly, and significant quarterly earnings acceleration occurred. Negative development: significant quarterly sales deceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.

out_mm#08134.jpg

Current PriceTarget Research Rating

GEF’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.

Greif has a current Value Trend Rating of C (High Neutral). 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 66, with the High Neutral Value Trend Rating the result.

Recent Price Action

On 4/1/24, Greif Inc. (NYSE: GEF) stock declined modestly by -1.1%, closing at $68.29. Moreover, trading volume in this decline was unusually high at 164% of normal. Relative to the market the stock has been weak over the last nine months but has risen 3.8% during the last week.

Be the first to comment

Leave a Reply

Your email address will not be published.


*