W.R. Grace & Co. (GRA) Rating Reiterated by Jefferies Group LLC
W.R. Grace & Co. (NYSE:GRA)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Group LLC in a report released on Tuesday.
Other analysts have also issued research reports about the company. Loop Capital began coverage on W.R. Grace & Co. in a report on Thursday, September 28th. They issued a “buy” rating and a $81.00 target price for the company. Zacks Investment Research upgraded W.R. Grace & Co. from a “sell” rating to a “hold” rating in a report on Monday, August 7th. KeyCorp restated a “buy” rating and issued a $77.00 target price on shares of W.R. Grace & Co. in a report on Sunday, September 3rd. Robert W. Baird restated a “buy” rating and issued a $85.00 target price on shares of W.R. Grace & Co. in a report on Friday, September 1st. Finally, BidaskClub upgraded W.R. Grace & Co. from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $80.08.
W.R. Grace & Co. (NYSE:GRA) traded up 0.04% during midday trading on Tuesday, reaching $73.12. The company’s stock had a trading volume of 127,842 shares. The stock’s 50-day moving average price is $71.32 and its 200-day moving average price is $70.33. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 35.60 and a beta of 1.11. W.R. Grace & Co. has a 12 month low of $63.37 and a 12 month high of $74.63. W.R. Grace & Co. also saw some unusual options trading on Wednesday. Stock traders purchased 12,700 call options on the company. This represents an increase of approximately 573% compared to the average daily volume of 1,888 call options.
W.R. Grace & Co. (NYSE:GRA) last released its earnings results on Thursday, July 27th. The specialty chemicals company reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.04. The company had revenue of $429.50 million during the quarter, compared to analyst estimates of $407.72 million. W.R. Grace & Co. had a return on equity of 43.88% and a net margin of 8.20%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 earnings per share. Analysts predict that W.R. Grace & Co. will post $3.37 EPS for the current year.
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A number of institutional investors have recently bought and sold shares of GRA. Daiwa Securities Group Inc. increased its position in W.R. Grace & Co. by 22.9% during the second quarter. Daiwa Securities Group Inc. now owns 2,150 shares of the specialty chemicals company’s stock worth $155,000 after buying an additional 400 shares during the last quarter. US Bancorp DE boosted its holdings in W.R. Grace & Co. by 7.2% during the first quarter. US Bancorp DE now owns 2,284 shares of the specialty chemicals company’s stock valued at $159,000 after acquiring an additional 154 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in W.R. Grace & Co. by 5.6% during the second 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. LS Investment Advisors LLC boosted its holdings in W.R. Grace & Co. by 13.4% during the second quarter. LS Investment Advisors LLC now owns 2,517 shares of the specialty chemicals company’s stock valued at $181,000 after acquiring an additional 298 shares during the period. Finally, World Asset Management Inc bought a new stake in W.R. Grace & Co. during the second quarter valued at about $221,000. 84.69% of the stock is currently owned by hedge funds and other institutional investors.
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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