GMS Inc. (NYSE:GMS) Receives $91.50 Consensus PT from Analysts

GMS Inc. (NYSE:GMS) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $91.50.

Several research firms have commented on GMS. Truist Financial lowered their target price on shares of GMS from $95.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, August 30th. StockNews.com downgraded GMS from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Barclays reduced their target price on GMS from $81.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday, September 9th. Stephens lowered their price target on GMS from $112.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, July 1st. Finally, Robert W. Baird increased their price objective on shares of GMS from $96.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th.

GMS Stock Down 0.5 %

GMS opened at $89.89 on Tuesday. The firm has a market cap of $3.53 billion, a P/E ratio of 14.83 and a beta of 1.68. The business’s fifty day simple moving average is $89.86 and its 200 day simple moving average is $90.07. GMS has a 52 week low of $57.12 and a 52 week high of $101.04. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.90.

GMS (NYSE:GMS) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.21). The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. GMS had a return on equity of 22.02% and a net margin of 4.45%. GMS’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.40 earnings per share. As a group, equities research analysts anticipate that GMS will post 7.95 EPS for the current fiscal year.

Institutional Trading of GMS

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. lifted its position in GMS by 86.4% during the second quarter. Blue Trust Inc. now owns 369 shares of the company’s stock valued at $30,000 after buying an additional 171 shares in the last quarter. Quarry LP lifted its position in shares of GMS by 37.1% during the second quarter. Quarry LP now owns 403 shares of the company’s stock worth $32,000 after purchasing an additional 109 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of GMS by 138.8% in the third quarter. GAMMA Investing LLC now owns 621 shares of the company’s stock valued at $56,000 after purchasing an additional 361 shares during the period. EntryPoint Capital LLC purchased a new stake in GMS during the 1st quarter worth $77,000. Finally, LRI Investments LLC purchased a new position in GMS in the 1st quarter valued at about $127,000. Institutional investors and hedge funds 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.