W. R. Grace & Co (NYSE:GRA) has been given a $83.00 target price by research analysts at BMO Capital Markets in a research report issued to clients and investors on Friday, TipRanks reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 16.90% from the stock’s current price.

A number of other equities analysts have also weighed in on the stock. ValuEngine upgraded shares of Zimmer Biomet from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research lowered shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th. Two analysts have rated the stock with a sell rating and seven have given a buy rating to the company’s stock. W. R. Grace & Co presently has an average rating of “Buy” and an average target price of $85.43.

NYSE:GRA opened at $71.00 on Friday. The firm has a fifty day moving average price of $75.92. W. R. Grace & Co has a 1-year low of $59.22 and a 1-year high of $79.71. The company has a current ratio of 1.54, a quick ratio of 1.04 and a debt-to-equity ratio of 5.54. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 1.35 and a beta of 1.03.

W. R. Grace & Co (NYSE:GRA) last posted its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.02. W. R. Grace & Co had a net margin of 9.31% and a return on equity of 89.62%. The firm had revenue of $513.60 million for the quarter, compared to analyst estimates of $508.65 million. During the same period last year, the firm posted $1.07 EPS. W. R. Grace & Co’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts anticipate that W. R. Grace & Co will post 4.39 earnings per share for the current year.

In other W. R. Grace & Co news, VP William C. Dockman sold 4,717 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $76.49, for a total transaction of $360,803.33. Following the sale, the vice president now directly owns 11,013 shares in the company, valued at approximately $842,384.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mark A. Shelnitz sold 11,792 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $76.36, for a total transaction of $900,437.12. Following the sale, the vice president now owns 76,253 shares in the company, valued at $5,822,679.08. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in GRA. Huntington National Bank acquired a new position in shares of W. R. Grace & Co during the 1st quarter worth $26,000. Harvest Group Wealth Management LLC acquired a new position in shares of W. R. Grace & Co during the 1st quarter worth $27,000. YorkBridge Wealth Partners LLC acquired a new position in shares of W. R. Grace & Co during the 1st quarter worth $49,000. Advisors Preferred LLC acquired a new position in shares of W. R. Grace & Co during the 1st quarter worth $76,000. Finally, Private Capital Group LLC raised its stake in shares of W. R. Grace & Co by 24.9% during the 1st quarter. Private Capital Group LLC now owns 1,249 shares of the specialty chemicals company’s stock worth $97,000 after buying an additional 249 shares during the last quarter. 86.46% of the stock is owned by institutional investors and hedge funds.

About W. R. Grace & Co

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

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