W.R. Grace & Co. Short Interest Down 37.0% in April (GRA)
W.R. Grace & Co. (NYSE:GRA) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totalling 1,128,363 shares, a decline of 37.0% from the April 15th total of 1,791,595 shares, American Banking & Market News reports. Based on an average daily volume of 980,187 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.5% of the shares of the stock are short sold.
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of W.R. Grace & Co. in a research note on Thursday, April 24th. They now have a $110.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of W.R. Grace & Co. to $120.00 in a research note on Thursday, March 20th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. W.R. Grace & Co. has an average rating of “Buy” and an average price target of $106.00.
W.R. Grace & Co. (NYSE:GRA) opened at 92.81 on Tuesday. W.R. Grace & Co. has a 52-week low of $74.46 and a 52-week high of $105.05. The stock has a 50-day moving average of $94.74 and a 200-day moving average of $96.45. The company has a market cap of $7.081 billion and a price-to-earnings ratio of 28.93.
W.R. Grace & Co. (NYSE:GRA) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.03. The company had revenue of $745.00 million for the quarter, compared to the consensus estimate of $739.13 million. During the same quarter in the prior year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts expect that W.R. Grace & Co. will post $4.53 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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