GMS (GMS) Given a $43.00 Price Target at Barclays

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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About GMS

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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