GCP Applied Technologies (NYSE:GCP) updated its FY19 earnings guidance on Wednesday. The company provided EPS guidance of $1.03-1.14 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.10.
Separately, Zacks Investment Research raised shares of GCP Applied Technologies from a sell rating to a hold rating in a research report on Friday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $31.75.
Shares of GCP Applied Technologies stock opened at $26.16 on Friday. The firm has a market capitalization of $1.84 billion, a P/E ratio of 26.14, a PEG ratio of 1.32 and a beta of 0.91. The company has a quick ratio of 2.12, a current ratio of 2.64 and a debt-to-equity ratio of 0.74. GCP Applied Technologies has a fifty-two week low of $22.49 and a fifty-two week high of $32.70.
In related news, major shareholder Dalbergia Investments Llc acquired 6,990,798 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was acquired at an average price of $28.95 per share, with a total value of $202,383,602.10. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.57% of the stock is owned by corporate insiders.
About GCP Applied Technologies
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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