5. Greif Inc. (NYSE:GEF)
Average Price Target Upside Potential According to Analysts: 25.40%
Number of Hedge Fund Holders: 15
Greif Inc. (NYSE:GEF) is a global leader in manufacturing industrial packaging products and services. The company produces a variety of items, including steel, plastic, and fiber drums, jerrycans, intermediate bulk containers, corrugated boxes, and various types of paperboard. The company also offers packaging accessories and services to various industries such as food and beverage, agriculture, chemicals, and pharmaceuticals. The company’s land management subsidiary, Soterra, offers timberland management services. Soterra manages over 240,00 acres of land in the Southeastern US. Greif Inc. (NYSE:GEF) is one of the best land stocks to buy according to analysts.
In the fiscal fourth quarter of 2024, the company reported a net income of $63.4 million, down 6.5% from $67.8 million in the same period last year. The company’s performance was influenced by the ongoing challenges in the industrial sector. On a positive note, in the Paper Packaging & Services segment, Greif Inc. (NYSE:GEF) saw an increase in net sales by $42.9 million, reaching a total of $624.5 million. This growth was mainly due to higher average selling prices linked to increased costs of containerboard and boxboard products.
The company is actively pursuing growth and profitability through strategic initiatives. Greif Inc. (NYSE:GEF) has announced a cost optimization plan aimed at eliminating $100 million in structural costs by 2027 through improved operational efficiencies and network optimization.
Additionally, in September 2024, Greif Inc. (NYSE:GEF) opened a new facility in Pasir Gudang, Malaysia, focusing on manufacturing Intermediate Bulk Containers (IBCs). This expansion underscores the company’s commitment to enhancing its packaging solutions and growing its business. With its diverse product offerings, strategic land management practices, and proactive growth strategies, Greif Inc. (NYSE:GEF) is well-positioned for future success in the land and timber sector, making it an appealing investment opportunity.
