Wells Fargo Upgrades Greif Inc. (GEF) to Outperform; Consistently Generate Strong Cash Flow
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Price: $50.86 -0.82%
Rating Summary:
1 Buy, 6 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
1 Buy, 6 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade GEF Now!
Wells Fargo upgraded Greif Inc. (NYSE: GEF) from Market Perform to Outperform with a price target range $46-48.
Analyst, Christopher D. Manuel, said, "In the medium and long-term, we view GEF shares as attractive given the following company specific catalysts: (1) Stabilized demand trends (albeit at depressed levels in select European geographies); (2) Multiple avenues for earnings and cash flow improvement over the next 12-24 months; (3) Attractive valuation (even in a “bad” case scenario), with an 11.7% and 12.8% FCF yield on our FY2012E and FY2013E, respectively (below historical levels); and (4) Solid 4.3% dividend yield."
For an analyst ratings summary and ratings history on Greif Inc. click here. For more ratings news on Greif Inc. click here.
Shares of Greif Inc. closed at $38.92 yesterday, with a 52 week range of $38.78-$67.33.
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Analyst, Christopher D. Manuel, said, "In the medium and long-term, we view GEF shares as attractive given the following company specific catalysts: (1) Stabilized demand trends (albeit at depressed levels in select European geographies); (2) Multiple avenues for earnings and cash flow improvement over the next 12-24 months; (3) Attractive valuation (even in a “bad” case scenario), with an 11.7% and 12.8% FCF yield on our FY2012E and FY2013E, respectively (below historical levels); and (4) Solid 4.3% dividend yield."
For an analyst ratings summary and ratings history on Greif Inc. click here. For more ratings news on Greif Inc. click here.
Shares of Greif Inc. closed at $38.92 yesterday, with a 52 week range of $38.78-$67.33.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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