GCP Applied Technologies Inc. (GCP) Shares Up 6%
GCP Applied Technologies Inc. (NYSE:GCP)’s share price shot up 6% on Monday . The stock traded as high as $29.08 and last traded at $29.08, with a volume of 234,029 shares trading hands. The stock had previously closed at $27.43.
Several research firms have weighed in on GCP. Zacks Investment Research lowered shares of GCP Applied Technologies from a “hold” rating to a “sell” rating in a report on Friday, August 12th. KeyCorp began coverage on shares of GCP Applied Technologies in a report on Monday, May 16th. They issued a “sector weight” rating on the stock. Northcoast Research began coverage on shares of GCP Applied Technologies in a report on Wednesday, June 29th. They issued a “buy” rating on the stock. Finally, CL King began coverage on shares of GCP Applied Technologies in a report on Wednesday, June 29th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. GCP Applied Technologies has an average rating of “Hold” and an average target price of $22.00.
The firm’s 50-day moving average is $27.11 and its 200-day moving average is $22.83. The stock has a market cap of $2.01 billion and a P/E ratio of 51.37.
GCP Applied Technologies (NYSE:GCP) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.04. Equities research analysts predict that GCP Applied Technologies Inc. will post $1.49 earnings per share for the current fiscal year.
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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