W.R. Grace & Co. (GRA) Getting Somewhat Positive Press Coverage, Analysis Finds
Press coverage about W.R. Grace & Co. (NYSE:GRA) has trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. W.R. Grace & Co. earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media headlines about the specialty chemicals company an impact score of 46.759582430674 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Grace Agrees to Acquire Evonik Dental Silica and Huber Defoamer Product Lines (finance.yahoo.com)
- W.R. Grace & Co. (GRA) Upgraded to “Hold” by BidaskClub (americanbankingnews.com)
- W.R. Grace & Co. breached its 50 day moving average in a Bullish Manner : GRA-US : August 25, 2017 (finance.yahoo.com)
- W.R. Grace & Co. (GRA) Expected to Announce Quarterly Sales of $408.00 Million (americanbankingnews.com)
Several research analysts have recently commented on the company. Zacks Investment Research raised W.R. Grace & Co. from a “sell” rating to a “hold” rating in a report on Monday, May 22nd. Vertical Research assumed coverage on W.R. Grace & Co. in a report on Thursday, May 25th. They set a “buy” rating and a $81.00 price objective for the company. Jefferies Group LLC reissued a “hold” rating and set a $70.00 price objective on shares of W.R. Grace & Co. in a report on Friday, June 16th. BidaskClub raised W.R. Grace & Co. from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Goldman Sachs Group, Inc. (The) lowered W.R. Grace & Co. from a “buy” rating to a “neutral” rating and set a $83.00 price objective for the company. in a report on Thursday, June 8th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. W.R. Grace & Co. currently has a consensus rating of “Buy” and an average price target of $80.18.
Shares of W.R. Grace & Co. (NYSE:GRA) traded down 0.63% during mid-day trading on Monday, reaching $70.74. The company’s stock had a trading volume of 710,827 shares. The company’s 50-day moving average price is $69.59 and its 200-day moving average price is $70.10. W.R. Grace & Co. has a 12-month low of $63.37 and a 12-month high of $79.66. The stock has a market capitalization of $4.83 billion, a P/E ratio of 34.44 and a beta of 1.12.
W.R. Grace & Co. (NYSE:GRA) last issued its quarterly earnings data on Thursday, July 27th. The specialty chemicals company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.04. The company had revenue of $429.50 million during the quarter, compared to analyst estimates of $407.72 million. W.R. Grace & Co. had a return on equity of 43.88% and a net margin of 8.20%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 earnings per share. On average, equities research analysts forecast that W.R. Grace & Co. will post $3.37 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 17th will be given a $0.21 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $0.84 annualized dividend and a yield of 1.19%. W.R. Grace & Co.’s payout ratio is 42.21%.
In related news, VP Mark A. Shelnitz sold 26,853 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $71.44, for a total value of $1,918,378.32. Following the completion of the transaction, the vice president now directly owns 83,437 shares in the company, valued at $5,960,739.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.
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.
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