GCP Applied Technologies Inc. (GCP) Reaches New 12-Month High at $30.12
Shares of GCP Applied Technologies Inc. (NYSE:GCP) hit a new 52-week high on Friday . The company traded as high as $30.12 and last traded at $29.77, with a volume of 125,415 shares. The stock had previously closed at $29.69.
GCP has been the subject of a number of analyst reports. Zacks Investment Research raised GCP Applied Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, August 24th. KeyCorp initiated coverage on GCP Applied Technologies in a research report on Monday, May 16th. They issued a “sector weight” rating for the company. CL King initiated coverage on GCP Applied Technologies in a research report on Wednesday, June 29th. They issued a “buy” rating for the company. Finally, Northcoast Research initiated coverage on GCP Applied Technologies in a research report on Wednesday, June 29th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. GCP Applied Technologies currently has an average rating of “Hold” and a consensus target price of $22.00.
The company has a 50-day moving average price of $28.25 and a 200-day moving average price of $23.74. The firm has a market cap of $2.12 billion and a price-to-earnings ratio of 54.05.
GCP Applied Technologies (NYSE:GCP) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.44 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 EPS 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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