GCP Applied Technologies Inc. (NYSE:GCP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage currently has a $35.00 target price on the construction company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 10.76% from the company’s previous close.

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. “

Separately, KeyCorp raised GCP Applied Technologies from a “sector weight” rating to an “overweight” rating and set a $36.00 price target on the stock in a research note on Thursday, June 22nd. Five investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $35.40.

Shares of GCP Applied Technologies (NYSE:GCP) traded up 0.32% during trading on Wednesday, hitting $31.60. The company had a trading volume of 230,037 shares. The stock has a market cap of $2.26 billion, a PE ratio of 718.18 and a beta of 0.97. GCP Applied Technologies has a 12-month low of $25.10 and a 12-month high of $33.70. The firm has a 50 day moving average of $30.70 and a 200 day moving average of $30.70.

GCP Applied Technologies (NYSE:GCP) last posted its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). The company had revenue of $287.20 million during the quarter, compared to analyst estimates of $309.70 million. GCP Applied Technologies had a net margin of 0.26% and a negative return on equity of 44.32%. GCP Applied Technologies’s quarterly revenue was up 1.1% on a year-over-year basis. On average, analysts forecast that GCP Applied Technologies will post $0.78 earnings per share for the current fiscal year.

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Several hedge funds have recently bought and sold shares of GCP. Strs Ohio lifted its stake in shares of GCP Applied Technologies by 450.0% in the 1st quarter. Strs Ohio now owns 4,400 shares of the construction company’s stock valued at $143,000 after purchasing an additional 3,600 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of GCP Applied Technologies in the 1st quarter valued at $200,000. Paloma Partners Management Co acquired a new position in shares of GCP Applied Technologies in the 1st quarter valued at $213,000. Janus Henderson Group PLC acquired a new position in shares of GCP Applied Technologies in the 2nd quarter valued at $219,000. Finally, AHL Partners LLP acquired a new position in shares of GCP Applied Technologies in the 2nd quarter valued at $258,000. 82.21% of the stock is currently owned by institutional investors.

About GCP Applied Technologies

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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