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

Zacks Investment Research upgraded shares of GCP Applied Technologies (NYSE:GCP) from a sell rating to a hold rating in a research report released on Wednesday, 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 raised shares of Zogenix from a buy rating to a strong-buy rating in a research note on Thursday, June 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. GCP Applied Technologies currently has a consensus rating of Hold and a consensus target price of $31.75.

Shares of NYSE GCP opened at $22.00 on Wednesday. The company has a current ratio of 2.64, a quick ratio of 2.12 and a debt-to-equity ratio of 0.74. The company has a market cap of $1.60 billion, a P/E ratio of 24.18, a P/E/G ratio of 1.15 and a beta of 0.72. GCP Applied Technologies has a 52 week low of $21.78 and a 52 week high of $31.74. The business has a 50-day moving average of $24.61.

GCP Applied Technologies (NYSE:GCP) last announced 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). GCP Applied Technologies had a net margin of 3.92% and a return on equity of 14.66%. The company had revenue of $226.10 million for the quarter, compared to the consensus estimate of $241.63 million. During the same quarter in the prior year, the company earned $0.01 earnings per share. The company’s quarterly revenue was down 9.6% on a year-over-year basis. On average, equities research analysts predict that GCP Applied Technologies will post 1.07 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Private Capital Group LLC grew its position in GCP Applied Technologies by 39.5% during the first quarter. Private Capital Group LLC now owns 1,511 shares of the construction company’s stock worth $45,000 after buying an additional 428 shares in the last quarter. Bank of New York Mellon Corp increased its stake in GCP Applied Technologies by 0.5% in the 4th quarter. Bank of New York Mellon Corp now owns 265,652 shares of the construction company’s stock worth $6,521,000 after acquiring an additional 1,290 shares during the last quarter. Legal & General Group Plc increased its stake in GCP Applied Technologies by 7.0% in the 4th quarter. Legal & General Group Plc now owns 26,799 shares of the construction company’s stock worth $658,000 after acquiring an additional 1,749 shares during the last quarter. MetLife Investment Advisors LLC raised its holdings in shares of GCP Applied Technologies by 6.2% in the 1st quarter. MetLife Investment Advisors LLC now owns 31,401 shares of the construction company’s stock valued at $929,000 after acquiring an additional 1,836 shares in the last quarter. Finally, Menta Capital LLC raised its holdings in shares of GCP Applied Technologies by 19.6% in the 1st quarter. Menta Capital LLC now owns 12,839 shares of the construction company’s stock valued at $380,000 after acquiring an additional 2,100 shares in the last quarter. 69.88% of the stock is currently owned by hedge funds and other institutional investors.

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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