GMS (NYSE:GMS) received a $43.00 target price from research analysts at Barclays in a research report issued on Friday. The brokerage presently has a “buy” rating on the stock. Barclays’ price target suggests a potential upside of 11.49% from the stock’s current price.
Several other brokerages have also issued reports on GMS. Zacks Investment Research upgraded GMS from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Wednesday, November 1st. Royal Bank Of Canada boosted their price target on GMS from $34.00 to $39.00 and gave the company an “outperform” rating in a research note on Thursday, September 7th. SunTrust Banks restated a “buy” rating and set a $40.00 price target on shares of GMS in a research note on Friday, November 10th. ValuEngine lowered GMS from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Wells Fargo & Company began coverage on GMS in a research note on Wednesday, October 18th. They set a “market perform” rating and a $38.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. GMS has a consensus rating of “Buy” and an average price target of $39.00.
GMS (GMS) opened at $38.57 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 1.82. The company has a market capitalization of $1,592.82, a PE ratio of 21.81, a PEG ratio of 2.76 and a beta of 3.20. GMS has a 12 month low of $25.87 and a 12 month high of $39.98.
GMS (NYSE:GMS) last posted its quarterly earnings data on Thursday, December 7th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The business had revenue of $648.00 million during the quarter, compared to the consensus estimate of $662.03 million. GMS had a return on equity of 14.47% and a net margin of 2.26%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 earnings per share. research analysts predict that GMS will post 2.01 EPS for the current fiscal year.
In other news, CFO H Douglas Goforth sold 102,282 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $37.57, for a total value of $3,842,734.74. Following the sale, the chief financial officer now directly owns 82,563 shares in the company, valued at approximately $3,101,891.91. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lynn Ross sold 1,894 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $34.77, for a total value of $65,854.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 202,676 shares of company stock worth $7,488,934. Corporate insiders own 5.90% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in GMS. The Manufacturers Life Insurance Company grew its stake in shares of GMS by 1,659.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 827,403 shares of the company’s stock valued at $23,250,000 after purchasing an additional 780,368 shares during the period. Dimensional Fund Advisors LP bought a new stake in shares of GMS in the 3rd quarter valued at approximately $16,433,000. Davidson Kempner Capital Management LP acquired a new position in shares of GMS in the 3rd quarter worth approximately $15,930,000. Vanguard Group Inc. boosted its holdings in shares of GMS by 17.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,312,282 shares of the company’s stock worth $64,976,000 after acquiring an additional 339,051 shares in the last quarter. Finally, Koch Industries Inc. acquired a new position in shares of GMS in the 2nd quarter worth approximately $324,000. Institutional investors own 59.34% of the company’s stock.
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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.
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