Robert W. Baird issues ” Outperform” Rating on W. R. Grace & Co (GRA)

W. R. Grace & Co (GRA) was Upgraded by Robert W. Baird to ” Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 85 from a previous price target of $76 . Earlier the firm had a rating of “Neutral ” on the company shares. Robert W. Baird advised their Clients and Investors in a research report released on Feb 7, 2017.

On the company’s financial health, W. R. Grace & Co reported $0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 8, 2017. Analyst had a consensus of $0.94. The company had revenue of $440.80 million for the quarter, compared to analysts expectations of $437.00 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.

Several company insiders have filed Insider transactions , on Nov 7, 2016, Alfred E Festa (Chairman and CEO) sold 80,561 shares at $68.40 per share price. According to the SEC, on May 12, 2016, Diane H. Gulyas (director) purchased 1,000 shares at $78.33 per share price. On May 5, 2016, Mark A Shelnitz (VP, GC and Secretary) sold 34,810 shares at $76.97 per share price, according to the Form-4 filing with the securities and exchange commission.

W. R. Grace & Co opened for trading at $71 and hit $72.57 on the upside on Friday, eventually ending the session at $71.87, with a gain of 0.97% or 0.69 points. The heightened volatility saw the trading volume jump to 6,21,342 shares. Company has a market cap of $4,909 M.

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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