GCP Applied Technologies Inc. (GCP) Upgraded by Zacks Investment Research to Hold
GCP Applied Technologies Inc. (NYSE:GCP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “GCP Applied Technologies Inc. offer specialty construction chemicals and building materials as well as packaging technologies. GCP Applied Technologies Inc. is headquatered Cambridge, Massachusetts. “
Several other equities analysts also recently commented on GCP. CL King started coverage on GCP Applied Technologies in a research report on Wednesday, June 29th. They issued a “buy” rating on the stock. Northcoast Research started coverage on GCP Applied Technologies in a research report on Wednesday, June 29th. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $22.00.
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GCP Applied Technologies (NYSE:GCP) traded down 0.87% during midday trading on Tuesday, reaching $26.35. The company’s stock had a trading volume of 356,719 shares. The company’s 50-day moving average is $28.41 and its 200 day moving average is $24.71. GCP Applied Technologies has a 12-month low of $14.47 and a 12-month high of $30.12. The firm has a market cap of $1.87 billion and a price-to-earnings ratio of 47.65.
GCP Applied Technologies (NYSE:GCP) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.04. Equities analysts forecast that GCP Applied Technologies will post $1.49 earnings per share for the current year.
Several large investors have recently bought and sold shares of GCP. Macquarie Group Ltd. increased its stake 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. Schwab Charles Investment Management Inc. increased its stake 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. Amalgamated Bank purchased a new stake in GCP Applied Technologies during the second quarter worth approximately $206,000. Legal & General Group Plc increased its stake in GCP Applied Technologies by 181.0% in the second quarter. Legal & General Group Plc now owns 12,739 shares of the company’s stock worth $327,000 after buying an additional 8,205 shares in the last quarter. Finally, Kimelman & Baird LLC purchased a new stake in GCP Applied Technologies during the second quarter worth approximately $226,000. Institutional investors own 85.15% of the company’s stock.
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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