Today GCP Applied Technologies Inc. (GCP) Stock Reaches 52-Week High

January 22, 2018 - By Dolores Ford

The stock of GCP Applied Technologies Inc. (NYSE:GCP) hit a new 52-week high and has $36.01 target or 6.00 % above today’s $33.97 share price. The 6 months bullish chart indicates low risk for the $2.43 billion company. The 1-year high was reported on Jan, 22 by Barchart.com. If the $36.01 price target is reached, the company will be worth $146.04M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 1.09% or $0.38 during the last trading session, reaching $33.97. About 232,722 shares traded. GCP Applied Technologies Inc. (NYSE:GCP) has 0.00% since January 22, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await GCP Applied Technologies Inc. (NYSE:GCP) to report earnings on March, 1. They expect $0.23 earnings per share, down 20.69 % or $0.06 from last year’s $0.29 per share. GCP’s profit will be $16.48M for 36.92 P/E if the $0.23 EPS becomes a reality. After $0.22 actual earnings per share reported by GCP Applied Technologies Inc. for the previous quarter, Wall Street now forecasts 4.55 % EPS growth.

GCP Applied Technologies Inc. (NYSE:GCP) Ratings Coverage

Among 6 analysts covering GCP Applied Tech. (NYSE:GCP), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. GCP Applied Tech. has $37 highest and $19 lowest target. $27.50’s average target is -19.05% below currents $33.97 stock price. GCP Applied Tech. had 8 analyst reports since February 4, 2016 according to SRatingsIntel. The rating was initiated by KeyBanc Capital Markets with “Sector Weight” on Monday, May 16. The company was initiated on Thursday, February 4 by Jefferies. The rating was initiated by Northcoast with “Buy” on Wednesday, June 29. As per Friday, March 3, the company rating was upgraded by Monness Crespi. The company was initiated on Thursday, February 4 by Monness Crespi. Seaport Global initiated the stock with “Buy” rating in Friday, January 20 report. The stock has “Overweight” rating by KeyBanc Capital Markets on Friday, June 23. Goldman Sachs initiated the shares of GCP in report on Monday, February 8 with “Neutral” rating.

More notable recent GCP Applied Technologies Inc. (NYSE:GCP) news were published by: Globenewswire.com which released: “GCP Applied Technologies Revises 2017 Outlook” on October 12, 2017, also Prnewswire.com with their article: “What’s Happening With These Specialty Chemicals Stocks? — GCP Applied …” published on January 11, 2018, Seekingalpha.com published: “GCP Applied Technologies’ (GCP) CEO Gregory Poling on Q3 2017 Results …” on November 04, 2017. More interesting news about GCP Applied Technologies Inc. (NYSE:GCP) were released by: Globenewswire.com and their article: “GCP Applied Technologies Acquires Ductilcrete Technologies” published on October 31, 2017 as well as Globenewswire.com‘s news article titled: “GCP Applied Technologies Announces Price Increase” with publication date: August 03, 2017.

GCP Applied Technologies Inc. produces and sells specialty construction chemicals, specialty building materials, and packaging sealants and coatings worldwide. The company has market cap of $2.43 billion. The Company’s Specialty Construction Chemicals segment offers concrete admixtures under the ADVA, STRUX, MIRA, POLARSET, ECLIPSE, DARACEM, DARASET, DCI, RECOVER, WRDA, and ZYLA brands; admixtures for decorative concrete under the PIERI brand; concrete production management system under the VERIFI brand; and cement additives under the CBA, SYNCHRO, HEA2, TDA, and ESE brands. It has a 3.77 P/E ratio. The company??s Specialty Building Materials segment provides building envelope products to protect structures from water, and manages air and vapor transmission through building walls under the BITUTHENE, PREPRUFE, ADPRUFE, HYDRODUCT, ADCOR, SILCOR, and PERM-A-BARRIER brands; and residential building products comprising roofing underlayments, flashings, and weather barriers under the ICE & WATER SHIELD, TRI-FLEX, and VYCOR brands.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.