W. R. Grace & Co (GRA) Rating Reiterated by Seaport Global Securities

W. R. Grace & Co (NYSE:GRA)‘s stock had its “buy” rating reiterated by research analysts at Seaport Global Securities in a research report issued on Monday. They currently have a $82.00 target price on the specialty chemicals company’s stock. Seaport Global Securities’ price target points to a potential upside of 25.26% from the stock’s previous close.

GRA has been the subject of several other research reports. Zacks Investment Research lowered W. R. Grace & Co from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. TheStreet lowered W. R. Grace & Co from a “b-” rating to a “c” rating in a research report on Thursday. KeyCorp reissued a “buy” rating and issued a $77.00 target price on shares of W. R. Grace & Co in a research report on Tuesday, October 17th. Finally, Jefferies Group reissued a “hold” rating and issued a $77.00 target price on shares of W. R. Grace & Co in a research report on Thursday, October 26th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. W. R. Grace & Co currently has an average rating of “Buy” and a consensus price target of $81.60.

W. R. Grace & Co (NYSE:GRA) traded up $0.62 on Monday, hitting $65.47. The stock had a trading volume of 540,371 shares, compared to its average volume of 688,518. The company has a current ratio of 1.59, a quick ratio of 1.06 and a debt-to-equity ratio of 3.83. The stock has a market cap of $4,393.77, a price-to-earnings ratio of 409.16, a PEG ratio of 1.45 and a beta of 1.16. W. R. Grace & Co has a 12-month low of $62.58 and a 12-month high of $77.37.

W. R. Grace & Co (NYSE:GRA) last posted its quarterly earnings results on Thursday, February 8th. The specialty chemicals company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.02. The firm had revenue of $459.50 million during the quarter, compared to analyst estimates of $453.84 million. W. R. Grace & Co had a return on equity of 57.99% and a net margin of 0.65%. W. R. Grace & Co’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.95 EPS. equities analysts anticipate that W. R. Grace & Co will post 3.72 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the business. American International Group Inc. purchased a new position in W. R. Grace & Co in the 4th quarter worth about $113,000. Bank of New York Mellon Corp grew its stake in shares of W. R. Grace & Co by 3.0% during the 4th quarter. Bank of New York Mellon Corp now owns 394,182 shares of the specialty chemicals company’s stock valued at $27,644,000 after purchasing an additional 11,530 shares during the period. Capital Fund Management S.A. grew its stake in shares of W. R. Grace & Co by 980.3% during the 4th quarter. Capital Fund Management S.A. now owns 171,803 shares of the specialty chemicals company’s stock valued at $12,049,000 after purchasing an additional 155,900 shares during the period. Toronto Dominion Bank grew its stake in shares of W. R. Grace & Co by 39.2% during the 4th quarter. Toronto Dominion Bank now owns 4,020 shares of the specialty chemicals company’s stock valued at $282,000 after purchasing an additional 1,133 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of W. R. Grace & Co by 6.0% during the 4th quarter. California Public Employees Retirement System now owns 157,704 shares of the specialty chemicals company’s stock valued at $11,060,000 after purchasing an additional 8,876 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for W. R. Grace & Co (NYSE:GRA)

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