W.R. Grace & CO. Receives Buy Rating from Credit Suisse (GRA)
W.R. Grace & CO. (NYSE:GRA)‘s stock had its “buy” rating reaffirmed by Credit Suisse in a research note issued on Thursday, Analyst Ratings News reports. They currently have a $94.00 price target on the stock. Credit Suisse’s price objective would suggest a potential upside of 1.61% from the company’s current price.
W.R. Grace & CO. (NYSE:GRA) opened at 92.51 on Thursday. 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 $7.090 billion and a P/E ratio of 71.55.
W.R. Grace & CO. (NYSE:GRA) last released its 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 revenue for the quarter 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.
GRA has been the subject of a number of other recent research reports. 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. Separately, analysts at Jefferies Group raised their price target on shares of W.R. Grace & CO. from $94.00 to $105.00 in a research note to investors on Wednesday, October 16th. They now have a “buy” rating on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of W.R. Grace & CO. from $82.00 to $93.00 in a research note to investors on Thursday, October 3rd. They now have an “outperform” 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. The stock presently has an average rating of “Buy” and a consensus price target of $92.86.
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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