W.R. Grace & Co. (GRA) Receiving Positive Press Coverage, Report Finds
Media stories about W.R. Grace & Co. (NYSE:GRA) have been trending positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. W.R. Grace & Co. earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave media coverage about the specialty chemicals company an impact score of 45.5458201191802 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- W. R. Grace to donate $100,000 to Red Cross for Harvey victims (thedailyrecord.com)
- Grace Donates $100,000 to Hurricane Harvey Relief (finance.yahoo.com)
- Global Oil Refining Catalyst Market Professional Survey Report 2017- Haldor Topsoe A/S, Albemarle Corp., W.R. Grace & Co. (sbwire.com)
- W.R. Grace Made Several Acquisitions Last Week (finance.yahoo.com)
- Grace to Participate in Upcoming Investor Conferences (finance.yahoo.com)
A number of equities research analysts recently weighed in on GRA shares. BidaskClub cut W.R. Grace & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Monness Crespi & Hardt dropped their price target on W.R. Grace & Co. from $86.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, July 27th. Aegis restated a “buy” rating on shares of W.R. Grace & Co. in a research note on Wednesday, May 31st. Goldman Sachs Group, Inc. (The) cut W.R. Grace & Co. from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research note on Thursday, June 8th. Finally, TheStreet upgraded W.R. Grace & Co. from a “c” rating to a “b-” rating in a research report on Thursday, June 1st. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $79.92.
W.R. Grace & Co. (NYSE GRA) opened at 71.05 on Friday. The company has a market cap of $4.85 billion, a PE ratio of 34.59 and a beta of 1.11. The firm’s 50-day moving average price is $69.53 and its 200 day moving average price is $70.08. W.R. Grace & Co. has a 52-week low of $63.37 and a 52-week high of $75.85.
W.R. Grace & Co. (NYSE:GRA) last released its quarterly earnings data on Thursday, July 27th. The specialty chemicals company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. W.R. Grace & Co. had a return on equity of 43.88% and a net margin of 8.20%. The company had revenue of $429.50 million for the quarter, compared to analyst estimates of $407.72 million. During the same period in the previous year, the company posted $0.74 EPS. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, equities analysts predict that W.R. Grace & Co. will post $3.37 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Thursday, August 17th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.18%. W.R. Grace & Co.’s payout ratio is 42.21%.
In related news, VP Mark A. Shelnitz sold 26,853 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $71.44, for a total transaction of $1,918,378.32. Following the sale, the vice president now directly owns 83,437 shares in the company, valued at approximately $5,960,739.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.30% 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.
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