W.R. Grace & Co. (GRA) Receives $84.20 Average Target Price from Analysts
W.R. Grace & Co. (NYSE:GRA) has earned an average rating of “Hold” from the thirteen analysts that are presently covering the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $83.50.
A number of research firms have commented on GRA. TheStreet upgraded W.R. Grace & Co. from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Seaport Global Securities initiated coverage on W.R. Grace & Co. in a research note on Tuesday, September 13th. They issued a “neutral” rating and a $81.00 price objective on the stock. Jefferies Group cut W.R. Grace & Co. from a “buy” rating to a “hold” rating and reduced their price objective for the company from $80.00 to $70.00 in a research note on Wednesday. Credit Suisse Group AG set a $82.00 price objective on W.R. Grace & Co. and gave the company a “buy” rating in a research note on Monday. Finally, Zacks Investment Research upgraded W.R. Grace & Co. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 3rd.
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Shares of W.R. Grace & Co. (NYSE:GRA) opened at 65.26 on Monday. The stock has a market cap of $4.57 billion, a P/E ratio of 46.42 and a beta of 1.25. The firm’s 50-day moving average price is $68.38 and its 200 day moving average price is $73.77. W.R. Grace & Co. has a 1-year low of $63.84 and a 1-year high of $101.17.
W.R. Grace & Co. (NYSE:GRA) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. W.R. Grace & Co. had a return on equity of 62.32% and a net margin of 5.00%. The company had revenue of $404.50 million for the quarter, compared to analysts’ expectations of $414.13 million. During the same period in the prior year, the firm earned $0.54 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. On average, equities analysts expect that W.R. Grace & Co. will post $3.08 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Tuesday, November 15th. W.R. Grace & Co.’s payout ratio is 50.00%.
In other W.R. Grace & Co. news, Chairman Alfred E. Festa sold 80,561 shares of the firm’s stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $68.27, for a total transaction of $5,499,899.47. Following the transaction, the chairman now owns 311,844 shares of the company’s stock, valued at $21,289,589.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.
Several institutional investors have recently modified their holdings of GRA. Bank of Montreal Can purchased a new position in shares of W.R. Grace & Co. during the second quarter valued at about $5,377,000. GSA Capital Partners LLP raised its position in shares of 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 valued at $941,000 after buying an additional 2,927 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of W.R. Grace & Co. during the second quarter valued at about $117,000. Emerald Acquisition Ltd. purchased a new position in shares of W.R. Grace & Co. during the second quarter valued at about $546,000. Finally, Lucus Advisors LLC purchased a new position in shares of W.R. Grace & Co. during the second quarter valued at about $346,000. 82.46% of the stock is currently owned by institutional investors.
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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