Spain’s credit rating upgraded to ’A+’ by S&P on strong growth
Investing.com - Truist Securities lowered its price target on Greif Inc. (NYSE:GEF) to $71.00 from $72.00 while maintaining a Hold rating on Monday. According to InvestingPro data, the stock appears slightly undervalued, with analyst targets ranging from $68 to $93.
The industrial packaging company reported fiscal third-quarter Class A operating earnings per share of $1.03, below Truist Securities’ estimate of $1.28 and the Street consensus of $1.09.
Combined adjusted EBITDA, including EBITDA from discontinued operations, reached approximately $220.9 million, slightly below Truist’s model of $226.8 million but above the Street’s $194.6 million estimate.
In the third quarter, Greif realized $20 million in run-rate savings toward its fiscal 2025 target of $15-25 million, with approximately $15 million coming from SG&A expenses and the remainder from network optimization.
The company completed its containerboard divestiture on August 31 and expects to finalize the sale of timberlands on October 1, according to Truist’s research note.
In other recent news, Greif, Inc. has completed the sale of its containerboard business to Packaging Corporation of America. This move is anticipated to provide immediate value to shareholders and help the company achieve more consistent earnings, improve capital efficiency, and accelerate debt reduction. Additionally, Greif Bros Corporation reported its third-quarter 2025 earnings, surpassing expectations with an earnings per share (EPS) of $1.03, compared to the forecasted $0.9367. The company also reported revenue of $1.13 billion, exceeding the anticipated $998.44 million. These financial results highlight the company’s strong performance and operational success. Analyst firms have noted these developments, emphasizing the positive outlook for Greif. The recent transaction and earnings report underscore Greif’s strategic initiatives to enhance shareholder value.
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