GCP Applied Technologies Inc. (NYSE:GCP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.
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. “
A number of other equities research analysts have also weighed in on the stock. Jefferies Group LLC restated a “buy” rating and issued a $33.00 target price on shares of GCP Applied Technologies in a report on Wednesday, November 16th. Seaport Global Securities initiated coverage on shares of GCP Applied Technologies in a report on Friday, January 20th. They issued a “buy” rating and a $32.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $27.25.
Shares of GCP Applied Technologies (NYSE:GCP) opened at 27.40 on Thursday. The stock’s 50 day moving average price is $26.89 and its 200-day moving average price is $27.35. GCP Applied Technologies has a one year low of $14.47 and a one year high of $30.12. The company has a market cap of $1.95 billion and a PE ratio of 25.35.
GCP Applied Technologies (NYSE:GCP) last posted its earnings results on Wednesday, November 9th. The company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.06. GCP Applied Technologies had a return on equity of 1,424.27% and a net margin of 5.61%. The business earned $342.50 million during the quarter, compared to analyst estimates of $362.50 million. On average, analysts expect that GCP Applied Technologies will post $1.41 EPS for the current year.
In other GCP Applied Technologies news, President Gregory E. Poling sold 53,950 shares of the stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $26.71, for a total value of $1,441,004.50. Following the completion of the sale, the president now owns 40,280 shares in the company, valued at approximately $1,075,878.80. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Large investors have recently modified their holdings of the company. Simplex Trading LLC bought a new stake in shares of GCP Applied Technologies during the third quarter valued at about $122,000. BNP Paribas Arbitrage SA raised its stake in shares of 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 last quarter. Quantbot Technologies LP bought a new stake in shares of GCP Applied Technologies during the third quarter valued at about $203,000. Amalgamated Bank bought a new stake in shares of GCP Applied Technologies during the second quarter valued at about $206,000. Finally, Kimelman & Baird LLC bought a new stake in shares of GCP Applied Technologies during the second quarter valued at about $226,000. Institutional investors own 81.82% of the company’s stock.
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).
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