W.R. Grace & Co. (GRA) Given a $82.00 Price Target at Credit Suisse Group AG
Several other research firms also recently commented on GRA. Zacks Investment Research raised shares of W.R. Grace & Co. from a strong sell rating to a hold rating in a research report on Wednesday, August 3rd. Jefferies Group reaffirmed a buy rating and issued a $80.00 price target (down from $89.00) on shares of W.R. Grace & Co. in a research report on Thursday, October 27th. Seaport Global Securities raised W.R. Grace & Co. from a neutral rating to a buy rating and set a $79.00 price target on the stock in a research report on Tuesday, November 1st. TheStreet raised W.R. Grace & Co. from a hold rating to a buy rating in a research report on Friday, August 5th. Finally, Robert W. Baird reaffirmed a neutral rating and issued a $76.00 price target on shares of W.R. Grace & Co. in a research report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $84.27.
Shares of W.R. Grace & Co. (NYSE:GRA) traded up 0.42% during mid-day trading on Monday, reaching $66.68. The company’s stock had a trading volume of 882,581 shares. The stock has a market capitalization of $4.67 billion, a P/E ratio of 47.43 and a beta of 1.25. The company has a 50 day moving average price of $68.51 and a 200 day moving average price of $73.84. W.R. Grace & Co. has a 12 month low of $63.84 and a 12 month high of $101.17.
W.R. Grace & Co. (NYSE:GRA) last posted its earnings results on Wednesday, October 26th. The company reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.04. The firm had revenue of $404.50 million for the quarter, compared to the consensus estimate of $414.13 million. W.R. Grace & Co. had a net margin of 5.00% and a return on equity of 62.32%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. On average, equities research analysts anticipate that W.R. Grace & Co. will post $3.08 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Tuesday, November 15th. W.R. Grace & Co.’s dividend payout ratio (DPR) is currently 50.00%.
In other news, Chairman Alfred E. Festa sold 80,561 shares of W.R. Grace & Co. stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $68.27, for a total value of $5,499,899.47. Following the completion of the transaction, the chairman now owns 311,844 shares in the company, valued at $21,289,589.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can purchased a new position in W.R. Grace & Co. during the second quarter worth about $5,377,000. GSA Capital Partners LLP boosted its position in W.R. Grace & Co. by 29.5% in the second quarter. GSA Capital Partners LLP now owns 12,848 shares of the company’s stock worth $941,000 after buying an additional 2,927 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in W.R. Grace & Co. during the second quarter worth about $117,000. Emerald Acquisition Ltd. purchased a new position in W.R. Grace & Co. during the second quarter worth about $546,000. Finally, Lucus Advisors LLC purchased a new position in W.R. Grace & Co. during the second quarter worth about $346,000. Institutional investors own 82.46% 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 three segments: Grace Catalysts Technologies, Grace Materials Technologies and Grace Construction Products. Its Grace Catalysts Technologies segment produces and sells catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications, including Fluid catalytic cracking catalysts, Hydroprocessing catalysts, and Polyolefin catalysts and catalyst supports.
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