Shares of GMS Inc. (NYSE:GMS) have been assigned an average recommendation of “Buy” from the eight research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $36.40.

A number of analysts have weighed in on the company. ValuEngine raised GMS from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Royal Bank Of Canada increased their price objective on GMS from $34.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, September 7th. Zacks Investment Research raised GMS from a “sell” rating to a “hold” rating in a report on Monday, September 4th. Stephens reduced their price target on GMS from $40.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, July 3rd. Finally, Northcoast Research raised GMS from a “neutral” rating to a “buy” rating and set a $34.00 price target for the company in a report on Monday, July 3rd.

Several institutional investors and hedge funds have recently bought and sold shares of the company. USA Financial Portformulas Corp acquired a new stake in shares of GMS in the 2nd quarter valued at approximately $926,000. Farmers National Bank acquired a new stake in shares of GMS in the 2nd quarter valued at approximately $542,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of GMS in the 2nd quarter valued at approximately $609,000. Koch Industries Inc. acquired a new stake in shares of GMS in the 2nd quarter valued at approximately $324,000. Finally, Verition Fund Management LLC acquired a new stake in shares of GMS in the 2nd quarter valued at approximately $412,000. 55.51% of the stock is owned by institutional investors and hedge funds.

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GMS (NYSE:GMS) traded down 2.30% during midday trading on Friday, reaching $33.53. The company’s stock had a trading volume of 330,817 shares. GMS has a 52-week low of $20.51 and a 52-week high of $34.55. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 25.67 and a beta of 3.31. The firm has a 50-day moving average price of $33.94 and a 200 day moving average price of $32.54.

GMS (NYSE:GMS) last posted its quarterly earnings data on Wednesday, September 6th. The company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. GMS had a return on equity of 14.13% and a net margin of 2.28%. The company had revenue of $642.20 million during the quarter, compared to analysts’ expectations of $645.19 million. During the same period last year, the firm earned $0.46 EPS. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. Equities research analysts predict that GMS will post $2.02 EPS for the current fiscal year.

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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