GCP Applied Technologies Inc. (GCP) Sets New 52-Week High at $27.10
Shares of GCP Applied Technologies Inc. (NYSE:GCP) 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 analyst reports. Zacks Investment Research raised shares of GCP Applied Technologies from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday, May 4th. KeyCorp started coverage on shares of GCP Applied Technologies in a research note on Monday, May 16th. They set a “sector weight” rating on the stock. CL King started coverage on shares of GCP Applied Technologies in a research note on Wednesday, June 29th. They set a “buy” rating on the stock. Finally, Northcoast Research started coverage on shares of GCP Applied Technologies in a research note on Wednesday, June 29th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $22.00.
The company’s 50 day moving average is $25.38 and its 200-day moving average is $21.79. The company has a market cap of $1.89 billion and a price-to-earnings ratio of 51.56.
GCP Applied Technologies (NYSE:GCP) last issued its earnings results on Tuesday, May 10th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.12. Equities analysts anticipate that GCP Applied Technologies Inc. will post $1.50 EPS for the current fiscal 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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