Zacks Investment Research cut shares of GMS Inc (NYSE:GMS) from a buy rating to a hold rating in a report released on Friday.

According to Zacks, “GMS Inc. is a distributor of wallboard and suspended ceilings systems. The company’s product consists of wallboard, suspended ceilings systems or ceilings and complementary interior construction products in commercial and residential buildings. GMS Inc. is based in Tucker, United States. “

GMS has been the subject of a number of other research reports. Raymond James Financial Inc. began coverage on shares of GMS in a research report on Monday, June 20th. They issued an outperform rating and a $26.00 price objective for the company. Robert W. Baird reaffirmed a neutral rating and set a $25.00 price target on shares of GMS in a research report on Thursday, September 1st. Credit Suisse Group AG reaffirmed a buy rating on shares of GMS in a research report on Tuesday, June 28th. RBC Capital Markets reaffirmed an outperform rating and set a $26.00 price target (down previously from $28.00) on shares of GMS in a research report on Wednesday, September 14th. Finally, Stephens began coverage on shares of GMS in a research report on Monday, June 20th. They set an overweight rating for the company. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $26.00.

Shares of GMS (NYSE:GMS) opened at 22.03 on Friday. GMS has a 12-month low of $19.28 and a 12-month high of $26.42. The firm has a market cap of $901.95 million and a P/E ratio of 40.27. The firm has a 50-day moving average of $23.49 and a 200-day moving average of $23.29.

GMS (NYSE:GMS) last posted its quarterly earnings data on Tuesday, September 13th. The company reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. The firm earned $549.80 million during the quarter. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. On average, equities analysts forecast that GMS will post $1.77 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in GMS. Massachusetts Financial Services Co. MA acquired a new stake in GMS during the second quarter valued at about $16,736,000. American Century Companies Inc. acquired a new stake in GMS during the second quarter valued at about $13,442,000. Citadel Advisors LLC acquired a new stake in GMS during the second quarter valued at about $11,090,000. Emerald Mutual Fund Advisers Trust acquired a new stake in GMS during the second quarter valued at about $10,583,000. Finally, Lord Abbett & CO. LLC acquired a new stake in GMS during the second quarter valued at about $10,404,000.

About GMS

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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