Could Greif, Inc. (GEF) Change Direction After This Head & Shoulders

March 19, 2018 - By Marguerite Chambers

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.
Virginia Retirement Et Al invested 0.03% of its portfolio in Greif, Inc. (NYSE:GEF). Creative Planning reported 0% in Greif, Inc. (NYSE:GEF). Nine Chapters Capital Management Llc holds 1.13% or 8,800 shares. Jefferies Grp Ltd Com invested in 51,018 shares. Sei Invests owns 0% invested in Greif, Inc. (NYSE:GEF) for 8 shares. Burney Co accumulated 28,522 shares. Secor Cap Advsr Lp invested in 39,762 shares. Parametric Port Associate Lc reported 144,828 shares. Hightower Advsr Ltd Company invested 0% of its portfolio in Greif, Inc. (NYSE:GEF). Visionary Asset Mngmt, Texas-based fund reported 5,480 shares. 268,912 were accumulated by Ameriprise Incorporated. Tower Capital Ltd Liability Com (Trc) owns 1,645 shares or 0.01% of their US portfolio. Raymond James And Associate has 0% invested in Greif, Inc. (NYSE:GEF). Peak6 Invs Ltd Partnership owns 856 shares. Hancock Holdings invested in 29,077 shares.

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

The stock of Greif, Inc. (GEF) formed H&S with $50.55 target or 4.00 % below today’s $52.66 share price. The 6 months Head & Shoulders indicates high risk for the $2.67B company. It was reported on Mar, 19 by If the $50.55 price target is reached, the company will be worth $106.76M 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 0.40% or $0.21 during the last trading session, reaching $52.66. About 341,502 shares traded or 54.83% up from the average. Greif, Inc. (NYSE:GEF) has risen 67.37% since March 19, 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 $43.08 million for 15.49 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 “Hold” rating given on Thursday, June 8 by BMO Capital Markets. The company was upgraded on Tuesday, August 18 by DA Davidson. The rating was downgraded by BMO Capital Markets to “Market Perform” on Thursday, June 9. The stock of Greif, Inc. (NYSE:GEF) earned “Buy” rating by Bank of America on Tuesday, January 2. The rating was downgraded by Bank of America to “Neutral” on Tuesday, November 22. The stock has “Outperform” rating by BMO Capital Markets on Wednesday, September 2. The stock has “Buy” rating by Robert W. Baird on Friday, September 1. The stock of Greif, Inc. (NYSE:GEF) earned “Buy” rating by Bank of America on Friday, January 27. As per Friday, June 9, the company rating was maintained by Robert W. Baird. The firm has “Underperform” rating given on Monday, November 21 by DA Davidson.

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