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Greif (GEF) in Focus: Stock Moves 6.3% Higher in Session

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Greif, Inc. (GEF - Free Report) was a big mover last session, as the company saw its shares rise over 5% on the day. Shares gained after the company announced better-than-estimated earnings for the third quarter of fiscal 2016 and raised its bottom-line guidance. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 15.4% in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Greif currently carries a Zacks Rank #3 (Hold).

A better-ranked stock in the broader industrial products sector is Astec Industries, Inc. (ASTE - Free Report) , sporting a Zacks Rank #1 (Strong Buy).

Is GEF going up? Or down? Predict to see what others think: Up or Down

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