W. R. Grace & Co.’s (GRA) Neutral Rating Reaffirmed at CL King


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CL King reaffirmed their neutral rating on shares of W. R. Grace & Co. (NYSE:GRA) in a research report released on Monday morning, Benzinga reports.

A number of other analysts have also issued reports on the company. Credit Suisse Group reissued an outperform rating and issued a $69.00 price target on shares of W. R. Grace & Co. in a research note on Monday, March 22nd. Vertical Research lowered shares of W. R. Grace & Co. from a buy rating to a hold rating in a research report on Monday, April 26th. UBS Group restated a neutral rating and set a $70.00 price objective (down from $71.00) on shares of W. R. Grace & Co. in a report on Monday. Zacks Investment Research lowered W. R. Grace & Co. from a buy rating to a hold rating in a research note on Tuesday, January 26th. Finally, Wells Fargo & Company lifted their price target on shares of W. R. Grace & Co. from $65.00 to $70.00 and gave the company an equal weight rating in a research report on Thursday, April 15th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. W. R. Grace & Co. currently has an average rating of Hold and an average target price of $66.25.

W. R. Grace & Co. stock opened at $68.75 on Monday. The company has a debt-to-equity ratio of 6.20, a quick ratio of 1.17 and a current ratio of 1.68. W. R. Grace & Co. has a fifty-two week low of $38.70 and a fifty-two week high of $68.87. The stock has a fifty day moving average of $62.77 and a two-hundred day moving average of $57.52. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 327.38 and a beta of 1.47.

W. R. Grace & Co. (NYSE:GRA) last released its earnings results on Monday, February 8th. The specialty chemicals company reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.02. W. R. Grace & Co. had a net margin of 0.76% and a return on equity of 55.80%. The firm had revenue of $470.20 million during the quarter, compared to analysts’ expectations of $466.18 million. During the same period in the previous year, the company earned $1.31 EPS. W. R. Grace & Co.’s revenue for the quarter was down 6.8% on a year-over-year basis. On average, analysts forecast that W. R. Grace & Co. will post 2.61 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 23rd. Investors of record on Tuesday, March 2nd were paid a dividend of $0.33 per share. This is an increase from W. R. Grace & Co.’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, March 1st. This represents a $1.32 annualized dividend and a yield of 1.92%. W. R. Grace & Co.’s payout ratio is 30.14%.

Large investors have recently bought and sold shares of the business. Arlington Partners LLC purchased a new stake in shares of W. R. Grace & Co. during the first quarter worth about $44,000. Nisa Investment Advisors LLC acquired a new stake in W. R. Grace & Co. during the 1st quarter valued at approximately $90,000. SG Americas Securities LLC purchased a new stake in W. R. Grace & Co. during the 4th quarter worth approximately $131,000. Meyer Handelman Co. acquired a new position in shares of W. R. Grace & Co. in the 4th quarter valued at approximately $219,000. Finally, Gabelli Funds LLC purchased a new position in shares of W. R. Grace & Co. during the 4th quarter valued at approximately $516,000. 84.76% of the stock is owned by institutional investors.

W. R. Grace & Co. Company Profile

W. R. Grace & Co, through its subsidiaries, 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; and FCC additives.

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

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