Truist Financial Keeps Their Hold Rating on Greif Class A (GEF)

In a report released today, Michael Roxland from Truist Financial maintained a Hold rating on Greif Class A. The company’s shares closed yesterday at $65.83.

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According to TipRanks, Roxland is a 4-star analyst with an average return of 4.6% and a 53.04% success rate. Roxland covers the Consumer Cyclical sector, focusing on stocks such as Smurfit Westrock, Ball, and Greif Class A.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Greif Class A with a $80.00 average price target, a 21.53% upside from current levels. In a report released yesterday, Bank of America Securities also maintained a Hold rating on the stock with a $77.00 price target.

Based on Greif Class A’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $1.39 billion and a net profit of $47.3 million. In comparison, last year the company earned a revenue of $1.37 billion and had a net profit of $44.4 million

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GEF in relation to earlier this year. Earlier this month, Timothy Bergwall, the SVP & CCO of GEF sold 2,000.00 shares for a total of $133,000.00.