W.R. Grace & CO. (NYSE:GRA) was downgraded by equities research analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. They currently have a $100.00 price target on the stock, up from their previous price target of $93.00. Robert W. Baird’s price target indicates a potential upside of 3.99% from the stock’s previous close. The analysts noted that the move was a valuation call.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse raised their price target on shares of W.R. Grace & CO. from $94.00 to $99.00 in a research note to investors on Friday, October 25th. Separately, analysts at Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of W.R. Grace & CO. in a research note to investors on Friday, October 25th. Finally, analysts at Jefferies Group raised their price target on shares of W.R. Grace & CO. from $105.00 to $107.00 in a research note to investors on Thursday, October 24th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $97.20.
Shares of W.R. Grace & CO. (NYSE:GRA) opened at 96.16 on Wednesday. W.R. Grace & CO. has a 1-year low of $66.03 and a 1-year high of $101.72. The stock’s 50-day moving average is $93.82 and its 200-day moving average is $86.39. The company has a market cap of $7.394 billion and a price-to-earnings ratio of 80.72.
W.R. Grace & CO. (NYSE:GRA) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.02 by $0.05. The company had revenue of $771.30 million for the quarter, compared to the consensus estimate of $780.20 million. W.R. Grace & CO.’s revenue was down .7% compared to the same quarter last year. On average, analysts predict that W.R. Grace & CO. will post $4.23 earnings per share for the current fiscal year.
W.R. Grace & Co (NYSE:GRA) is engaged in the production and sale of specialty chemicals and specialty materials on a global basis.
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