Shares of GMS Inc (NYSE:GMS) have received a consensus rating of “Buy” from the eight ratings firms that are presently covering the company. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $26.20.
A number of analysts recently commented on GMS shares. Credit Suisse Group AG started coverage on GMS in a research report on Monday, June 20th. They set an “outperform” rating and a $26.00 price objective for the company. Royal Bank Of Canada assumed coverage on GMS in a research report on Monday, June 20th. They set an “outperform” rating and a $27.00 price objective for the company. Zacks Investment Research lowered GMS from a “buy” rating to a “hold” rating in a research note on Friday, September 16th. SunTrust Banks Inc. assumed coverage on GMS in a research note on Monday, June 20th. They issued a “buy” rating and a $28.00 price target on the stock. Finally, Stephens assumed coverage on GMS in a research note on Monday, June 20th. They issued an “overweight” rating on the stock.
Shares of GMS (NYSE:GMS) traded down 0.88% during mid-day trading on Thursday, reaching $22.54. 82,243 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $23.30 and a 200 day moving average price of $23.25. GMS has a 52 week low of $19.28 and a 52 week high of $26.42. The stock has a market cap of $922.83 million and a price-to-earnings ratio of 41.21.
GMS (NYSE:GMS) last posted its quarterly earnings data on Tuesday, September 13th. The company reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. The company had revenue of $549.80 million for the quarter. GMS’s revenue was up 21.5% on a year-over-year basis. Equities research analysts predict that GMS will post $1.77 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors purchased a new position in GMS during the second quarter valued at $102,000. Nomura Holdings Inc. purchased a new position in GMS during the second quarter valued at $249,000. Schwab Charles Investment Management Inc. purchased a new position in GMS during the second quarter valued at $256,000. Bank of New York Mellon Corp purchased a new position in GMS during the second quarter valued at $304,000. Finally, California State Teachers Retirement System purchased a new position in GMS during the second quarter valued at $332,000.
GMS Company Profile
GMS Inc is a distributor of wallboard and suspended ceilings systems. The Company’s seven segments include Central, Northeast, Southern, Southeast, Southwest and Western, Tool Source Warehouse, Inc and other. It offers wallboard, which is used in building products for interior and exterior walls, and ceilings in residential and commercial structures.
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