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.
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.
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