GMS Inc (NYSE:GMS)’s share price fell 1% during mid-day trading on Monday . The stock traded as low as $23.44 and last traded at $23.61, with a volume of 64,047 shares changing hands. The stock had previously closed at $23.86.

Several equities analysts have weighed in on the company. Credit Suisse Group AG reissued a “buy” rating on shares of GMS in a research note on Tuesday, June 28th. Robert W. Baird assumed coverage on GMS in a research note on Monday, June 20th. They issued a “neutral” rating and a $25.00 target price on the stock. Raymond James Financial Inc. assumed coverage on GMS in a research note on Monday, June 20th. They issued an “outperform” rating and a $26.00 target price on the stock. Royal Bank Of Canada increased their target price on GMS from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, July 13th. Finally, SunTrust Banks Inc. assumed coverage on GMS in a research note on Monday, June 20th. They issued a “buy” rating and a $28.00 target price on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. GMS has an average rating of “Buy” and an average target price of $26.60.

The firm has a market capitalization of $924.88 million and a P/E ratio of 59.45. The stock has a 50 day moving average of $0.00 and a 200 day moving average of $0.00.

GMS (NYSE:GMS) last issued its quarterly earnings results on Tuesday, July 12th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.17. The business earned $527.20 million during the quarter. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. Analysts predict that GMS Inc will post $1.73 EPS for the current fiscal year.

In other news, VP Craig D. Apolinsky acquired 4,700 shares of GMS stock in a transaction that occurred on Wednesday, June 1st. The shares were acquired at an average price of $21.00 per share, for a total transaction of $98,700.00. Following the transaction, the vice president now directly owns 4,700 shares of the company’s stock, valued at approximately $98,700. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Theron I. Gilliam acquired 10,000 shares of GMS stock in a transaction that occurred on Wednesday, June 1st. The shares were purchased at an average price of $21.00 per share, for a total transaction of $210,000.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $210,000. The disclosure for this purchase can be found here.

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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