GMS Inc (GMS) Given Buy Rating at Royal Bank Of Canada

GMS Inc (NYSE:GMS)‘s stock had its “buy” rating reiterated by investment analysts at Royal Bank Of Canada in a research report issued on Tuesday. They currently have a $39.00 target price on the stock. Royal Bank Of Canada’s target price points to a potential upside of 10.17% from the stock’s previous close.

GMS has been the topic of several other research reports. Zacks Investment Research cut GMS from a “hold” rating to a “sell” rating in a report on Monday, July 3rd. Stephens dropped their price target on GMS from $40.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, July 3rd. Northcoast Research raised GMS from a “neutral” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Monday, July 3rd. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $37.00 price target on shares of GMS in a report on Monday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $36.60.

Shares of GMS (NYSE GMS) opened at 35.40 on Tuesday. GMS has a one year low of $20.51 and a one year high of $36.08. The firm has a market cap of $1.45 billion, a PE ratio of 27.11 and a beta of 3.39. The firm’s 50-day moving average price is $34.73 and its 200-day moving average price is $34.73.

GMS (NYSE:GMS) last posted its quarterly earnings results on Wednesday, September 6th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. The company had revenue of $642.20 million for the quarter, compared to analysts’ expectations of $645.19 million. GMS had a return on equity of 11.78% and a net margin of 2.39%. The firm’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 earnings per share. Equities research analysts expect that GMS will post $2.01 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/10/gms-inc-gms-given-buy-rating-at-royal-bank-of-canada.html.

In other GMS news, CEO G Michael Callahan, Jr. sold 12,500 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $34.73, for a total transaction of $434,125.00. Following the sale, the chief executive officer now directly owns 528,418 shares of the company’s stock, valued at approximately $18,351,957.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lynn Ross sold 1,894 shares of the business’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $34.77, for a total transaction of $65,854.38. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. USA Financial Portformulas Corp acquired a new stake in GMS during the 2nd quarter valued at $926,000. Farmers National Bank acquired a new stake in GMS during the 2nd quarter valued at $542,000. Dynamic Technology Lab Private Ltd acquired a new stake in GMS during the 2nd quarter valued at $609,000. Koch Industries Inc. acquired a new stake in GMS during the 2nd quarter valued at $324,000. Finally, Verition

GMS has been the topic of several other research reports. Zacks Investment Research cut GMS from a “hold” rating to a “sell” rating in a report on Monday, July 3rd. Stephens dropped their price target on GMS from $40.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, July 3rd. Northcoast Research raised GMS from a “neutral” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Monday, July 3rd. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $37.00 price target on shares of GMS in a report on Monday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $36.60.

Shares of GMS (NYSE GMS) opened at 35.40 on Tuesday. GMS has a one year low of $20.51 and a one year high of $36.08. The firm has a market cap of $1.45 billion, a PE ratio of 27.11 and a beta of 3.39. The firm’s 50-day moving average price is $34.73 and its 200-day moving average price is $34.73.

GMS (NYSE:GMS) last posted its quarterly earnings results on Wednesday, September 6th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. The company had revenue of $642.20 million for the quarter, compared to analysts’ expectations of $645.19 million. GMS had a return on equity of 11.78% and a net margin of 2.39%. The firm’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 earnings per share. Equities research analysts expect that GMS will post $2.01 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/10/gms-inc-gms-given-buy-rating-at-royal-bank-of-canada.html.

In other GMS news, CEO G Michael Callahan, Jr. sold 12,500 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $34.73, for a total transaction of $434,125.00. Following the sale, the chief executive officer now directly owns 528,418 shares of the company’s stock, valued at approximately $18,351,957.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lynn Ross sold 1,894 shares of the business’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $34.77, for a total transaction of $65,854.38. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. USA Financial Portformulas Corp acquired a new stake in GMS during the 2nd quarter valued at $926,000. Farmers National Bank acquired a new stake in GMS during the 2nd quarter valued at $542,000. Dynamic Technology Lab Private Ltd acquired a new stake in GMS during the 2nd quarter valued at $609,000. Koch Industries Inc. acquired a new stake in GMS during the 2nd quarter valued at $324,000. Finally, Verition Fund Management LLC acquired a new stake in GMS during the 2nd quarter valued at $412,000. 55.51% of the stock is currently owned by institutional investors.

GMS Company Profile

GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.

Analyst Recommendations for GMS (NYSE:GMS)

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