GCP Applied Technologies Inc. (GCP) Rating Increased to Hold at Zacks Investment Research
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. “
GCP has been the topic of a number of other research reports. Northcoast Research started coverage on GCP Applied Technologies in a research report on Wednesday, June 29th. They set a “buy” rating on the stock. CL King started 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 stock. The company presently has a consensus rating of “Buy” and an average price target of $22.00.
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GCP Applied Technologies (NYSE:GCP) traded down 0.88% during trading on Tuesday, hitting $25.86. The stock had a trading volume of 472,148 shares. The company has a market cap of $1.83 billion and a PE ratio of 46.76. GCP Applied Technologies has a 12 month low of $14.47 and a 12 month high of $30.12. The company’s 50 day moving average is $27.93 and its 200-day moving average is $25.52.
GCP Applied Technologies (NYSE:GCP) last issued its earnings results on Wednesday, August 10th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by $0.04. On average, equities research analysts predict that GCP Applied Technologies will post $1.49 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased 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 valued at $169,000 after buying an additional 2,968 shares during the period. Schwab Charles Investment Management Inc. increased 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 valued at $6,323,000 after buying an additional 113,732 shares during the period. Amalgamated Bank purchased a new position in GCP Applied Technologies during the second quarter valued at $206,000. Legal & General Group Plc increased its position 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 valued at $327,000 after buying an additional 8,205 shares during the period. Finally, Kimelman & Baird LLC purchased a new position in GCP Applied Technologies during the second quarter valued at $226,000. Institutional investors own 84.92% 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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