What’s in GCP Applied Technologies Inc. (GCP) After Making 52-Week High?

January 22, 2018 - By Clifton Ray

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 EPS, 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 EPS 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 stock of GCP Applied Technologies Inc. (NYSE:GCP) has “Buy” rating given on Friday, January 20 by Seaport Global. The firm has “Buy” rating by Jefferies given on Thursday, February 4. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Monday, May 16. Goldman Sachs initiated GCP Applied Technologies Inc. (NYSE:GCP) on Monday, February 8 with “Neutral” rating. KeyBanc Capital Markets upgraded GCP Applied Technologies Inc. (NYSE:GCP) on Friday, June 23 to “Overweight” rating. The firm earned “Buy” rating on Wednesday, June 29 by Northcoast. The stock of GCP Applied Technologies Inc. (NYSE:GCP) has “Neutral” rating given on Thursday, February 4 by Monness Crespi. Monness Crespi upgraded GCP Applied Technologies Inc. (NYSE:GCP) on Friday, March 3 to “Buy” rating.

More notable recent GCP Applied Technologies Inc. (NYSE:GCP) news were published by: Globenewswire.com which released: “GCP Applied Technologies Acquires Ductilcrete Technologies” on October 31, 2017, also Globenewswire.com with their article: “GCP Applied Technologies Revises 2017 Outlook” published on October 12, 2017, Globenewswire.com published: “GCP Applied Technologies Announces Price Increase” on August 03, 2017. More interesting news about GCP Applied Technologies Inc. (NYSE:GCP) were released by: Seekingalpha.com and their article: “GCP Applied Technologies’ (GCP) CEO Greg Poling on Q2 2017 Results – Earnings …” published on August 03, 2017 as well as Prnewswire.com‘s news article titled: “What’s Happening With These Specialty Chemicals Stocks? — GCP Applied …” with publication date: January 11, 2018.

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.

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