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Buy, Sell Or Hold GCP Applied Technologies Inc. (NYSE:GCP) At $31.99?

In recent trading session, GCP Applied Technologies Inc. (NYSE:GCP) saw 1.76 million shares changing hands at last check today with its beta currently measuring 0.75. Company’s recent per share price level of $31.99 trading at $0.38 or 1.19% at last check today assigns it a market valuation of $2.34B. That most recent trading price of GCP’s stock is at a discount of -0.91% from its 52-week high price of $32.28 and is indicating a premium of 35.1% from its 52-week low price of $20.76. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.55 million shares which gives us an average trading volume of 570.78K if we extend that period to 3-months.

For GCP Applied Technologies Inc. (GCP), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.19 in the current quarter.

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GCP Applied Technologies Inc. (NYSE:GCP) trade information

Upright in the green today for gaining 1.19%, in the last five days GCP remained trading in the green while hitting it’s week-highest on Thursday, 09/22/22 when the stock touched $31.99 price level, adding 0.03% to its value on the day. GCP Applied Technologies Inc.’s shares saw a change of -0.16% in year-to-date performance and have moved 0.35% in past 5-day. GCP Applied Technologies Inc. (NYSE:GCP) showed a performance of -0.25% in past 30-days. Number of shares sold short was 6.02 million shares which calculate 12.61 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $32.00 to the stock, which implies a rise of 0.03% to its recent value today. Analysts have been projecting $32.00 as a low price target for the stock while placing it at a high target of $32.00. It follows that stock’s current price would drop -0.03% in reaching the projected high whereas dropping to the targeted low would mean a loss of -0.03% for stock’s current value.

GCP Applied Technologies Inc. (GCP) estimates and forecasts

Statistics highlight that GCP Applied Technologies Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 0.89% of value to its shares in past 6 months, showing an annual growth rate of -15.38% while that of industry is 11.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. This year revenue growth is estimated to rise 6.20% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $277.3 million for the same. And 1 analysts are in estimates of company making revenue of $270.5 million in the next quarter that will end on Dec 2022.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -5.60% during past 5 years.

GCP Dividends

GCP Applied Technologies Inc. is more likely to be releasing its next quarterly report between November 01 and November 07 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

GCP Applied Technologies Inc. (NYSE:GCP)’s Major holders

Insiders are in possession of 17.67% of company’s total shares while institution are holding 90.36 percent of that, with stock having share float percentage of 109.75%. Investors also watch the number of corporate investors in a company very closely, which is 90.36% institutions for GCP Applied Technologies Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at GCP for having 8.27 million shares of worth $264.59 million. And as of Jun 29, 2022, it was holding 11.18% of the company’s outstanding shares.

The second largest institutional holder is Starboard Value LP, which was holding about 6.54 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 8.84% of outstanding shares, having a total worth of $209.21 million.

On the other hand, iShares Core S&P Smallcap ETF and Managed Portfolio Series-Nuance Mid Cap Value Fd are the top two Mutual Funds which own company’s shares. As of Aug 30, 2022, the former fund manager was holding 4.01 million shares of worth $128.32 million or 5.42% of the total outstanding shares. The later fund manager was in possession of 3.45 million shares on Jul 30, 2022, making its stake of worth around $110.51 million in the company or a holder of 4.67% of company’s stock.

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