Analysts Set GMS Inc (NYSE:GMS) Target Price at $26.00

Shares of GMS Inc (NYSE:GMS) have received a consensus recommendation of “Hold” from the eleven analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $26.00.

A number of research firms recently issued reports on GMS. Nomura increased their target price on GMS from $17.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Zacks Investment Research cut GMS from a “buy” rating to a “hold” rating in a research note on Thursday, September 10th. Nomura Instinet increased their target price on GMS from $17.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Raymond James increased their target price on GMS from $28.00 to $30.00 and gave the stock a “strong-buy” rating in a research note on Friday, September 4th. Finally, ValuEngine raised GMS from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 1st.

GMS stock opened at $23.39 on Friday. The company has a current ratio of 2.39, a quick ratio of 1.61 and a debt-to-equity ratio of 1.46. GMS has a 1 year low of $10.39 and a 1 year high of $32.42. The company has a market cap of $999.60 million, a PE ratio of 40.33 and a beta of 1.94. The company’s 50-day moving average is $25.25 and its two-hundred day moving average is $20.95.

GMS (NYSE:GMS) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.13. The company had revenue of $802.60 million during the quarter, compared to analysts’ expectations of $816.40 million. GMS had a return on equity of 19.01% and a net margin of 0.81%. GMS’s revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 EPS. Research analysts forecast that GMS will post 2.93 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. acquired a new stake in shares of GMS in the 2nd quarter valued at approximately $1,414,000. First Trust Advisors LP boosted its holdings in shares of GMS by 31.9% in the 1st quarter. First Trust Advisors LP now owns 76,465 shares of the company’s stock valued at $1,203,000 after buying an additional 18,505 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in GMS by 125.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 72,383 shares of the company’s stock valued at $1,775,000 after purchasing an additional 40,308 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in GMS by 452.6% during the 2nd quarter. Victory Capital Management Inc. now owns 569,304 shares of the company’s stock valued at $13,999,000 after purchasing an additional 466,280 shares during the last quarter. Finally, FMR LLC increased its position in GMS by 233.2% during the 2nd quarter. FMR LLC now owns 1,982,480 shares of the company’s stock worth $48,749,000 after buying an additional 1,387,487 shares during the period. 93.88% of the stock is owned by institutional investors.

GMS Company Profile

GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.

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Analyst Recommendations for GMS (NYSE:GMS)

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