Ratings Don’t Lie: Is W.R. Grace (NYSE:GRA) a Sell? How Analyst Rate it? Why Jefferies Downgraded The Stock

November 30, 2016 - By Nellie Frank

Ratings Don't Lie: Is W.R. Grace (NYSE:GRA) a Sell? How Analyst Rate it? Why Jefferies Downgraded The Stock

W.R. Grace (NYSE:GRA) Downgrade

W.R. Grace (NYSE:GRA)‘s stock was downgraded to a “Hold” by research professionals at Jefferies. GRA’s “Buy” rating is no longer valid.

W. R. Grace & Co (NYSE:GRA) Ratings Coverage

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 33.31% above today’s ($64.76) stock price. W. R. Grace & Co has been the topic of 11 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was initiated by Cantor Fitzgerald with “Hold” on Monday, November 30. The stock of W. R. Grace & Co (NYSE:GRA) earned “Buy” rating by Seaport Global Securities on Tuesday, November 1. The stock of W. R. Grace & Co (NYSE:GRA) has “Neutral” rating given on Monday, March 14 by Goldman Sachs. Monness Crespi maintained W. R. Grace & Co (NYSE:GRA) on Thursday, April 28 with “Buy” rating. The stock of W. R. Grace & Co (NYSE:GRA) earned “Buy” rating by Goldman Sachs on Wednesday, January 27. The company was initiated on Tuesday, September 13 by Seaport Global Securities. Tigress Financial downgraded the stock to “Neutral” rating in Monday, August 3 report. BB&T Capital initiated the shares of GRA in a report on Thursday, December 10 with “Hold” rating. The firm has “Outperform” rating given on Monday, March 7 by Macquarie Research. Credit Suisse reinitiated the stock with “Outperform” rating in Thursday, March 24 report.

About 116,211 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 EPS, down 33.57% or $0.47 from last year’s $1.4 per share. GRA’s profit will be $65.77 million for 17.41 P/E if the $0.93 EPS becomes a reality. After $0.80 actual EPS 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 2016 Q2. Its down 0.31, from 1.23 in 2016Q1. The ratio dived, 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.

Great West Life Assurance Commerce Can holds 17,064 shares or 0% of its portfolio. California State Teachers Retirement System has invested 0.02% of its portfolio in W. R. Grace & Co (NYSE:GRA). Livforsakringsbolaget Skandia Omsesidigt accumulated 0.02% or 6,700 shares. Hartford Mngmt last reported 0.01% of its portfolio in the stock. Victory Mngmt Inc reported 819,153 shares or 0.24% of all its holdings. The Texas-based Hbk Invs L P has invested 0.03% in W. R. Grace & Co (NYSE:GRA). Bancshares Of Montreal Can has 73,452 shares for 0.01% of their US portfolio. Ameriprise Fin has 44,121 shares for 0% of their US portfolio. Brown Brothers Harriman Co holds 0.02% of its portfolio in W. R. Grace & Co (NYSE:GRA) for 53,229 shares. State Board Of Administration Of Florida Retirement accumulated 0.02% or 104,657 shares. Apg Asset Management Nv accumulated 0.01% or 106,700 shares. First Manhattan has 765,772 shares for 0.34% of their US portfolio. Great Lakes Advisors Limited Liability Com last reported 0.01% of its portfolio in the stock. Schwab Charles Invest Management accumulated 196,767 shares or 0.02% of the stock. Andra Ap has invested 0.06% of its portfolio in W. R. Grace & Co (NYSE:GRA).

Insider Transactions: Since November 3, 2016, the stock had 0 buys, and 1 sale for $5.50 million net activity. FESTA ALFRED E also sold $5.50 million worth of W. R. Grace & Co (NYSE:GRA) shares.

W.R. Grace & Co. is engaged in the production and sale of specialty chemicals and specialty materials. The company has a market cap of $4.58 billion. The Firm operates in three divisions: Grace Catalysts Technologies, Grace Materials Technologies and Grace Construction Products. It has a 41.72 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.”

GRA Company Profile

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 notable 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 with their article: “W. R. Grace & Co. finalizes acquisition of BASF polyolefin catalyst business” published on July 01, 2016, 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) were released by: Nasdaq.com and their article: “W.R. Grace & Co. (GRA) Ex-Dividend Date Scheduled for November 15, 2016” published on November 14, 2016 as well as Streetinsider.com‘s news article titled: “Seaport Global Securities Upgrades W.R. Grace & Co. (GRA) to Buy” with publication date: November 01, 2016.

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