November 30, 2016 - By Darrin Black
Equities researchers at Jefferies’s equities research division downgraded W R Grace (NYSE:GRA)‘s stock from Buy to Hold on Wednesday morning. The analysts at Jefferies have a target price per share of $70.00 on GRA or 6.92% more upside.
Out of 9 analysts covering W. R. Grace & Co (NYSE:GRA), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. $115 is the highest target while $77 is the lowest. The $86.33 average target is 31.86% above today’s ($65.47) stock price. W. R. Grace & Co has been the topic of 11 analyst reports since August 3, 2015 according to StockzIntelligence Inc. As per Tuesday, September 13, the company rating was initiated by Seaport Global Securities. Seaport Global Securities upgraded the stock to “Buy” rating in Tuesday, November 1 report. Goldman Sachs downgraded the stock to “Neutral” rating in Monday, March 14 report. The stock of W. R. Grace & Co (NYSE:GRA) earned “Outperform” rating by Credit Suisse on Thursday, March 24. On Monday, August 3 the stock rating was downgraded by Tigress Financial to “Neutral”. The firm has “Buy” rating by Goldman Sachs given on Wednesday, January 27. The firm has “Hold” rating given on Thursday, December 10 by BB&T Capital. The rating was maintained by Macquarie Research on Monday, March 7 with “Outperform”. Cantor Fitzgerald initiated the shares of GRA in a report on Monday, November 30 with “Hold” rating. The stock of W. R. Grace & Co (NYSE:GRA) has “Buy” rating given on Thursday, April 28 by Monness Crespi.
About 389,792 shares traded hands. W. R. Grace & Co (NYSE:GRA) has declined 15.21% since April 27, 2016 and is downtrending. It has underperformed by 20.44% the S&P500.
Analysts await W. R. Grace & Co (NYSE:GRA) to report earnings on February, 9. They expect $0.93 earnings per share, down 33.57% or $0.47 from last year’s $1.4 per share. GRA’s profit will be $65.77 million for 17.60 P/E if the $0.93 EPS becomes a reality. After $0.80 actual earnings per share reported by W. R. Grace & Co for the previous quarter, Wall Street now forecasts 16.25% EPS growth.
Insitutional Activity: The institutional sentiment decreased to 0.92 in Q2 2016. Its down 0.31, from 1.23 in 2016Q1. The ratio turned negative, as 30 funds sold all W. R. Grace & Co shares owned while 81 reduced positions. 42 funds bought stakes while 94 increased positions. They now own 58.59 million shares or 1.18% less from 59.29 million shares in 2016Q1.
Blackrock Institutional Tru Na has 0.02% invested in the company for 1.80M shares. First Tru Ltd Partnership last reported 4,812 shares in the company. Blue Ridge Limited Liability Co holds 3.16M shares or 2.98% of its portfolio. Neuberger Berman Grp Ltd Liability, a New York-based fund reported 1.33M shares. Cap Fund Mgmt, a France-based fund reported 47,781 shares. Amalgamated Savings Bank holds 10,032 shares or 0.04% of its portfolio. The Virginia-based Swift Run Cap Management Ltd Liability Company has invested 4.34% in W. R. Grace & Co (NYSE:GRA). Jefferies Gp Llc holds 0% or 6 shares in its portfolio. Millennium Mngmt Ltd Co last reported 0.12% of its portfolio in the stock. Andra Ap reported 31,900 shares or 0.06% of all its holdings. Highvista Strategies Ltd Liability holds 0.23% of its portfolio in W. R. Grace & Co (NYSE:GRA) for 16,400 shares. Jnba Financial holds 0% of its portfolio in W. R. Grace & Co (NYSE:GRA) for 232 shares. Nomura Asset Mngmt Com Limited accumulated 7,810 shares or 0.01% of the stock. Cramer Rosenthal Mcglynn accumulated 953,793 shares or 1.13% of the stock. The Connecticut-based Trexquant L P has invested 0.2% in W. R. Grace & Co (NYSE:GRA).
Insider Transactions: Since November 3, 2016, the stock had 0 insider purchases, and 1 insider sale for $5.50 million net activity. FESTA ALFRED E sold 80,561 shares worth $5.50 million.
W.R. Grace & Co. is engaged in the production and sale of specialty chemicals and specialty materials. The company has a market cap of $4.63 billion. The Firm operates in three divisions: Grace Catalysts Technologies, Grace Materials Technologies and Grace Construction Products. It has a 42.18 P/E ratio. The Company’s Grace Catalysts Technologies segment produces and sells catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications, including Fluid catalytic cracking catalysts, Hydroprocessing catalysts, and Polyolefin catalysts and catalyst supports.
According to Zacks Investment Research, “W. R. Grace & Co. produces specialty chemicals. They primarily operate through the following two business segments: Davison Chemicals and Performance Chemicals. Davison Chemicals manufactures catalysts (fluid cracking, hydroprocessing and polyolein) and silica and zeolite absorbents. Performance Chemicals produces specialty construction and building materials, along with container and closure sealants.”
W.R. Grace & Co. (Grace), incorporated on August 6, 1997, is engaged in the production and sale of specialty chemicals and specialty materials. The Firm operates in three divisions: Grace Catalysts Technologies, which includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications; Grace Materials Technologies, which includes packaging technologies and engineered materials used in consumer, industrial, and pharmaceutical applications, and Grace Construction Products, which includes specialty construction chemicals and specialty building materials used in commercial, infrastructure and residential construction.
More important recent W. R. Grace & Co (NYSE:GRA) news were published by: Streetinsider.com which released: “Jefferies Downgrades WR Grace & Co. (GRA) to Hold” on November 30, 2016, also Baltimoresun.com published article titled: “W. R. Grace & Co. finalizes acquisition of BASF polyolefin catalyst business”, Seekingalpha.com published: “W.R. Grace & Co. (GRA) Q3 2016 Results – Earnings Call Transcript” on October 26, 2016. More interesting news about W. R. Grace & Co (NYSE:GRA) was released by: Nasdaq.com and their article: “W.R. Grace & Co. (GRA) Ex-Dividend Date Scheduled for November 15, 2016” with publication date: November 14, 2016.
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By Darrin Black