Zacks Investment Research upgraded shares of GCP Applied Technologies (NYSE:GCP) from a sell rating to a hold rating in a report published on Wednesday 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. “
Separately, ValuEngine upgraded shares of Zogenix from a buy rating to a strong-buy rating in a research note on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. GCP Applied Technologies has a consensus rating of Hold and an average target price of $31.75.
Shares of GCP Applied Technologies stock opened at $22.00 on Wednesday. The stock’s fifty day simple moving average is $24.61. The stock has a market cap of $1.60 billion, a PE ratio of 24.18, a PEG ratio of 1.15 and a beta of 0.72. GCP Applied Technologies has a 1-year low of $21.78 and a 1-year high of $31.74. 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 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). The business had revenue of $226.10 million for the quarter, compared to analysts’ expectations of $241.63 million. GCP Applied Technologies had a return on equity of 14.66% and a net margin of 3.92%. The company’s revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.01 EPS. On average, equities research analysts expect that GCP Applied Technologies will post 1.07 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. MetLife Investment Advisors LLC lifted its holdings in GCP Applied Technologies by 6.2% during the first quarter. MetLife Investment Advisors LLC now owns 31,401 shares of the construction company’s stock valued at $929,000 after purchasing an additional 1,836 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of GCP Applied Technologies in the first quarter valued at about $336,000. Marshall Wace LLP acquired a new stake in shares of GCP Applied Technologies in the first quarter valued at about $88,000. Private Advisors LLC raised its position in shares of GCP Applied Technologies by 37.5% in the first quarter. Private Advisors LLC now owns 28,267 shares of the construction company’s stock valued at $837,000 after buying an additional 7,707 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of GCP Applied Technologies in the first quarter valued at about $128,000. Hedge funds and other institutional investors own 69.88% 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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