GCP Applied Technologies Inc. (NYSE:GCP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and 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. “

A number of other equities research analysts have also commented on the company. Northcoast Research assumed coverage on GCP Applied Technologies in a research report on Wednesday, June 29th. They set a “buy” rating on the stock. CL King assumed coverage on GCP Applied Technologies in a research report on Wednesday, June 29th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. GCP Applied Technologies currently has an average rating of “Buy” and an average price target of $22.00.

Analyst Recommendations for GCP Applied Technologies (NYSE:GCP)

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GCP Applied Technologies (NYSE:GCP) traded down 0.87% on Tuesday, reaching $26.35. The company had a trading volume of 356,719 shares. GCP Applied Technologies has a 12 month low of $14.47 and a 12 month high of $30.12. The stock has a market capitalization of $1.87 billion and a price-to-earnings ratio of 47.65. The firm has a 50 day moving average price of $28.41 and a 200-day moving average price of $24.71.

GCP Applied Technologies (NYSE:GCP) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.04. Analysts forecast that GCP Applied Technologies will post $1.49 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Amalgamated Bank purchased a new position in shares of GCP Applied Technologies during the second quarter worth approximately $206,000. Kimelman & Baird LLC purchased a new position in shares of GCP Applied Technologies during the second quarter worth approximately $226,000. Legal & General Group Plc raised its position in shares of 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 during the last quarter. Cubist Systematic Strategies LLC raised its position in shares of GCP Applied Technologies by 192.0% in the second quarter. Cubist Systematic Strategies LLC now owns 43,620 shares of the company’s stock worth $1,136,000 after buying an additional 28,680 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of GCP Applied Technologies by 836.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 51,052 shares of the company’s stock worth $1,329,000 after buying an additional 45,598 shares during the last quarter. Hedge funds and other 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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