Jefferies Reiterates a Buy Rating on GCP Applied TechnologiesBy Carrie Williams
In a report released yesterday, Laurence Alexander from Jefferies reiterated a Buy rating on GCP Applied Technologies (NYSE: GCP), with a price target of $33. The company’s shares closed yesterday at $27.40.
“Q3 was $0.35, $0.05 below consensus and $0.09 below our estimate.”
According to TipRanks.com, Alexander is a top 100 analyst with an average return of 12.3% and a 63.0% success rate. Alexander covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Axalta Coating Systems, and Koppers Holdings Inc.
GCP Applied Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $33.
The company has a one year high of $30.12 and a one year low of $14.47. Currently, GCP Applied Technologies has an average volume of 395.3K.
GCP Applied Technologies, Inc. engages in the provision of products and technology solutions for customers in the specialty construction chemicals, specialty building materials, and packaging sealants and coatings industries. It operates through the following segments: Specialty Construction Chemicals (SCC), Specialty Building Materials (SBM), and Darex Packaging Technologies (Darex). The Specialty Construction Chemicals segment provides products, technologies, and services that reduce the cost and improve the performance of cement, concrete, mortar, masonry, and other cement based construction materials. The Specialty Building Materials segment produces and sells sheet and liquid membrane systems and other products that protect both new and existing structures from water, air, vapor penetration, and fire damage. The Darex Packaging Technologies segment involves the production and selling of sealants and coatings for consumer and industrial applications to protect the integrity of packaged products. The company was founded on February 5, 2015 and is headquartered in Cambridge, MA.