GEF Stock Summary and Trading Ideas (Greif Class A | NYSE:GEF)

Greif Inc is a producer of industrial packaging products and services with manufacturing facilities located in many countries. It offers a comprehensive line of rigid industrial packaging products, such as steel, fiber, and plastic drums, rigid intermediate bulk containers, closure systems for industrial packaging products, transit protection products, water bottles and remanufactured and reconditioned industrial containers, and services, such as container life cycle management, blending, filling, logistics, warehousing, and other packaging services. The company operates in three reportable business segments including Global Industrial Packaging, Paper Packaging and Services, and Land Management. It operates in North and Latin America, Europe, Middle East, Africa and Asia Pacific regions.

Greif Class A trades on the NYSE stock market under the symbol GEF.

As of April 15, 2024, GEF stock price declined to $63.18 with 321,370 million shares trading.

GEF has a beta of 0.87, meaning it tends to be less sensitive to market movements. GEF has a correlation of 0.16 to the broad based SPY ETF.

GEF has a market cap of $3.63 billion. This is considered a Mid Cap stock.

Last quarter Greif Class A reported $1 billion in Revenue and $1.27 earnings per share. This fell short of revenue expectation by $-74 million and exceeded earnings estimates by $.80.

In the last 3 years, GEF stock traded as high as $76.00 and as low as $53.65.

The top ETF exchange traded funds that GEF belongs to (by Net Assets): VTI, IJH, VB, IWM, VXF.

GEF has underperformed the market in the last year with a price return of +2.8% while the SPY ETF gained +25.3%. GEF has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.4% and -8.5%, respectively, while the SPY returned +6.2% and -3.6%, respectively.

GEF support price is $62.37 and resistance is $64.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GEF stock will trade within this expected range on the day.