Wells Fargo analyst Gabrial Hajde has maintained their bullish stance on GEF stock, giving a Buy rating on June 5.
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Gabrial Hajde has given his Buy rating due to a combination of factors that highlight Greif Class A’s strong performance and strategic initiatives. Despite a challenging macroeconomic environment, Greif has demonstrated significant resilience, with its stock outperforming the S&P 500 by a substantial margin. The management’s effective control over operational elements and their strategic focus on less cyclical verticals are expected to drive further growth.
Moreover, Greif’s pathway to achieving over $1 billion in EBITDA by FY2027 is supported by anticipated volume recovery, cost savings, and discrete items. The company’s recent success in targeted growth markets, such as agriculture and pharmaceuticals, along with potential M&A activities, further strengthens its growth prospects. Additionally, the planned sale of timberland is expected to reduce debt levels significantly, enhancing financial stability and aligning with long-term strategic goals.
In another report released on June 5, Bank of America Securities also reiterated a Buy rating on the stock with a $71.00 price target.
GEF’s price has also changed slightly for the past six months – from $68.480 to $64.190, which is a -6.26% drop .