W. R. Grace & Co (GRA) is Initiated by Seaport Global Securities to Neutral, Price Target at $81

W. R. Grace & Co (GRA) was Initiated by Seaport Global Securities to “Neutral” and the brokerage firm has set the Price Target at $81. Seaport Global Securities advised their investors in a research report released on Sep 13, 2016.

On the company’s financial health, W. R. Grace & Co reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.67. The company had revenue of $390.50 million for the quarter, compared to analysts expectations of $405.89 million. The company’s revenue was down -4.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.19 EPS.

W. R. Grace & Co opened for trading at $74.57 and hit $75.85 on the upside on Monday, eventually ending the session at $75.44, with a gain of 0.43% or 0.32 points. The heightened volatility saw the trading volume jump to 511,180 shares. Company has a market cap of $5,306 M.

In a different news, on May 12, 2016, Diane H. Gulyas (director) purchased 1,000 shares at $78.33 per share price. According to the SEC, on May 5, 2016, Mark A Shelnitz (VP, GC and Secretary) sold 34,810 shares at $76.97 per share price. On Dec 16, 2015, Keith N Cole (VP, Govt. Relations and EHS) purchased 3,000 shares at $93.50 per share price, according to the Form-4 filing with the securities and exchange commission.

W.R. Grace & Co. (Grace) is engaged in the production and sale of specialty chemicals and specialty materials on a global basis. The Company operates in three segments: Grace Catalysts Technologies which includes catalysts and related products and refining petrochemical and other chemical manufacturing technologies; Grace Materials Technologies which includes packaging technologies and engineered materials and Grace Construction Products which includes specialty construction chemicals and specialty building materials. Its brands include Sylojet Syloid Shieldex Sylosiv Sylowhite Durafill Ludox Sylodent Syloblanc Daraclar Trisyl Perkasil Phonosorb Sylobead Cryosiv Safetysorb Poliedge Sylobloc Synthetech Davisil Vydac Modcol Spring Multipacker Reveleris Revealx Graceresolv Visionht Vydac Alltech Alltima Sodasorb Darex Daraform Daraseal Darablend Sincera Celox Apperta and Sistiaga.

W. R. Grace & Co

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