GCP Applied Technologies Inc. (NYSE:GCP) has earned a consensus rating of “Buy” from the seven analysts that are currently covering the firm. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $20.50.
Several analysts have recently weighed in on GCP shares. CL King started coverage on GCP Applied Technologies in a report on Wednesday, June 29th. They set a “buy” rating on the stock. Northcoast Research started coverage on GCP Applied Technologies in a report on Wednesday, June 29th. They set a “buy” rating on the stock. Finally, Zacks Investment Research lowered GCP Applied Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th.
GCP Applied Technologies (NYSE:GCP) opened at 26.00 on Monday. GCP Applied Technologies has a one year low of $14.47 and a one year high of $30.12. The stock’s 50 day moving average price is $27.84 and its 200-day moving average price is $25.53. The firm has a market capitalization of $1.84 billion and a price-to-earnings ratio of 47.02.
GCP Applied Technologies (NYSE:GCP) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.04. On average, equities research analysts anticipate that GCP Applied Technologies will post $1.49 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the stock. Searle & CO. bought a new stake in shares of GCP Applied Technologies during the third quarter valued at approximately $333,000. Simplex Trading LLC acquired a new position in GCP Applied Technologies during the third quarter worth approximately $122,000. BNP Paribas Arbitrage SA raised its position in GCP Applied Technologies by 99.4% in the third quarter. BNP Paribas Arbitrage SA now owns 5,955 shares of the company’s stock worth $169,000 after buying an additional 2,968 shares in the last quarter. Macquarie Group Ltd. raised its position in GCP Applied Technologies by 0.5% in the second quarter. Macquarie Group Ltd. now owns 97,650 shares of the company’s stock worth $2,543,000 after buying an additional 450 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in GCP Applied Technologies by 88.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 242,795 shares of the company’s stock worth $6,323,000 after buying an additional 113,732 shares in the last quarter. 84.92% of the stock is currently owned by institutional investors and hedge funds.
GCP Applied Technologies Company Profile
GCP Applied Technologies Inc (GCP) is engaged in the production and sale of specialty construction chemicals, specialty building materials, and packaging sealants and coatings. The Company operates through three segments: Specialty Construction Chemicals (SCC), Specialty Building Materials (SBM) and Darex Packaging Technologies (Darex).
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