Greif Stock Hits New 52-Week High (GEF)

NEW YORK ( TheStreet) -- Greif (NYSE: GEF) hit a new 52-week high Friday as it traded at $65.86 compared with its previous 52-Week high of $65.76. Greif is changing hands at $65.57 with 6,542 shares traded as of 10:02 a.m. ET. Average volume has been 135,200 shares over the past 30 days.

Greif has a market cap of $1.6 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 5.5% year to date as of the close of trading on Thursday.

Greif, Inc. engages in the manufacture and sale of industrial packaging products, and containerboard and corrugated products worldwide. It operates in three segments: Industrial Packaging, Paper Packaging, and Land Management. The company has a P/E ratio of 16.7, above the average consumer non-durables industry P/E ratio of 13.5 and above the S&P 500 P/E ratio of 16.4.
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TheStreet Ratings rates Greif as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Greif Ratings Report.

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