GCP Applied Technologies Inc. (GCP) Reaches New 1-Year High at $28.18
Shares of GCP Applied Technologies Inc. (NYSE:GCP) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $28.18 and last traded at $28.16, with a volume of 195,662 shares trading hands. The stock had previously closed at $27.53.
A number of analysts have issued reports on GCP shares. Northcoast Research started coverage on shares of GCP Applied Technologies in a report on Wednesday, June 29th. They issued a “buy” rating on the stock. CL King initiated coverage on shares of GCP Applied Technologies in a report on Wednesday, June 29th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded shares of GCP Applied Technologies from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Wednesday, May 4th. Finally, KeyCorp initiated coverage on shares of GCP Applied Technologies in a report on Monday, May 16th. They issued a “sector weight” rating on the stock. Three equities 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 an average price target of $22.00.
The firm has a market cap of $2.01 billion and a PE ratio of 54.74. The firm has a 50 day moving average price of $26.36 and a 200-day moving average price of $22.41.
GCP Applied Technologies (NYSE:GCP) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.12. Analysts anticipate 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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