Shares of GCP Applied Technologies Inc. (NYSE:GCP) have earned an average recommendation of “Buy” from the six analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $34.60.
GCP has been the subject of several research reports. Zacks Investment Research raised GCP Applied Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. Cowen and Company assumed coverage on GCP Applied Technologies in a research report on Monday. They set a “market perform” rating and a $31.00 price target for the company.
A number of institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank increased its position in GCP Applied Technologies by 3.4% during the second quarter. Amalgamated Bank now owns 9,027 shares of the construction company’s stock worth $275,000 after buying an additional 301 shares in the last quarter. Legal & General Group Plc grew its position in shares of GCP Applied Technologies by 1.2% in the second quarter. Legal & General Group Plc now owns 25,493 shares of the construction company’s stock valued at $776,000 after purchasing an additional 309 shares during the period. Suntrust Banks Inc. grew its position in shares of GCP Applied Technologies by 0.3% in the second quarter. Suntrust Banks Inc. now owns 160,086 shares of the construction company’s stock valued at $4,882,000 after purchasing an additional 441 shares during the period. Symphony Asset Management LLC grew its position in shares of GCP Applied Technologies by 4.1% in the second quarter. Symphony Asset Management LLC now owns 17,770 shares of the construction company’s stock valued at $542,000 after purchasing an additional 698 shares during the period. Finally, Aperio Group LLC grew its position in shares of GCP Applied Technologies by 2.3% in the second quarter. Aperio Group LLC now owns 31,311 shares of the construction company’s stock valued at $955,000 after purchasing an additional 709 shares during the period. 81.28% of the stock is owned by institutional investors.
Shares of GCP Applied Technologies (NYSE GCP) opened at 29.35 on Monday. The company’s 50 day moving average price is $30.44 and its 200 day moving average price is $30.44. GCP Applied Technologies has a 12 month low of $25.10 and a 12 month high of $34.22. The stock has a market capitalization of $2.10 billion, a PE ratio of 667.05 and a beta of 0.97.
GCP Applied Technologies (NYSE:GCP) last issued its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). The firm had revenue of $287.20 million for the quarter, compared to analyst estimates of $309.70 million. GCP Applied Technologies had a negative return on equity of 44.32% and a net margin of 0.26%. The firm’s revenue was up 1.1% compared to the same quarter last year. Equities analysts anticipate that GCP Applied Technologies will post $0.61 earnings per share for the current fiscal 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 two segments: Specialty Construction Chemicals and Specialty Building Materials. 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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