Analysts’ Weekly Ratings Updates for W.R. Grace & Co. (GRA)

W.R. Grace & Co. (NYSE: GRA) recently received a number of ratings updates from brokerages and research firms:

  • 8/7/2017 – W.R. Grace & Co. was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “W. R. Grace & Co. produces specialty chemicals. They primarily operate through the following two business segments: Davison Chemicals and Performance Chemicals. Davison Chemicals manufactures catalysts (fluid cracking, hydroprocessing and polyolein) and silica and zeolite absorbents. Performance Chemicals produces specialty construction and building materials, along with container and closure sealants. “
  • 8/2/2017 – W.R. Grace & Co. was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/31/2017 – W.R. Grace & Co. was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “W. R. Grace & Co. produces specialty chemicals. They primarily operate through the following two business segments: Davison Chemicals and Performance Chemicals. Davison Chemicals manufactures catalysts (fluid cracking, hydroprocessing and polyolein) and silica and zeolite absorbents. Performance Chemicals produces specialty construction and building materials, along with container and closure sealants. “
  • 7/27/2017 – W.R. Grace & Co. had its price target lowered by analysts at Monness Crespi & Hardt from $86.00 to $83.00. They now have a “buy” rating on the stock.
  • 7/18/2017 – W.R. Grace & Co. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “W. R. Grace & Co. produces specialty chemicals. They primarily operate through the following two business segments: Davison Chemicals and Performance Chemicals. Davison Chemicals manufactures catalysts (fluid cracking, hydroprocessing and polyolein) and silica and zeolite absorbents. Performance Chemicals produces specialty construction and building materials, along with container and closure sealants. “
  • 6/27/2017 – W.R. Grace & Co. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $79.00 price target on the stock. According to Zacks, “W. R. Grace & Co. produces specialty chemicals. They primarily operate through the following two business segments: Davison Chemicals and Performance Chemicals. Davison Chemicals manufactures catalysts (fluid cracking, hydroprocessing and polyolein) and silica and zeolite absorbents. Performance Chemicals produces specialty construction and building materials, along with container and closure sealants. “
  • 6/16/2017 – W.R. Grace & Co. had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $70.00 price target on the stock.

W.R. Grace & Co. (NYSE GRA) opened at 67.38 on Wednesday. The company has a 50 day moving average price of $70.69 and a 200 day moving average price of $70.31. W.R. Grace & Co. has a 52 week low of $63.37 and a 52 week high of $80.56. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 32.80 and a beta of 1.12.

W.R. Grace & Co. (NYSE:GRA) last announced its quarterly earnings data on Thursday, July 27th. The specialty chemicals company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.04. The firm had revenue of $429.50 million during the quarter, compared to the consensus estimate of $407.72 million. W.R. Grace & Co. had a net margin of 8.20% and a return on equity of 43.88%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.74 earnings per share. Analysts expect that W.R. Grace & Co. will post $3.38 EPS for the current fiscal year.

The company 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 dividend on an annualized basis and a yield of 1.25%. W.R. Grace & Co.’s payout ratio is currently 42.21%.

In related news, VP William C. Dockman sold 4,940 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $70.02, for a total value of $345,898.80. Following the completion of the sale, the vice president now owns 6,275 shares in the company, valued at $439,375.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Mark A. Shelnitz sold 26,853 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $71.44, for a total transaction of $1,918,378.32. Following the completion of the sale, the vice president now owns 83,437 shares of the company’s stock, valued at approximately $5,960,739.28. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

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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