Greif (GEF, Financial) delivered impressive second-quarter results, as observed by Wells Fargo analyst Gabe Hajde. The company's performance was marked by robust pricing in the Fiber segment and strong margin outcomes in Polymers. A significant highlight was the adjusted EBITDA, which surpassed consensus expectations by 6%, leading to an upward revision of the "low-end" guidance.
Given the low market expectations, the firm anticipates a favorable reaction from investors, assuming no unexpected developments emerge during the earnings conference call. Wells Fargo maintains an Overweight rating on Greif with a price target set at $67.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Greif Inc (GEF, Financial) is $69.80 with a high estimate of $93.00 and a low estimate of $56.00. The average target implies an upside of 26.75% from the current price of $55.07. More detailed estimate data can be found on the Greif Inc (GEF) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Greif Inc's (GEF, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Greif Inc (GEF, Financial) in one year is $76.86, suggesting a upside of 39.57% from the current price of $55.07. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Greif Inc (GEF) Summary page.
