W. R. Grace & Co (NYSE:GRA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The firm currently has a $73.00 target price on the specialty chemicals company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 9.23% from the company’s current price.
According to Zacks, “W. R. Grace & Co. produces specialty chemicals. They primarily operate through the following two business segments: Davison Chemicals and Performance Chemicals. Davison Chemicals manufactures catalysts (fluid cracking, hydroprocessing and polyolein) and silica and zeolite absorbents. Performance Chemicals produces specialty construction and building materials, along with container and closure sealants. “
Several other equities research analysts also recently weighed in on the company. BMO Capital Markets set a $86.00 price objective on W. R. Grace & Co and gave the company a “buy” rating in a report on Thursday, October 25th. KeyCorp cut their price objective on W. R. Grace & Co from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, October 25th. ValuEngine raised W. R. Grace & Co from a “sell” rating to a “hold” rating in a report on Saturday, October 6th. Seaport Global Securities reissued a “buy” rating and set a $85.00 price objective on shares of W. R. Grace & Co in a report on Tuesday, July 31st. Finally, Credit Suisse Group raised their price objective on W. R. Grace & Co from $82.00 to $85.00 and gave the company a “buy” rating in a report on Friday, July 27th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $82.22.
Shares of GRA stock traded up $2.04 during trading hours on Thursday, reaching $66.83. The company’s stock had a trading volume of 733,500 shares, compared to its average volume of 775,988. The company has a market cap of $4.33 billion, a PE ratio of 19.66, a P/E/G ratio of 1.34 and a beta of 1.31. W. R. Grace & Co has a fifty-two week low of $58.48 and a fifty-two week high of $76.91. The company has a debt-to-equity ratio of 6.66, a quick ratio of 0.96 and a current ratio of 1.57.
W. R. Grace & Co (NYSE:GRA) last issued its earnings results on Wednesday, October 24th. The specialty chemicals company reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.09. The firm had revenue of $494.90 million for the quarter, compared to the consensus estimate of $472.23 million. W. R. Grace & Co had a positive return on equity of 99.77% and a negative net margin of 1.31%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 EPS. On average, equities analysts predict that W. R. Grace & Co will post 4 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in GRA. Meadow Creek Investment Management LLC bought a new position in W. R. Grace & Co during the 2nd quarter worth $103,000. Neuburgh Advisers LLC bought a new position in W. R. Grace & Co during the 2nd quarter worth $142,000. Tyers Asset Management LLC bought a new position in W. R. Grace & Co during the 2nd quarter worth $181,000. Flinton Capital Management LLC bought a new position in W. R. Grace & Co during the 2nd quarter worth $219,000. Finally, IBM Retirement Fund bought a new position in W. R. Grace & Co during the 2nd quarter worth $222,000. 85.71% of the stock is owned by institutional investors and hedge funds.
About W. R. Grace & Co
W. R. Grace & Co produces and sells specialty chemicals and materials worldwide. It operates through two segments, Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment offers fluid catalytic cracking (FCC) catalysts for the production of transportation fuels, such as gasoline and diesel fuels, and other petroleum-based products; FCC additives; and methanol-to-olefins catalysts for the conversion of methanol into petrochemical feeds, including ethylene and propylene.
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