KeyBanc analyst Michael Sison reiterated a Buy rating on GCP Applied Technologies (NYSE: GCP) yesterday and set a price target of $30. The company’s shares closed yesterday at $25.50, close to its 52-week low of $23.85.
According to TipRanks.com, Sison is a 5-star analyst with an average return of 16.3% and a 69.0% success rate. Sison covers the Consumer Goods sector, focusing on stocks such as Axalta Coating Systems, Pq Group Holdings Inc, and Orion Engineered.
Currently, the analyst consensus on GCP Applied Technologies is a Moderate Buy with an average price target of $30.
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Based on GCP Applied Technologies’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $27.9 million. In comparison, last year the company had a GAAP net loss of $4.7 million.
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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 Specialty Construction Chemicals, and Specialty Building Materials segments.
