GCP Applied Technologies Inc. (NYSE:GCP) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Wednesday, July 12th.
According to Zacks, “GCP Applied Technologies Inc. offer specialty construction chemicals and building materials as well as packaging technologies. GCP Applied Technologies Inc. is headquatered Cambridge, Massachusetts. “
Separately, KeyCorp upgraded shares of GCP Applied Technologies from a “sector weight” rating to an “overweight” rating and set a $36.00 price target on the stock in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $35.50.
GCP Applied Technologies (GCP) opened at 31.10 on Wednesday. The company’s 50 day moving average is $30.60 and its 200-day moving average is $30.23. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 57.91 and a beta of 0.79. GCP Applied Technologies has a 1-year low of $25.10 and a 1-year high of $34.22.
GCP Applied Technologies (NYSE:GCP) last released its quarterly earnings results on Tuesday, May 9th. The construction company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.25. The firm had revenue of $225.30 million during the quarter, compared to analyst estimates of $314.30 million. GCP Applied Technologies had a net margin of 2.99% and a negative return on equity of 53.77%. On average, analysts predict that GCP Applied Technologies will post $0.80 EPS for the current fiscal year.
WARNING: This news story was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://sportsperspectives.com/2017/07/22/gcp-applied-technologies-inc-gcp-rating-increased-to-hold-at-zacks-investment-research-updated.html.
Institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board bought a new position in shares of GCP Applied Technologies during the first quarter worth $6,315,000. Wells Fargo & Company MN increased its position in shares of GCP Applied Technologies by 47.2% in the first quarter. Wells Fargo & Company MN now owns 168,379 shares of the construction company’s stock worth $5,499,000 after buying an additional 53,963 shares in the last quarter. WealthTrust Axiom LLC bought a new position in shares of GCP Applied Technologies during the first quarter worth $210,000. Russell Investments Group Ltd. increased its position in shares of GCP Applied Technologies by 65.3% in the first quarter. Russell Investments Group Ltd. now owns 65,621 shares of the construction company’s stock worth $2,143,000 after buying an additional 25,931 shares in the last quarter. Finally, Strs Ohio increased its position in shares of GCP Applied Technologies by 450.0% in the first quarter. Strs Ohio now owns 4,400 shares of the construction company’s stock worth $143,000 after buying an additional 3,600 shares in the last quarter. 81.36% of the stock is owned by institutional investors.
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.
Get a free copy of the Zacks research report on GCP Applied Technologies (GCP)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for GCP Applied Technologies Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for GCP Applied Technologies Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.