W. R. Grace & Co (GRA) Receives $87.00 Average Target Price from Analysts
Shares of W. R. Grace & Co (NYSE:GRA) have been assigned a consensus recommendation of “Buy” from the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $87.00.
Several research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. TheStreet raised shares of W. R. Grace & Co from a “c” rating to a “b” rating in a research note on Friday, February 8th. Berenberg Bank assumed coverage on shares of W. R. Grace & Co in a research note on Thursday, March 21st. They set a “buy” rating and a $95.00 price objective on the stock. Finally, BMO Capital Markets set a $90.00 price objective on shares of W. R. Grace & Co and gave the stock a “buy” rating in a research note on Thursday, May 2nd.
Shares of NYSE GRA opened at $73.01 on Monday. W. R. Grace & Co has a 1 year low of $59.22 and a 1 year high of $78.93. The stock has a market capitalization of $4.93 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.35 and a beta of 1.03. The company has a debt-to-equity ratio of 5.54, a quick ratio of 1.04 and a current ratio of 1.54.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Wednesday, May 15th. W. R. Grace & Co’s payout ratio is 26.09%.
In related news, VP Mark A. Shelnitz sold 11,792 shares of W. R. Grace & Co stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $76.36, for a total transaction of $900,437.12. Following the transaction, the vice president now owns 76,253 shares of the company’s stock, valued at approximately $5,822,679.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP William C. Dockman sold 4,717 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $76.49, for a total transaction of $360,803.33. Following the sale, the vice president now owns 11,013 shares in the company, valued at $842,384.37. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the business. IBM Retirement Fund acquired a new stake in W. R. Grace & Co during the 1st quarter worth approximately $213,000. Geode Capital Management LLC raised its holdings in W. R. Grace & Co by 4.1% during the 1st quarter. Geode Capital Management LLC now owns 649,212 shares of the specialty chemicals company’s stock worth $50,664,000 after buying an additional 25,411 shares during the period. Cooper Creek Partners Management LLC acquired a new stake in W. R. Grace & Co during the 1st quarter worth approximately $591,000. Lazard Asset Management LLC acquired a new stake in W. R. Grace & Co during the 1st quarter worth approximately $4,111,000. Finally, Swift Run Capital Management LLC raised its holdings in W. R. Grace & Co by 5.7% during the 1st quarter. Swift Run Capital Management LLC now owns 63,728 shares of the specialty chemicals company’s stock worth $4,973,000 after buying an additional 3,445 shares during the period. Hedge funds and other institutional investors own 87.40% of the company’s stock.
W. R. Grace & Co Company Profile
W. R. Grace & Co 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; FCC additives; and methanol-to-olefins catalysts for the conversion of methanol into petrochemical feeds, including ethylene and propylene.
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