Economy

(NYSE:GRA) Closed Higher Than Its 50 Day Moving Average

Harrison now anticipates that the specialty chemicals company will earn $0.95 per share for the quarter, down from their previous forecast of $0.99. KeyCorp reissued an overweight rating and set a $84.00 target price (up previously from $77.00) on shares of W.R. Grace & Co.in a research report on Thursday.

More important recent W. R. Grace & Co (NYSE:GRA) news were published by: Globenewswire.com which released: "Grace to Present at Baird 2017 Global Industrial Conference" on October 31, 2017, also Law360.com published article titled: "WR Grace Wins $1.6M From IRS After Interest Cut", Streetinsider.com published: "WR Grace & Co".

Several other research firms have also issued reports on GRA. Ngam Advisors Ltd Partnership holds 0.03% of its portfolio in W. R. Grace & Co (NYSE:GRA) for 43,003 shares.

On September 29 analysts at Loop Capital initiated coverage on GRA with an initial rating of "Buy". $81.08's average target is 5.57% above currents $76.8 stock price. Jefferies Group LLC reiterated a "hold" rating on shares of W.R. Grace & Co.in a research report on Tuesday, October 3rd. Finally, BidaskClub raised shares of W.R. Grace & Co. from a sell rating to a hold rating in a research report on Saturday, August 26th.

Wells Fargo & Company MN decreased its position in shares of W.R. Grace & Co. On Tuesday, November 1 the stock rating was upgraded by Seaport Global Securities to "Buy". The company now has an average rating of Buy and a consensus price target of $80.82.

ILLEGAL ACTIVITY NOTICE: This piece was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of worldwide copyright & trademark laws. The original version of this article can be accessed at https://weekherald.com/2017/11/01/brokers-offer-predictions-for-w-r-grace-co-s-fy2017-earnings-gra.html.

The share price of the company (NYSE:GRA) was down -0.80% during the last trading session, with a high of 76.69 and the volume of W.R. Grace & Co. shares traded was 761884. Gates Capital Management Inc who had been investing in Grace W R & Co Del New for a number of months, seems to be bullish on the $5.20B market cap company. The stock's 50 day moving average price is $75.10 and its 200 day moving average price is $75.65. (NYSE:GRA) last released its quarterly earnings results on Wednesday, October 25th. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 18,208 shares of the specialty chemicals company's stock valued at $1,311,000 after buying an additional 6,705 shares during the period. The firm had revenue of $429.50 million for the quarter, compared to analyst estimates of $411.50 million.

W. R. Grace & Co. During the same quarter in the prior year, the company posted $0.80 earnings per share. Institutional investors and hedge funds own 84.73% of the company's stock. Prudential Financial Inc. grew its holdings in shares of W.R. Grace & Co.by 4.6% in the second quarter. PNC Financial Services Group Inc. now owns 7,814 shares of the specialty chemicals company's stock valued at $562,000 after purchasing an additional 101 shares in the last quarter. Advisory Services Network LLC purchased a new stake in W.R. Grace & Co. during the second quarter valued at about $132,000. Strs Ohio now owns 1,823 shares of the company's stock valued at $133,000 after buying an additional 1,730 shares in the last quarter. World Asset Management Inc purchased a new stake in W.R. Grace & Co.in the second quarter worth about $221,000. The fund owned 34,027 shares of the specialty chemicals company's stock after selling 19,701 shares during the period.

11/01/2016 - W.R. Grace & Co. was upgraded to "buy" by analysts at Seaport Global Securities.

03/24/2016 - W.R. Grace & Co. had its "outperform" rating reiterated by analysts at Credit Suisse. LS Investment Advisors LLC now owns 2,517 shares of the specialty chemicals company's stock valued at $181,000 after purchasing an additional 298 shares during the last quarter.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. The dividend payment will be $0.210 per share for the quarter which is $0.84 annualized. Its down 0.50, from 1.21 in 2017Q1. The ex-dividend date is Tuesday, November 14th. The Grace Catalysts Technologies segment includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications. The Company operates in three segments: Grace Catalysts Technologies, Grace Materials Technologies and Grace Construction Products.



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