Somewhat Positive News Coverage Somewhat Unlikely to Impact GCP Applied Technologies (GCP) Share Price
Media coverage about GCP Applied Technologies (NYSE:GCP) has trended somewhat positive on Wednesday, Accern reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. GCP Applied Technologies earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 46.5837251680977 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
- Critical Comparison: GCP Applied Technologies (GCP) and Cemex S.A.B. de C.V. (CX) (americanbankingnews.com)
- GCP Applied Technologies : Introduces New Cement Additives (4-traders.com)
- GCP Applied Technologies Inc. (GCP) to Post FY2017 Earnings of $0.63 Per Share, Seaport Global Securities Forecasts (americanbankingnews.com)
- GCP Applied Technologies : Make the most of outdoor space (4-traders.com)
- GCP Applied Technologies Introduces New Cement Additives (finance.yahoo.com)
Several research analysts have recently weighed in on GCP shares. Cowen and Company started coverage on GCP Applied Technologies in a research note on Monday, October 30th. They set a “market perform” rating and a $31.00 target price for the company. Zacks Investment Research raised GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Finally, KeyCorp reaffirmed a “buy” rating and set a $34.00 target price on shares of GCP Applied Technologies in a research note on Friday, November 3rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $34.33.
GCP Applied Technologies (NYSE GCP) traded up $0.05 during midday trading on Wednesday, reaching $29.80. The company had a trading volume of 322,900 shares, compared to its average volume of 468,181. GCP Applied Technologies has a 1 year low of $25.25 and a 1 year high of $34.22. The company has a current ratio of 2.52, a quick ratio of 2.28 and a debt-to-equity ratio of 0.91. The firm has a market cap of $2,131.17, a P/E ratio of 43.75 and a beta of 0.88.
GCP Applied Technologies (NYSE:GCP) last posted its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03. GCP Applied Technologies had a return on equity of 124.93% and a net margin of 56.84%. The firm had revenue of $282.40 million during the quarter, compared to the consensus estimate of $279.05 million. During the same period in the prior year, the company earned $0.21 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. research analysts predict that GCP Applied Technologies will post 0.63 EPS for the current fiscal year.
In other news, Director Phillip J. Mason acquired 3,000 shares of GCP Applied Technologies stock in a transaction that occurred on Monday, November 6th. The stock was purchased at an average cost of $29.96 per share, with a total value of $89,880.00. Following the purchase, the director now owns 7,428 shares in the company, valued at $222,542.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.65% of the stock is currently owned by corporate insiders.
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GCP Applied Technologies Company Profile
GCP Applied Technologies Inc produces and sells specialty construction chemicals, specialty building materials, and packaging sealants and coatings. The Company operates through two segments: Specialty Construction Chemicals and Specialty Building Materials. The Specialty Construction Chemicals segment manufactures and markets products to manage performance of Portland cement, and materials based on Portland cement, such as concrete admixtures and cement additives, as well as concrete production management systems.
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