W.R. Grace & CO. Hits New 52-Week High at $87.85 (GRA)
Shares of W.R. Grace & CO. (NYSE:GRA) hit a new 52-week high on Monday, American Banking and Market News reports. The company traded as high as $87.85 and last traded at $86.98, with a volume of 189,698 shares trading hands. The stock had previously closed at $86.26.
Separately, analysts at Jefferies Group cut their price target on shares of W.R. Grace & CO. (NYSE:GRA) from $101.00 to $94.00 in a research note to investors on Monday, July 29th. They now have a “buy” rating on the stock.
Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $87.14.
W.R. Grace & CO. has a one year low of $58.36 and a one year high of $87.85. The stock has a 50-day moving average of $80.59 and a 200-day moving average of $79.96. The company has a market cap of $6.655 billion and a price-to-earnings ratio of 66.71.
W.R. Grace & CO. (NYSE:GRA) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.07 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.08 by $0.01. The company had revenue of $802.80 million for the quarter, compared to the consensus estimate of $820.35 million. The company’s quarterly revenue was down 2.9% on a year-over-year basis. Analysts expect that W.R. Grace & CO. will post $4.17 EPS for the current fiscal year.
W.R. Grace & Co (NYSE:GRA) is engaged in the production and sale of specialty chemicals and specialty materials on a global basis.
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