BMO Capital Markets Reiterates $90.00 Price Target for W. R. Grace & Co (GRA)

W. R. Grace & Co (NYSE:GRA) has been assigned a $90.00 price objective by research analysts at BMO Capital Markets in a research report issued on Thursday, TipRanks reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. BMO Capital Markets’ target price suggests a potential upside of 17.63% from the stock’s current price.

GRA has been the topic of several other research reports. Zacks Investment Research raised shares of W. R. Grace & Co from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Friday, February 15th. Loop Capital set a $89.00 price objective on shares of W. R. Grace & Co and gave the stock a “buy” rating in a research note on Friday, January 11th. Berenberg Bank assumed coverage on shares of W. R. Grace & Co in a report on Thursday, March 21st. They issued a “buy” rating and a $95.00 target price for the company. TheStreet upgraded shares of W. R. Grace & Co from a “c” rating to a “b” rating in a report on Friday, February 8th. Finally, National Bank Financial reiterated an “outperform” rating on shares of W. R. Grace & Co in a report on Monday, January 14th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. W. R. Grace & Co has a consensus rating of “Buy” and a consensus price target of $84.89.

Shares of GRA opened at $76.51 on Thursday. The company has a market capitalization of $5.12 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.38 and a beta of 1.03. The company has a debt-to-equity ratio of 5.82, a quick ratio of 1.12 and a current ratio of 1.67. W. R. Grace & Co has a 12-month low of $59.22 and a 12-month high of $78.93.

W. R. Grace & Co (NYSE:GRA) last announced its quarterly earnings data on Thursday, April 25th. The specialty chemicals company reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.05. The company had revenue of $469.50 million for the quarter, compared to analysts’ expectations of $464.99 million. W. R. Grace & Co had a net margin of 7.55% and a return on equity of 93.53%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS. As a group, research analysts forecast that W. R. Grace & Co will post 4.57 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Iridian Asset Management LLC CT boosted its holdings in shares of W. R. Grace & Co by 9.9% in the fourth quarter. Iridian Asset Management LLC CT now owns 2,903,312 shares of the specialty chemicals company’s stock worth $188,454,000 after buying an additional 262,599 shares during the period. Neuberger Berman Group LLC boosted its holdings in shares of W. R. Grace & Co by 7.4% in the third quarter. Neuberger Berman Group LLC now owns 1,189,940 shares of the specialty chemicals company’s stock worth $85,033,000 after buying an additional 81,487 shares during the period. Norges Bank acquired a new position in shares of W. R. Grace & Co in the fourth quarter worth about $54,688,000. Geode Capital Management LLC boosted its holdings in shares of W. R. Grace & Co by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 623,801 shares of the specialty chemicals company’s stock worth $40,490,000 after buying an additional 30,216 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in shares of W. R. Grace & Co by 7.6% in the fourth quarter. New York State Common Retirement Fund now owns 288,543 shares of the specialty chemicals company’s stock worth $18,729,000 after buying an additional 20,429 shares during the period. Institutional investors own 89.61% of the company’s stock.

About W. R. Grace & Co

W. R. Grace & Co produces and sells specialty chemicals and materials worldwide. It operates through two segments, Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment offers fluid catalytic cracking (FCC) catalysts for the production of transportation fuels, such as gasoline and diesel fuels, and petrochemicals; FCC additives; and methanol-to-olefins catalysts for the conversion of methanol into petrochemical feeds, including ethylene and propylene.

Featured Article: Producer Price Index (PPI)

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

Receive News & Ratings for W. R. Grace & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W. R. Grace & Co and related companies with MarketBeat.com's FREE daily email newsletter.