W. R. Grace & Co (GRA) Cut to “C” at TheStreet

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.

W. R. Grace & Co (NYSE:GRA) last released its quarterly earnings results on Thursday, February 8th. The specialty chemicals company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. W. R. Grace & Co had a return on equity of 57.99% and a net margin of 0.65%. The company had revenue of $459.50 million during the quarter, compared to analysts’ expectations of $453.84 million. During the same period last year, the business posted $0.95 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. equities research analysts predict that W. R. Grace & Co will post 3.72 EPS for the current year.

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.

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

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