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W.R. Grace & CO. Given New $94.00 Price Target at Credit Suisse (GRA)

Oct, 17 2013


W.R. Grace & CO. logo

Credit Suisse hoisted their price target on shares of W.R. Grace & CO. (NYSE:GRA) from $89.00 to $94.00 in a research note issued on Tuesday, American Banking & Market News reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price target indicates a potential upside of 4.21% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Robert W. Baird raised their price target on shares of W.R. Grace & CO. from $82.00 to $93.00 in a research note to investors on Thursday, October 3rd. They now have an “outperform” rating on the stock. Analysts at Jefferies Group cut their price target on shares of W.R. Grace & CO. from $101.00 to $94.00 in a research note to investors on Monday, July 29th. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. W.R. Grace & CO. presently has an average rating of “Buy” and a consensus price target of $89.14.

W.R. Grace & CO. (NYSE:GRA) traded down 0.19% during mid-day trading on Tuesday, hitting $90.03. 214,098 shares of the company’s stock traded hands. W.R. Grace & CO. has a 52-week low of $58.72 and a 52-week high of $90.96. The stock has a 50-day moving average of $86.25 and a 200-day moving average of $81.77. The company has a market cap of $6.900 billion and a P/E ratio of 69.76.

W.R. Grace & CO. (NYSE:GRA) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by $0.01. The company had revenue of $802.80 million for the quarter, compared to the consensus estimate of $820.35 million. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, analysts predict that W.R. Grace & CO. will post $4.14 earnings per share for the current fiscal year.

W.R. Grace & Co (NYSE:GRA) is engaged in the production and sale of specialty chemicals and specialty materials on a global basis.

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