Jefferies lifts GCP Applied Technologies Inc. [GCP] price estimate. Who else is bullish?
GCP Applied Technologies Inc. [NYSE: GCP] It gained 1.20% or 0.38 points to close at $31.99 with a heavy trading volume of 4,555,856 shares. Company report on August 5, 2022 that GCP Applied Technologies announces its financial and operating results for the second quarter of 2022.
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GCP Applied Technologies Inc. (NYSE: GCP) (GCP or Company), the leading global provider of construction products, today announced preliminary financial and operating results for the second quarter of 2022.
The trading session opened at $31.99, shares rose to $31,995 and fell to $31,975, the range in which the share price has traded all day. GCP’s daily chart indicates that the company posted a 1.85% gain over the past six months. However, it is still -54.09% lower than the most recent trading low.
If we look at the average trading volume of 570.78 thousand shares, GCP reached a volume of 4555856 on the last trading day, which is why market watchers consider the stock to be active.
Here’s what top stock market experts are saying about GCP Applied Technologies Inc. [GCP]:
Based on careful and fact-backed analysis by Wall Street experts, the current consensus on a target price for GCP shares is $32.00 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus for GCP stock is a set recommendation at 3.00. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
Jefferies made an appreciation for the shares of GCP Applied Technologies Inc. , retaining their opinion of the stock as Hold, with their previous recommendation back on March 23, 2020. While these analysts held the previous recommendation, CL King raised its target price to Neutral. The new note to price target was released on December 13, 2018, which is the official target price for GCP Applied Technologies Inc.’s stock.
The Average True Range (ATR) is set by GCP Applied Technologies Inc. at 0.15, with a price-to-sales ratio for GCP stock in the past 12-month period of 2.37. The price-to-book ratio for the fourth quarter was 3.68, with the price-to-cash ratio for the stock in the same quarter set at 6.20.
GCP stock trading performance analysis
GCP Applied Technologies Inc. [GCP] A gain in the green at the end of last week, a gain in a positive trend and a gain of 1.68. With this latest performance, GCP shares are up 1.65% over the past four-week period, as well as up 1.85% over the past six months — not to mention a 45.21% rise in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for GCP stock in the last two week period is set at 69.84, with the RSI for the last one traded at 77.72, and the three-week RSI is set at 64.76 for GCP Applied Technologies Inc. [GCP]. The current moving average for the last 50 trading days for this stock is 31.59 while it recorded at 31.60 for the last trading week, and 31.51 for the last 200 days.
GCP Applied Technologies Inc. [GCP]A deeper look at fundamental analysis
Operating margin for any stock indicates how profitable the investment is, and GCP Applied Technologies Inc. [GCP] The stock currently has an operating margin of +7.37 and a gross margin of +35.45. The net profit margin of GCP Applied Technologies Inc. Currently at +2.22.
The return on equity for this stock rose to 3.26, with the return on assets remaining at 1.50.
The liquidity data of GCP Applied Technologies Inc. Interesting too, with the quick ratio at 3.20 and the current ratio at 3.90.
Internal Ownership Analysis at GCP Applied Technologies Inc. [GCP]
There are currently approximately $2,091 million, or 90.30% of GCP’s stock, in the hands of institutional investors. The three largest shareholders of GCP are: BLACKROCK INC. With 8,271,059 ownership, which represents approximately -8.615% of the company’s market capitalization and approximately 17.66% of the total institutional ownership; STARBOARD VALUE LP, owns 6,540,000 shares of stock with an approximate value of $209.22 million in GCP stock; and NUANCE INVESTMENTS, LLC, with $209.17 million in GCP stock with ownership of approximately 0.528% of the company’s market capitalization.
Positions increased in the shares of GCP Applied Technologies Inc. held by institutional investors at the end of August and at the time of the report in August, as 91 institutional owners consolidated their positions in GCP Applied Technologies Inc. [NYSE:GCP] About 10,706,613 shares. In addition, the number of traders in 91 investors decreased by about 8,386,635 shares, while 39 investors held positions with 46,276,147 shares. The said changes put institutional holdings at 6,536,395 shares, according to the latest report from the Securities and Exchange Commission. GCP had 44 new institutional investments totaling 7,045,538 shares, while 17 institutional investors sold deals totaling 480,695 shares during the same period.