GCP Applied Technologies (NYSE:GCP)‘s stock had its “buy” rating restated by equities research analysts at Seaport Global Securities in a research report issued to clients and investors on Thursday. They presently have a $31.00 target price on the construction company’s stock. Seaport Global Securities’ target price suggests a potential upside of 20.16% from the company’s previous close. Seaport Global Securities also issued estimates for GCP Applied Technologies’ Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $0.94 EPS, Q1 2019 earnings at $0.13 EPS, Q2 2019 earnings at $0.36 EPS, Q3 2019 earnings at $0.39 EPS, Q4 2019 earnings at $0.37 EPS and FY2019 earnings at $1.25 EPS.

A number of other research analysts have also recently commented on GCP. Zacks Investment Research cut shares of GCP Applied Technologies from a “hold” rating to a “sell” rating in a research report on Friday, August 10th. KeyCorp decreased their target price on shares of GCP Applied Technologies from $35.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, August 9th. Monness Crespi & Hardt cut shares of GCP Applied Technologies from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research report on Wednesday, August 8th. Finally, ValuEngine raised shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, May 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $32.40.

NYSE GCP opened at $25.80 on Thursday. GCP Applied Technologies has a 12 month low of $23.85 and a 12 month high of $34.79. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.82 and a current ratio of 2.20. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 40.55, a P/E/G ratio of 1.43 and a beta of 1.37.

GCP Applied Technologies (NYSE:GCP) last posted its earnings results on Tuesday, August 7th. The construction company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.12). GCP Applied Technologies had a net margin of 48.05% and a return on equity of 10.57%. The company had revenue of $302.80 million during the quarter, compared to analyst estimates of $321.80 million. analysts predict that GCP Applied Technologies will post 1.01 EPS for the current fiscal year.

In other GCP Applied Technologies news, major shareholder Dalbergia Investments Llc purchased 809,500 shares of GCP Applied Technologies stock in a transaction dated Thursday, August 9th. The shares were acquired at an average price of $25.10 per share, with a total value of $20,318,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of GCP. Gamco Investors INC. ET AL lifted its position in shares of GCP Applied Technologies by 126.5% during the first quarter. Gamco Investors INC. ET AL now owns 1,493,105 shares of the construction company’s stock worth $43,375,000 after purchasing an additional 833,780 shares in the last quarter. Millennium Management LLC lifted its position in shares of GCP Applied Technologies by 57.0% during the first quarter. Millennium Management LLC now owns 1,117,691 shares of the construction company’s stock worth $32,469,000 after purchasing an additional 405,854 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of GCP Applied Technologies by 12.7% during the first quarter. JPMorgan Chase & Co. now owns 3,415,180 shares of the construction company’s stock worth $99,211,000 after purchasing an additional 383,949 shares in the last quarter. BlackRock Inc. lifted its position in shares of GCP Applied Technologies by 5.6% during the second quarter. BlackRock Inc. now owns 5,028,459 shares of the construction company’s stock worth $145,574,000 after purchasing an additional 266,360 shares in the last quarter. Finally, Engadine Partners LLP acquired a new stake in shares of GCP Applied Technologies during the second quarter worth about $7,179,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

About GCP Applied Technologies

GCP Applied Technologies Inc produces and sells specialty construction chemicals and specialty building materials worldwide. Its Specialty Construction Chemicals segment offers concrete admixtures under the CONCERA, CLARENA, ADVA, STRUX, MIRA, TYTRO, POLARSET, ECLIPSE, DARACEM, DARASET, DCI, RECOVER, WRDA, and ZYLA brands; admixtures for decorative concrete under the PIERI brand; concrete production management system under the VERIFI and DUCTILCRETE brands; and cement additives under the OPTEVA HE, TAVERO VM, CBA, SYNCHRO, HEA2, TDA, and ESE brands.

Further Reading: Price to Earnings Ratio (PE) Basics

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