W.R. Grace & Co. (GRA) Given “Hold” Rating at Jefferies Group LLC

W.R. Grace & Co. (NYSE:GRA)‘s stock had its “hold” rating reissued by investment analysts at Jefferies Group LLC in a research note issued to investors on Thursday, October 26th. They currently have a $77.00 target price on the specialty chemicals company’s stock. Jefferies Group LLC’s target price indicates a potential upside of 8.28% from the stock’s previous close. Jefferies Group also issued estimates for W.R. Grace & Co.’s FY2021 earnings at $4.90 EPS.

GRA has been the topic of several other research reports. KeyCorp reiterated an “overweight” rating and issued a $84.00 target price (up previously from $77.00) on shares of W.R. Grace & Co. in a research report on Thursday, October 26th. Zacks Investment Research lowered shares of W.R. Grace & Co. from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Loop Capital began coverage on shares of W.R. Grace & Co. in a research note on Thursday, September 28th. They issued a “buy” rating and a $81.00 price target on the stock. Robert W. Baird reissued a “buy” rating and issued a $85.00 price target on shares of W.R. Grace & Co. in a research note on Friday, September 1st. Finally, BidaskClub raised shares of W.R. Grace & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $81.36.

Shares of W.R. Grace & Co. (NYSE GRA) traded down $0.51 during trading on Thursday, hitting $71.11. 925,900 shares of the company traded hands, compared to its average volume of 938,784. The company has a current ratio of 1.59, a quick ratio of 1.06 and a debt-to-equity ratio of 3.83. W.R. Grace & Co. has a 12-month low of $63.37 and a 12-month high of $77.37. The stock has a market capitalization of $4,818.63, a PE ratio of 21.10, a PEG ratio of 1.75 and a beta of 1.20.

W.R. Grace & Co. (NYSE:GRA) last released its quarterly earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.09. The company had revenue of $429.50 million for the quarter, compared to analyst estimates of $411.50 million. W.R. Grace & Co. had a net margin of 8.54% and a return on equity of 48.03%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business earned $0.80 earnings per share. analysts predict that W.R. Grace & Co. will post 3.39 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in W.R. Grace & Co. by 58.3% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 18,208 shares of the specialty chemicals company’s stock worth $1,311,000 after acquiring an additional 6,705 shares in the last quarter. Micawber Capital LLC boosted its holdings in shares of W.R. Grace & Co. by 6.7% in the 2nd quarter. Micawber Capital LLC now owns 26,256 shares of the specialty chemicals company’s stock valued at $1,891,000 after buying an additional 1,641 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in shares of W.R. Grace & Co. by 68.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 3,477,805 shares of the specialty chemicals company’s stock valued at $250,437,000 after buying an additional 1,418,816 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of W.R. Grace & Co. in the 2nd quarter valued at $4,753,000. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of W.R. Grace & Co. by 10.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 171,628 shares of the specialty chemicals company’s stock valued at $12,359,000 after buying an additional 16,069 shares in the last quarter. Institutional investors own 85.26% of the company’s stock.

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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