GCP Applied Technologies (NYSE:GCP) Raised to “Hold” at 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 note issued to investors 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 upgraded shares of Zogenix from a buy rating to a strong-buy rating in a report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $31.75.

NYSE GCP opened at $22.00 on Wednesday. The company has a fifty day simple moving average of $24.61. GCP Applied Technologies has a 12-month low of $21.78 and a 12-month high of $31.74. 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 firm 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 (NYSE:GCP) last released its quarterly earnings data 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 return on equity of 14.66% and a net margin of 3.92%. The business had revenue of $226.10 million for the quarter, compared to analyst estimates of $241.63 million. During the same quarter in the previous year, the company posted $0.01 EPS. The business’s quarterly revenue was down 9.6% on a year-over-year basis. As a group, sell-side analysts anticipate that GCP Applied Technologies will post 1.07 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Private Capital Group LLC grew its stake in shares of GCP Applied Technologies by 39.5% in the 1st 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 in the last quarter. Bank of New York Mellon Corp boosted its holdings in GCP Applied Technologies by 0.5% during the fourth quarter. Bank of New York Mellon Corp now owns 265,652 shares of the construction company’s stock worth $6,521,000 after purchasing an additional 1,290 shares during the last quarter. Legal & General Group Plc boosted its holdings in GCP Applied Technologies by 7.0% during the fourth quarter. Legal & General Group Plc now owns 26,799 shares of the construction company’s stock worth $658,000 after purchasing an additional 1,749 shares during the last quarter. MetLife Investment Advisors LLC boosted 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 worth $929,000 after purchasing an additional 1,836 shares during the last quarter. Finally, Menta Capital LLC grew its position in GCP Applied Technologies by 19.6% in the 1st quarter. Menta Capital LLC now owns 12,839 shares of the construction company’s stock worth $380,000 after purchasing an additional 2,100 shares in the last quarter. Institutional investors and hedge funds 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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