Shares of W. R. Grace & Co (NYSE:GRA) have received an average rating of “Buy” from the eleven research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $86.25.

Several research firms have recently commented on GRA. ValuEngine downgraded W. R. Grace & Co from a “hold” rating to a “sell” rating in a report on Monday, August 20th. Seaport Global Securities restated a “buy” rating and issued a $85.00 price target on shares of W. R. Grace & Co in a research note on Tuesday, July 31st. Credit Suisse Group increased their price target on W. R. Grace & Co from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, July 27th. BMO Capital Markets increased their price target on W. R. Grace & Co from $84.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, July 27th. Finally, KeyCorp increased their price target on W. R. Grace & Co from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, July 27th.

Shares of NYSE GRA traded up $0.27 during trading hours on Wednesday, hitting $71.89. The company had a trading volume of 6,106 shares, compared to its average volume of 470,998. The company has a market cap of $4.74 billion, a PE ratio of 21.15, a PEG ratio of 1.48 and a beta of 1.34. The company has a current ratio of 1.57, a quick ratio of 0.96 and a debt-to-equity ratio of 6.66. W. R. Grace & Co has a 1-year low of $58.48 and a 1-year high of $77.37.

W. R. Grace & Co (NYSE:GRA) last released its quarterly earnings data on Thursday, July 26th. The specialty chemicals company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.95 by $0.12. The company had revenue of $485.70 million during the quarter, compared to the consensus estimate of $472.76 million. W. R. Grace & Co had a return on equity of 84.83% and a net margin of 0.38%. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. sell-side analysts predict that W. R. Grace & Co will post 3.97 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 6th. Investors of record on Thursday, August 16th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Wednesday, August 15th. W. R. Grace & Co’s dividend payout ratio (DPR) is presently 28.24%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its position in W. R. Grace & Co by 15.2% during the 1st quarter. BlackRock Inc. now owns 5,308,017 shares of the specialty chemicals company’s stock worth $325,007,000 after buying an additional 701,928 shares during the period. Echo Street Capital Management LLC increased its position in W. R. Grace & Co by 36.8% during the 1st quarter. Echo Street Capital Management LLC now owns 1,173,173 shares of the specialty chemicals company’s stock worth $71,833,000 after buying an additional 315,426 shares during the period. American Century Companies Inc. increased its position in W. R. Grace & Co by 45.6% during the 1st quarter. American Century Companies Inc. now owns 594,524 shares of the specialty chemicals company’s stock worth $36,403,000 after buying an additional 186,293 shares during the period. Tocqueville Asset Management L.P. increased its position in W. R. Grace & Co by 0.8% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 547,160 shares of the specialty chemicals company’s stock worth $40,112,000 after buying an additional 4,310 shares during the period. Finally, Alleghany Corp DE increased its position in W. R. Grace & Co by 7.7% during the 1st quarter. Alleghany Corp DE now owns 387,800 shares of the specialty chemicals company’s stock worth $23,745,000 after buying an additional 27,800 shares during the period. Institutional investors and hedge funds own 86.02% 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 other petroleum-based products; FCC additives; and methanol-to-olefins catalysts for the conversion of methanol into petrochemical feeds, including ethylene and propylene.

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

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