W.R. Grace & CO. Price Target Increased to $107.00 by Analysts at Jefferies Group (GRA)
Equities researchers at Jefferies Group increased their price target on shares of W.R. Grace & CO. (NYSE:GRA) from $105.00 to $107.00 in a research report issued on Thursday, Analyst Ratings News reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target suggests a potential upside of 15.75% from the company’s current price.
W.R. Grace & CO. (NYSE:GRA) traded down 0.08% on Thursday, hitting $92.44. 406,931 shares of the company’s stock traded hands. W.R. Grace & CO. has a 52 week low of $58.36 and a 52 week high of $87.56. The stock’s 50-day moving average is $80.26 and its 200-day moving average is $79.78. The company has a market cap of $7.085 billion and a P/E ratio of 71.55.
W.R. Grace & CO. (NYSE:GRA) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.05. The company had revenue of $771.30 million for the quarter, compared to the consensus estimate of $780.20 million. The company’s quarterly revenue was down .7% on a year-over-year basis. Analysts expect that W.R. Grace & CO. will post $4.14 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated a “buy” rating on shares of W.R. Grace & CO. in a research note to investors on Thursday. They now have a $94.00 price target on the stock. Separately, analysts at Monness Crespi & Hardt raised their price target on shares of W.R. Grace & CO. from $79.00 to $94.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. W.R. Grace & CO. has an average rating of “Buy” and an average target price of $93.14.
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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