GMS Inc. (GMS) Receives Consensus Recommendation of “Buy” from Analysts
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.
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.
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