GMS Inc (NYSE:GMS) traded down 4.2% on Wednesday . The stock traded as low as $23.57 and last traded at $23.90, with a volume of 57,301 shares traded. The stock had previously closed at $24.95.

GMS has been the topic of several recent analyst reports. Robert W. Baird reaffirmed a “neutral” rating and issued a $25.00 price target on shares of GMS in a research report on Thursday. Royal Bank Of Canada lifted their price target on GMS from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 13th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of GMS in a research report on Tuesday, June 28th. Stephens initiated coverage on GMS in a research report on Monday, June 20th. They issued an “overweight” rating on the stock. Finally, SunTrust Banks Inc. initiated coverage on GMS in a research report on Monday, June 20th. They issued a “buy” rating and a $28.00 price target on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $26.60.

The stock has a market cap of $1.01 billion and a price-to-earnings ratio of 64.74. The stock’s 50 day moving average price is $24.31 and its 200-day moving average price is $23.37.

GMS (NYSE:GMS) last posted its quarterly earnings data on Tuesday, July 12th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.17. The firm 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. On average, equities analysts predict that GMS Inc will post $1.73 EPS for the current 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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