GCP Applied Technologies Inc (GCP) Receives Consensus Rating of “Hold” from Analysts

GCP Applied Technologies Inc (NYSE:GCP) has received a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $34.75.

GCP has been the topic of a number of analyst reports. Cowen initiated coverage on shares of GCP Applied Technologies in a research note on Monday, October 30th. They set a “market perform” rating and a $31.00 target price on the stock. Zacks Investment Research upgraded shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. TheStreet upgraded shares of GCP Applied Technologies from a “d+” rating to a “c” rating in a research note on Friday, November 24th. Finally, KeyCorp restated a “buy” rating and set a $34.00 target price on shares of GCP Applied Technologies in a research note on Friday, November 3rd.

GCP Applied Technologies (GCP) opened at $32.90 on Wednesday. The firm has a market cap of $2,389.06, a price-to-earnings ratio of 3.68 and a beta of 0.96. GCP Applied Technologies has a one year low of $25.95 and a one year high of $34.79. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.28 and a current ratio of 2.52.

GCP Applied Technologies (NYSE:GCP) last issued its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The business had revenue of $282.40 million for the quarter, compared to analysts’ expectations of $279.05 million. GCP Applied Technologies had a net margin of 56.84% and a return on equity of 124.93%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.21 EPS. equities research analysts forecast that GCP Applied Technologies will post 0.63 earnings per share for the current fiscal year.

In related news, insider Gregory E. Poling sold 26,233 shares of GCP Applied Technologies stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $32.91, for a total transaction of $863,328.03. Following the transaction, the insider now owns 81,151 shares in the company, valued at approximately $2,670,679.41. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.65% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GCP. Bamco Inc. NY purchased a new position in shares of GCP Applied Technologies during the 3rd quarter valued at $33,770,000. Victory Capital Management Inc. lifted its stake in shares of GCP Applied Technologies by 40.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,938,292 shares of the construction company’s stock valued at $59,506,000 after buying an additional 558,305 shares in the last quarter. Engadine Partners LLP purchased a new position in shares of GCP Applied Technologies during the 4th quarter valued at $17,654,000. Tocqueville Asset Management L.P. lifted its stake in shares of GCP Applied Technologies by 144.1% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 565,397 shares of the construction company’s stock valued at $17,358,000 after buying an additional 333,740 shares in the last quarter. Finally, FMR LLC increased its holdings in GCP Applied Technologies by 61.3% in the 2nd quarter. FMR LLC now owns 848,847 shares of the construction company’s stock valued at $25,890,000 after acquiring an additional 322,447 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

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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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