GCP Applied Technologies Inc (NYSE:GCP) has been assigned a consensus rating of “Buy” from the six ratings firms that are covering the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $35.33.
Several research firms recently commented on GCP. Zacks Investment Research raised GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Seaport Global Securities began coverage on GCP Applied Technologies in a research note on Friday, January 20th. They issued a “buy” rating and a $32.00 price objective for the company. Monness Crespi & Hardt raised GCP Applied Technologies from a “neutral” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Friday, March 3rd. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $37.00 price objective (up from $33.00) on shares of GCP Applied Technologies in a research note on Sunday, March 5th.
Several hedge funds have recently modified their holdings of GCP. Strs Ohio increased its stake in shares of GCP Applied Technologies by 450.0% in the first quarter. Strs Ohio now owns 4,400 shares of the construction company’s stock worth $143,000 after buying an additional 3,600 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of GCP Applied Technologies during the first quarter worth about $200,000. WealthTrust Axiom LLC bought a new stake in shares of GCP Applied Technologies during the first quarter worth about $210,000. Teza Capital Management LLC bought a new stake in shares of GCP Applied Technologies during the first quarter worth about $212,000. Finally, Paloma Partners Management Co bought a new stake in shares of GCP Applied Technologies during the first quarter worth about $213,000. 82.46% of the stock is owned by institutional investors and hedge funds.
Shares of GCP Applied Technologies (NYSE:GCP) opened at 30.40 on Monday. The stock has a 50 day moving average of $32.28 and a 200 day moving average of $29.30. The company has a market cap of $2.17 billion and a price-to-earnings ratio of 56.61. GCP Applied Technologies has a 52-week low of $23.07 and a 52-week high of $34.22.
GCP Applied Technologies (NYSE:GCP) last posted its quarterly earnings data on Tuesday, May 9th. The construction company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.25. GCP Applied Technologies had a net margin of 5.61% and a return on equity of 1,424.27%. The firm had revenue of $225.30 million during the quarter, compared to analyst estimates of $314.30 million. On average, equities research analysts expect that GCP Applied Technologies will post $0.80 EPS for the current year.
GCP Applied Technologies Company Profile
GCP Applied Technologies Inc produces and sells specialty construction chemicals, specialty building materials, and packaging sealants and coatings. The Company operates through three segments: Specialty Construction Chemicals, Specialty Building Materials and Darex Packaging Technologies. The Specialty Construction Chemicals segment manufactures and markets products to manage performance of Portland cement, and materials based on Portland cement, such as concrete admixtures and cement additives, as well as concrete production management systems.
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