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.
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