GMS (NYSE:GMS) Price Target Lowered to $95.00 at Stephens

GMS (NYSE:GMS) had its target price decreased by Stephens from $112.00 to $95.00 in a research report released on Monday morning, Benzinga reports. Stephens currently has an overweight rating on the stock.

Other research analysts have also recently issued reports about the company. Royal Bank of Canada decreased their target price on GMS from $92.00 to $85.00 and set a sector perform rating for the company in a research note on Friday, June 21st. Robert W. Baird cut their price target on shares of GMS from $112.00 to $100.00 and set an outperform rating on the stock in a research note on Friday, June 21st. Loop Capital lowered their price objective on shares of GMS from $100.00 to $85.00 and set a hold rating for the company in a research report on Friday, June 21st. Barclays cut their price objective on shares of GMS from $93.00 to $81.00 and set an equal weight rating on the stock in a research report on Friday, June 21st. Finally, Truist Financial reduced their target price on shares of GMS from $105.00 to $95.00 and set a hold rating for the company in a research note on Friday, June 21st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $90.38.

GMS Stock Performance

GMS stock opened at $78.15 on Monday. The company has a 50 day moving average price of $90.92 and a 200 day moving average price of $89.17. GMS has a fifty-two week low of $56.58 and a fifty-two week high of $101.04. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.17 and a quick ratio of 1.40. The stock has a market capitalization of $3.10 billion, a PE ratio of 11.61 and a beta of 1.63.

GMS (NYSE:GMS) last announced its quarterly earnings data on Thursday, June 20th. The company reported $1.93 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($0.11). The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.41 billion. GMS had a return on equity of 24.05% and a net margin of 5.02%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.11 earnings per share. Analysts forecast that GMS will post 8.58 EPS for the current year.

Hedge Funds Weigh In On GMS

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SummerHaven Investment Management LLC increased its holdings in GMS by 1.3% during the fourth quarter. SummerHaven Investment Management LLC now owns 10,231 shares of the company’s stock worth $843,000 after buying an additional 136 shares during the last quarter. QRG Capital Management Inc. increased its stake in shares of GMS by 2.0% during the 1st quarter. QRG Capital Management Inc. now owns 8,070 shares of the company’s stock worth $786,000 after purchasing an additional 160 shares during the last quarter. Pitcairn Co. raised its holdings in shares of GMS by 2.5% in the 1st quarter. Pitcairn Co. now owns 6,614 shares of the company’s stock worth $644,000 after purchasing an additional 160 shares during the period. Blue Trust Inc. lifted its stake in GMS by 131.1% in the fourth quarter. Blue Trust Inc. now owns 372 shares of the company’s stock valued at $31,000 after purchasing an additional 211 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its holdings in GMS by 233.3% during the fourth quarter. Hexagon Capital Partners LLC now owns 430 shares of the company’s stock valued at $35,000 after purchasing an additional 301 shares during the period. Hedge funds and other institutional investors own 95.28% of the company’s stock.

GMS Company Profile

GMS Inc distributes wallboard, ceilings, steel framing and complementary construction products in the United States and Canada. The company offers ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.