Why W.R. Grace & Co. (NYSE:GRA) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $84.50 on W.R. Grace & Co. (NYSE:GRA) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.07 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of W.R. Grace & Co. (NYSE:GRA) stands at 77.48.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For W.R. Grace & Co. Common Stock, the PEG ratio for coming 3-5 years is -3.11.

Technical Analysis

The technical analysis highlights that W.R. Grace & Co. Common Stock current is trading $3.81 points away or +5.05% from its 50-day moving average of $75.45. Further it is trading $4.87 or +6.55% away its 200-day moving average of $74.39.

The 52-week high of W.R. Grace & Co. (NYSE:GRA) was $101.99 while lowest point recorded in 52-week was $63.84. It implies if stock price makes a movement of over $-22.73, it will record a new 52-week high. In the case of +24.15% drop, it will touch a new 52-week low.

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