Seaport Global Securities Reaffirms Buy Rating for W. R. Grace & Co (GRA)

W. R. Grace & Co (NYSE:GRA)‘s stock had its “buy” rating reiterated by investment analysts at Seaport Global Securities in a research note issued to investors on Monday. They currently have a $82.00 price target on the specialty chemicals company’s stock. Seaport Global Securities’ price target points to a potential upside of 25.23% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. KeyCorp reissued a “buy” rating and issued a $77.00 price target on shares of W. R. Grace & Co in a report on Tuesday, October 17th. TheStreet downgraded shares of W. R. Grace & Co from a “b-” rating to a “c” rating in a report on Thursday. Zacks Investment Research raised shares of W. R. Grace & Co from a “strong sell” rating to a “hold” rating in a report on Thursday, January 18th. Finally, Jefferies Group reissued a “hold” rating and issued a $77.00 price target on shares of W. R. Grace & Co in a report on Thursday, October 26th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $81.60.

Shares of W. R. Grace & Co (GRA) traded up $0.64 during trading hours on Monday, hitting $65.48. 525,968 shares of the company were exchanged, compared to its average volume of 688,518. The company has a quick ratio of 1.06, a current ratio of 1.59 and a debt-to-equity ratio of 3.83. The stock has a market cap of $4,393.77, a P/E ratio of 406.06, a P/E/G ratio of 1.45 and a beta of 1.16. W. R. Grace & Co has a 52 week low of $62.58 and a 52 week high of $77.37.

W. R. Grace & Co (NYSE:GRA) last issued its quarterly earnings results on Thursday, February 8th. The specialty chemicals company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.02. The company had revenue of $459.50 million for the quarter, compared to the consensus estimate of $453.84 million. W. R. Grace & Co had a net margin of 0.65% and a return on equity of 57.99%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 EPS. analysts predict that W. R. Grace & Co will post 3.72 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. American International Group Inc. bought a new stake in W. R. Grace & Co in the 4th quarter valued at about $113,000. Cerebellum GP LLC bought a new stake in W. R. Grace & Co in the 4th quarter valued at about $124,000. The Manufacturers Life Insurance Company raised its stake in W. R. Grace & Co by 5.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,487 shares of the specialty chemicals company’s stock valued at $179,000 after acquiring an additional 133 shares during the period. US Bancorp DE raised its stake in W. R. Grace & Co by 87.7% in the 4th quarter. US Bancorp DE now owns 2,943 shares of the specialty chemicals company’s stock valued at $206,000 after acquiring an additional 1,375 shares during the period. Finally, Toronto Dominion Bank raised its stake in W. R. Grace & Co by 244.1% in the 3rd quarter. Toronto Dominion Bank now owns 2,887 shares of the specialty chemicals company’s stock valued at $208,000 after acquiring an additional 2,048 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

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About W. R. Grace & Co

W. R. Grace & Co (Grace) is engaged in the production and sale of specialty chemicals and specialty materials. The Company operates in two segments: Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications.

Analyst Recommendations for W. R. Grace & Co (NYSE:GRA)

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