GCP Applied Technologies Inc. (GCP) Receives $20.50 Average Price Target from Brokerages
GCP Applied Technologies Inc. (NYSE:GCP) has been assigned an average recommendation of “Buy” from the seven brokerages that are covering the stock. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $26.00.
GCP has been the topic of a number of recent analyst reports. Jefferies Group reaffirmed a “buy” rating and issued a $33.00 target price on shares of GCP Applied Technologies in a research report on Wednesday. Zacks Investment Research upgraded shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, October 11th.
A number of hedge funds have recently modified their holdings of GCP. Simplex Trading LLC purchased a new stake in GCP Applied Technologies during the third quarter valued at approximately $122,000. BNP Paribas Arbitrage SA boosted its stake 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. Quantbot Technologies LP purchased a new stake in GCP Applied Technologies during the third quarter valued at approximately $203,000. Amalgamated Bank purchased a new stake in GCP Applied Technologies during the second quarter valued at approximately $206,000. Finally, Kimelman & Baird LLC purchased a new stake in GCP Applied Technologies during the second quarter valued at approximately $226,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.
Shares of GCP Applied Technologies (NYSE:GCP) opened at 27.70 on Monday. GCP Applied Technologies has a 1-year low of $14.47 and a 1-year high of $30.12. The stock’s 50 day moving average is $26.48 and its 200-day moving average is $26.41. The stock has a market cap of $1.97 billion and a PE ratio of 25.62.
GCP Applied Technologies (NYSE:GCP) last posted its earnings results on Wednesday, November 9th. The company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.06. The company earned $342.50 million during the quarter, compared to analysts’ expectations of $362.50 million. GCP Applied Technologies had a net margin of 5.61% and a return on equity of 1,424.27%. On average, analysts predict that GCP Applied Technologies will post $1.41 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).
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