W. R. Grace & Co (GRA) Receives $87.00 Consensus Target Price from Analysts

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W. R. Grace & Co (NYSE:GRA) has been assigned a consensus rating of “Buy” from the twelve brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $87.00.

Several analysts have weighed in on the stock. BMO Capital Markets set a $90.00 price objective on shares of W. R. Grace & Co and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Zacks Investment Research cut shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Berenberg Bank assumed coverage on shares of W. R. Grace & Co in a research report on Thursday, March 21st. They issued a “buy” rating and a $95.00 target price for the company. Finally, TheStreet upgraded shares of W. R. Grace & Co from a “c” rating to a “b” rating in a research report on Friday, February 8th.

W. R. Grace & Co stock traded up $0.50 during midday trading on Monday, hitting $71.14. The company’s stock had a trading volume of 336,923 shares, compared to its average volume of 363,831. W. R. Grace & Co has a 1-year low of $59.22 and a 1-year high of $78.93. The company has a quick ratio of 1.04, a current ratio of 1.54 and a debt-to-equity ratio of 5.54. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 1.30 and a beta of 1.03.

W. R. Grace & Co (NYSE:GRA) last issued its quarterly earnings data on Thursday, April 25th. The specialty chemicals company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.05. W. R. Grace & Co had a net margin of 7.55% and a return on equity of 89.86%. The business had revenue of $469.50 million during the quarter, compared to analysts’ expectations of $464.99 million. During the same quarter in the previous year, the company earned $0.82 EPS. The business’s revenue was up 8.8% on a year-over-year basis. On average, sell-side analysts anticipate that W. R. Grace & Co will post 4.57 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Wednesday, May 15th. W. R. Grace & Co’s payout ratio is presently 26.09%.

In other news, VP William C. Dockman sold 4,717 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $76.49, for a total value of $360,803.33. Following the completion of the transaction, the vice president now directly owns 11,013 shares in the company, valued at approximately $842,384.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Mark A. Shelnitz sold 11,792 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $76.36, for a total transaction of $900,437.12. Following the completion of the transaction, the vice president now owns 76,253 shares of the company’s stock, valued at $5,822,679.08. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Iridian Asset Management LLC CT raised its position in shares of W. R. Grace & Co by 9.9% in the 4th quarter. Iridian Asset Management LLC CT now owns 2,903,312 shares of the specialty chemicals company’s stock valued at $188,454,000 after buying an additional 262,599 shares in the last quarter. Neuberger Berman Group LLC increased its position in W. R. Grace & Co by 7.0% during the 1st quarter. Neuberger Berman Group LLC now owns 1,032,072 shares of the specialty chemicals company’s stock worth $80,543,000 after purchasing an additional 67,442 shares in the last quarter. Norges Bank acquired a new position in W. R. Grace & Co during the 4th quarter worth approximately $54,688,000. Geode Capital Management LLC increased its position in W. R. Grace & Co by 4.1% during the 1st quarter. Geode Capital Management LLC now owns 649,212 shares of the specialty chemicals company’s stock worth $50,664,000 after purchasing an additional 25,411 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in W. R. Grace & Co by 7.6% during the 4th quarter. New York State Common Retirement Fund now owns 288,543 shares of the specialty chemicals company’s stock worth $18,729,000 after purchasing an additional 20,429 shares in the last quarter. Institutional investors own 86.61% of the company’s stock.

W. R. Grace & Co Company Profile

W. R. Grace & Co produces and sells specialty chemicals and materials worldwide. It operates through two segments, Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment offers fluid catalytic cracking (FCC) catalysts for the production of transportation fuels, such as gasoline and diesel fuels, and petrochemicals; FCC additives; and methanol-to-olefins catalysts for the conversion of methanol into petrochemical feeds, including ethylene and propylene.

Read More: Net Income

Analyst Recommendations for W. R. Grace & Co (NYSE:GRA)

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