Zacks Investment Research Upgrades GCP Applied Technologies (NYSE:GCP) to “Hold”

Zacks Investment Research upgraded shares of GCP Applied Technologies (NYSE:GCP) from a sell rating to a hold rating in a report released on Thursday morning, Zacks.com reports.

According to Zacks, “GCP Applied Technologies Inc. offer specialty construction chemicals and building materials as well as packaging technologies. GCP Applied Technologies Inc. is headquatered Cambridge, Massachusetts. “

GCP stock opened at $27.34 on Thursday. GCP Applied Technologies has a 12 month low of $22.49 and a 12 month high of $31.74. The company has a market cap of $1.97 billion, a P/E ratio of 30.04, a price-to-earnings-growth ratio of 1.41 and a beta of 0.97. The company has a quick ratio of 2.12, a current ratio of 2.64 and a debt-to-equity ratio of 0.74.

GCP Applied Technologies (NYSE:GCP) last issued its quarterly earnings results on Wednesday, May 8th. The construction company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). The firm had revenue of $226.10 million during the quarter, compared to analysts’ expectations of $241.63 million. GCP Applied Technologies had a net margin of 3.92% and a return on equity of 14.66%. The firm’s revenue was down 9.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.01 EPS. Equities analysts predict that GCP Applied Technologies will post 1.07 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of GCP. Whitener Capital Management Inc. lifted its holdings in shares of GCP Applied Technologies by 193.0% in the fourth quarter. Whitener Capital Management Inc. now owns 1,670 shares of the construction company’s stock worth $40,000 after acquiring an additional 1,100 shares during the last quarter. Private Capital Group LLC lifted its holdings in shares of GCP Applied Technologies by 39.5% in the first quarter. Private Capital Group LLC now owns 1,511 shares of the construction company’s stock worth $45,000 after acquiring an additional 428 shares during the last quarter. Marshall Wace LLP bought a new position in shares of GCP Applied Technologies in the first quarter worth about $88,000. Bank of Montreal Can lifted its holdings in shares of GCP Applied Technologies by 15.5% in the fourth quarter. Bank of Montreal Can now owns 3,617 shares of the construction company’s stock worth $89,000 after acquiring an additional 485 shares during the last quarter. Finally, NumerixS Investment Technologies Inc bought a new position in GCP Applied Technologies in the 1st quarter valued at approximately $94,000. Institutional investors and hedge funds own 69.91% of the company’s stock.

GCP Applied Technologies Company Profile

GCP Applied Technologies Inc produces and sells specialty construction chemicals and specialty building materials worldwide. Its Specialty Construction Chemicals segment offers concrete admixtures under the CONCERA, CLARENA, ADVA, STRUX, MIRA, TYTRO, POLARSET, ECLIPSE, DARACEM, DARASET, DCI, RECOVER, WRDA, and ZYLA brands; admixtures for decorative concrete under the PIERI brand; concrete production management and engineered systems under the VERIFI and DUCTILCRETE brands; and cement additives under the OPTEVA HE, TAVERO VM, CBA, SYNCHRO, HEA2, TDA, and ESE brands.

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