W. R. Grace & Co (NYSE:GRA) was downgraded by equities researchers at TheStreet from a “b-” rating to a “c” rating in a report released on Thursday.
Other equities research analysts have also recently issued reports about the company. Jefferies Group reiterated a “hold” rating and issued a $77.00 price target on shares of W. R. Grace & Co in a research note on Thursday, October 26th. Zacks Investment Research cut W. R. Grace & Co from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Finally, KeyCorp restated an “overweight” rating and issued a $84.00 price objective (up from $77.00) on shares of W. R. Grace & Co in a research note on Thursday, October 26th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $81.56.
Shares of W. R. Grace & Co (GRA) opened at $64.84 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.59 and a debt-to-equity ratio of 3.83. W. R. Grace & Co has a 12 month low of $62.58 and a 12 month high of $77.37. The company has a market capitalization of $4,439.17, a PE ratio of 405.25, a price-to-earnings-growth ratio of 1.47 and a beta of 1.16.
Several large investors have recently made changes to their positions in GRA. American International Group Inc. purchased a new position in shares of W. R. Grace & Co in the fourth quarter worth about $113,000. Cerebellum GP LLC purchased a new position in shares of W. R. Grace & Co in the fourth quarter worth about $124,000. The Manufacturers Life Insurance Company grew its holdings in W. R. Grace & Co by 5.6% during the second quarter. The Manufacturers Life Insurance Company now owns 2,487 shares of the specialty chemicals company’s stock worth $179,000 after acquiring an additional 133 shares during the period. US Bancorp DE grew its holdings in W. R. Grace & Co by 87.7% during the fourth quarter. US Bancorp DE now owns 2,943 shares of the specialty chemicals company’s stock worth $206,000 after acquiring an additional 1,375 shares during the period. Finally, Toronto Dominion Bank grew its holdings in W. R. Grace & Co by 244.1% during the third quarter. Toronto Dominion Bank now owns 2,887 shares of the specialty chemicals company’s stock worth $208,000 after acquiring an additional 2,048 shares during the period. Hedge funds and other institutional investors own 84.90% of the company’s stock.
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About W. R. Grace & Co
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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