GCP Applied Technologies Inc. (NYSE:GCP) has earned an average recommendation of “Buy” from the seven research firms that are presently covering the firm. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $20.50.

A number of research firms have weighed in on GCP. Zacks Investment Research downgraded GCP Applied Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. CL King began coverage on GCP Applied Technologies in a report on Wednesday, June 29th. They issued a “buy” rating on the stock. Finally, Northcoast Research began coverage on GCP Applied Technologies in a report on Wednesday, June 29th. They issued a “buy” rating on the stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Simplex Trading LLC bought a new position in GCP Applied Technologies during the third quarter valued at $122,000. BNP Paribas Arbitrage SA boosted 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. Macquarie Group Ltd. boosted its position in GCP Applied Technologies by 0.5% in the second quarter. Macquarie Group Ltd. now owns 97,650 shares of the company’s stock valued at $2,543,000 after buying an additional 450 shares during the period. Schwab Charles Investment Management Inc. boosted 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. Finally, Amalgamated Bank bought a new position in GCP Applied Technologies during the second quarter valued at $206,000. Hedge funds and other institutional investors own 84.92% of the company’s stock.

GCP Applied Technologies (NYSE:GCP) traded up 0.65% during midday trading on Monday, hitting $26.15. The stock had a trading volume of 290,414 shares. The stock’s 50-day moving average is $28.12 and its 200-day moving average is $25.40. The company has a market cap of $1.85 billion and a P/E ratio of 47.29. GCP Applied Technologies has a one year low of $14.47 and a one year high of $30.12.

GCP Applied Technologies (NYSE:GCP) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by $0.04. Equities analysts predict that GCP Applied Technologies will post $1.49 EPS for the current fiscal year.

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).

5 Day Chart for NYSE:GCP

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