Brokerages Set W. R. Grace & Co (NYSE:GRA) PT at $85.60

Shares of W. R. Grace & Co (NYSE:GRA) have received a consensus rating of “Buy” from the nine analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $85.60.

A number of equities analysts have recently issued reports on GRA shares. BMO Capital Markets set a $83.00 price objective on shares of W. R. Grace & Co and gave the company a “buy” rating in a research note on Friday, July 26th. Robert W. Baird set a $81.00 price objective on shares of W. R. Grace & Co and gave the company a “buy” rating in a research note on Friday, July 26th. Zacks Investment Research downgraded shares of W. R. Grace & Co from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, ValuEngine downgraded shares of W. R. Grace & Co from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th.

Shares of GRA stock opened at $66.82 on Friday. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.54 and a quick ratio of 1.04. The company has a market cap of $4.56 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.29 and a beta of 1.02. The stock has a 50-day moving average of $74.79. W. R. Grace & Co has a one year low of $59.22 and a one year high of $79.71.

W. R. Grace & Co (NYSE:GRA) last issued its earnings results on Thursday, July 25th. The specialty chemicals company reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.02. The business had revenue of $513.60 million for the quarter, compared to the consensus estimate of $508.65 million. W. R. Grace & Co had a net margin of 9.31% and a return on equity of 89.62%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 EPS. As a group, analysts expect that W. R. Grace & Co will post 4.39 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, August 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.62%. W. R. Grace & Co’s dividend payout ratio is presently 26.09%.

In other W. R. Grace & Co news, VP William C. Dockman acquired 1,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of $68.21 per share, for a total transaction of $68,210.00. Following the completion of the purchase, the vice president now owns 8,675 shares in the company, valued at $591,721.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Force Andrew Hudson La III acquired 4,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were acquired at an average price of $69.04 per share, for a total transaction of $276,160.00. Following the completion of the purchase, the insider now owns 96,391 shares of the company’s stock, valued at approximately $6,654,834.64. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in W. R. Grace & Co in the fourth quarter valued at approximately $54,688,000. Icon Advisers Inc. Co. acquired a new stake in W. R. Grace & Co in the second quarter valued at approximately $5,929,000. Neuberger Berman Group LLC boosted its stake in W. R. Grace & Co by 7.0% in the first quarter. Neuberger Berman Group LLC now owns 1,032,072 shares of the specialty chemicals company’s stock valued at $80,543,000 after acquiring an additional 67,442 shares in the last quarter. SG Americas Securities LLC acquired a new stake in W. R. Grace & Co in the first quarter valued at approximately $3,802,000. Finally, Geode Capital Management LLC boosted its stake in 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 valued at $40,490,000 after acquiring an additional 30,216 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

W. R. Grace & Co Company Profile

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.

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

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