GMS Inc (NYSE:GMS) was up 3.2% during mid-day trading on Tuesday . The company traded as high as $25.24 and last traded at $24.95, with a volume of 56,298 shares changing hands. The stock had previously closed at $24.17.

A number of equities research analysts have issued reports on GMS shares. Royal Bank Of Canada started coverage on shares of GMS in a research note on Monday, June 20th. They set an “outperform” rating and a $27.00 target price for the company. Stephens assumed coverage on shares of GMS in a report on Monday, June 20th. They set an “overweight” rating on the stock. SunTrust Banks Inc. assumed coverage on shares of GMS in a report on Monday, June 20th. They set a “buy” rating and a $28.00 price target on the stock. Credit Suisse Group AG assumed coverage on shares of GMS in a report on Monday, June 20th. They set an “outperform” rating and a $26.00 price target on the stock. Finally, Raymond James Financial Inc. assumed coverage on shares of GMS in a report on Monday, June 20th. They set an “outperform” rating and a $26.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. GMS has a consensus rating of “Buy” and an average price target of $26.60.

The stock has a market cap of $1.02 billion and a PE ratio of 65.66. The company has a 50-day moving average of $24.33 and a 200 day moving average of $23.33.

GMS (NYSE:GMS) last posted its quarterly earnings results on Tuesday, July 12th. The company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.17. The business had revenue of $527.20 million for the quarter. The firm’s quarterly revenue was up 30.3% compared to the same quarter last year. Analysts expect that GMS Inc will post $1.73 earnings per share for the current fiscal year.

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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