Greif, Inc. (GEF)’s Bearish H&S Pattern Points to Higher Stock Risks

March 19, 2018 - By Peter Erickson

Investors sentiment increased to 1.17 in 2017 Q3. Its up 0.39, from 0.78 in 2017Q2. It increased, 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.
Gsa Cap Prtn Ltd Liability Partnership owns 86,007 shares. Louisiana State Employees Retirement System invested in 0.02% or 6,900 shares. Heartland Advsr Inc stated it has 222,122 shares. First Mercantile Trust has invested 0.08% of its portfolio in Greif, Inc. (NYSE:GEF). American Inc has invested 0.02% in Greif, Inc. (NYSE:GEF). Moreover, Assetmark has 0% invested in Greif, Inc. (NYSE:GEF) for 27 shares. Macquarie, Australia-based fund reported 10,500 shares. 3,678 were reported by Sg Americas Securities Ltd Com. Pathstone Family Office Ltd owns 0.01% invested in Greif, Inc. (NYSE:GEF) for 171 shares. Stevens Management Ltd Partnership holds 0.02% or 7,326 shares in its portfolio. Amalgamated Savings Bank holds 3,505 shares or 0.01% of its portfolio. 56,590 were accumulated by Manufacturers Life Ins Company The. Jefferies Gru Ltd Liability Company has invested 0.02% of its portfolio in Greif, Inc. (NYSE:GEF). Weaver C Barksdale Assocs Incorporated has invested 0.02% in Greif, Inc. (NYSE:GEF). Teachers Retirement Sys Of The State Of Kentucky, Kentucky-based fund reported 5,620 shares.

Since September 27, 2017, it had 0 insider purchases, and 1 insider 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. On Thursday, June 8 the stock rating was maintained by BMO Capital Markets with “Hold”. As per Tuesday, September 6, the company rating was upgraded by Bank of America. As per Friday, December 8, the company rating was maintained by KeyBanc Capital Markets. The stock of Greif, Inc. (NYSE:GEF) earned “Sell” rating by KeyBanc Capital Markets on Thursday, March 1. The firm has “Market Perform” rating by Wells Fargo given on Monday, November 21. Bank of America maintained the shares of GEF in report on Tuesday, March 13 with “Buy” rating. The rating was maintained by Bank of America with “Buy” on Friday, June 9. BMO Capital Markets upgraded Greif, Inc. (NYSE:GEF) on Wednesday, September 2 to “Outperform” rating. BMO Capital Markets maintained Greif, Inc. (NYSE:GEF) on Monday, April 24 with “Hold” rating. BMO Capital Markets maintained Greif, Inc. (NYSE:GEF) on Monday, September 18 with “Hold” rating.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.