W. R. Grace & Co (GRA) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of W. R. Grace & Co (NYSE:GRA) from a strong sell rating to a hold rating in a research report report published on Thursday morning.

According to Zacks, “W. R. Grace & Co. produces specialty chemicals. They primarily operate through the following two business segments: Davison Chemicals and Performance Chemicals. Davison Chemicals manufactures catalysts (fluid cracking, hydroprocessing and polyolein) and silica and zeolite absorbents. Performance Chemicals produces specialty construction and building materials, along with container and closure sealants. “

Other research analysts also recently issued research reports about the company. Jefferies Group reaffirmed a hold rating and issued a $77.00 price target on shares of W. R. Grace & Co in a research note on Thursday, October 26th. Loop Capital assumed coverage on W. R. Grace & Co in a research note on Thursday, September 28th. They issued a buy rating and a $81.00 price target for the company. Finally, KeyCorp reaffirmed an overweight rating and issued a $84.00 price target (up previously from $77.00) on shares of W. R. Grace & Co in a research note on Thursday, October 26th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $81.60.

W. R. Grace & Co (NYSE GRA) traded up $0.92 during mid-day trading on Thursday, reaching $73.71. The company had a trading volume of 756,693 shares, compared to its average volume of 515,815. The firm has a market capitalization of $4,980.00, a P/E ratio of 33.35, a PEG ratio of 1.67 and a beta of 1.17. W. R. Grace & Co has a fifty-two week low of $65.84 and a fifty-two week high of $77.37. The company has a debt-to-equity ratio of 3.83, a quick ratio of 1.06 and a current ratio of 1.59.

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

A number of institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its position in W. R. Grace & Co by 1.3% in the second quarter. PNC Financial Services Group Inc. now owns 7,814 shares of the specialty chemicals company’s stock valued at $562,000 after acquiring an additional 101 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in W. R. Grace & Co by 5.6% in the second quarter. The Manufacturers Life Insurance Company now owns 2,487 shares of the specialty chemicals company’s stock valued at $179,000 after acquiring an additional 133 shares during the last quarter. Prudential Financial Inc. grew its position in W. R. Grace & Co by 4.6% in the second quarter. Prudential Financial Inc. now owns 4,553 shares of the specialty chemicals company’s stock valued at $328,000 after acquiring an additional 200 shares during the last quarter. Janus Henderson Group PLC grew its position in W. R. Grace & Co by 4.5% in the second quarter. Janus Henderson Group PLC now owns 6,985 shares of the specialty chemicals company’s stock valued at $503,000 after acquiring an additional 300 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in W. R. Grace & Co by 7.0% in the third quarter. Ameriprise Financial Inc. now owns 15,159 shares of the specialty chemicals company’s stock valued at $1,094,000 after acquiring an additional 990 shares during the last quarter. Hedge funds and other institutional investors own 84.79% of the company’s stock.

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W. R. Grace & Co Company Profile

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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