GCP Applied Technologies Inc (GCP) Receives $35.33 Average Price Target from Analysts
GCP Applied Technologies Inc (NYSE:GCP) has been given a consensus rating of “Buy” by the seven ratings firms that are covering the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $35.33.
Several equities analysts have recently weighed in on the company. Jefferies Group LLC restated a “buy” rating and issued a $37.00 target price (up previously from $33.00) on shares of GCP Applied Technologies in a research report on Sunday, March 5th. Monness Crespi & Hardt upgraded GCP Applied Technologies from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Friday, March 3rd. Zacks Investment Research downgraded GCP Applied Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, January 26th. Finally, Seaport Global Securities assumed coverage on GCP Applied Technologies in a research report on Friday, January 20th. They issued a “buy” rating and a $32.00 target price on the stock.
Shares of GCP Applied Technologies (NYSE:GCP) traded up 0.95% during mid-day trading on Monday, reaching $31.95. The company had a trading volume of 360,174 shares. The stock has a 50 day moving average of $32.57 and a 200-day moving average of $28.33. The company has a market capitalization of $2.27 billion and a price-to-earnings ratio of 31.32. GCP Applied Technologies has a 52 week low of $21.51 and a 52 week high of $34.05.
GCP Applied Technologies (NYSE:GCP) last released its earnings results on Thursday, March 2nd. The construction company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.02. The firm earned $332.90 million during the quarter, compared to analysts’ expectations of $337.40 million. GCP Applied Technologies had a net margin of 5.61% and a return on equity of 1,424.27%. On average, analysts expect that GCP Applied Technologies will post $1.53 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. SECOR Capital Advisors LP bought a new stake in GCP Applied Technologies during the third quarter valued at approximately $4,481,000. Globeflex Capital L P boosted its stake in GCP Applied Technologies by 43.3% in the third quarter. Globeflex Capital L P now owns 102,611 shares of the construction company’s stock valued at $2,906,000 after buying an additional 30,988 shares in the last quarter. California State Teachers Retirement System boosted its stake in GCP Applied Technologies by 0.8% in the third quarter. California State Teachers Retirement System now owns 150,154 shares of the construction company’s stock valued at $4,252,000 after buying an additional 1,200 shares in the last quarter. SG Americas Securities LLC bought a new stake in GCP Applied Technologies during the third quarter valued at approximately $244,000. Finally, BlackRock Group LTD boosted its stake in GCP Applied Technologies by 1.7% in the third quarter. BlackRock Group LTD now owns 163,781 shares of the construction company’s stock valued at $4,638,000 after buying an additional 2,682 shares in the last quarter. 82.46% of the stock is owned by hedge funds and other institutional investors.
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GCP Applied Technologies Company Profile
GCP Applied Technologies Inc produces and sells specialty construction chemicals, specialty building materials, and packaging sealants and coatings. The Company operates through three segments: Specialty Construction Chemicals, Specialty Building Materials and Darex Packaging Technologies. 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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