GCP Applied Technologies Inc. (GCP) Hits New 12-Month High at $27.10
GCP Applied Technologies Inc. (NYSE:GCP) shares hit a new 52-week high on Tuesday . The stock traded as high as $27.10 and last traded at $26.76, with a volume of 115,471 shares. The stock had previously closed at $26.70.
GCP has been the topic of several research reports. Northcoast Research initiated coverage on GCP Applied Technologies in a research report on Wednesday, June 29th. They issued a “buy” rating on the stock. KeyCorp initiated coverage on GCP Applied Technologies in a report on Monday, May 16th. They set a “sector weight” rating on the stock. CL King initiated coverage on GCP Applied Technologies in a report on Wednesday, June 29th. They set a “buy” rating on the stock. Finally, Zacks Investment Research raised GCP Applied Technologies from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Wednesday, May 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $22.00.
The company has a market cap of $1.89 billion and a price-to-earnings ratio of 51.70. The company’s 50-day moving average price is $25.20 and its 200 day moving average price is $21.70.
GCP Applied Technologies (NYSE:GCP) last posted its earnings results on Tuesday, May 10th. The company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.12. On average, equities research analysts expect that GCP Applied Technologies Inc. will post $1.50 earnings per share for the current year.
GCP Applied Technologies Inc is a provider of products and technology solutions for customers in the specialty construction chemicals, specialty building materials and packaging sealants and coatings industries. The Company operates through three segments: Specialty Construction Chemicals (SCC), which provides products, technologies, and services that improve the performance of cement, concrete, mortar, masonry and other cementitious based construction materials; Specialty Building Materials (SBM), which produces and sells sheet and liquid membrane systems and other products that protect both new and existing structures from water, air, vapor penetration, and fire damage, and Darex Packaging Technologies, which produces and sells sealants and coatings for consumer and industrial applications to protect the integrity of packaged products.
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