GMS Inc. (NYSE:GMS) Receives $80.50 Consensus Target Price from Brokerages

Shares of GMS Inc. (NYSE:GMS) have been given an average rating of “Hold” by the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $80.50.

GMS has been the topic of several research reports. Robert W. Baird lowered their target price on GMS from $110.00 to $93.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Barclays decreased their price objective on GMS from $80.00 to $71.00 and set an “equal weight” rating on the stock in a research note on Monday, March 10th. Royal Bank of Canada decreased their price objective on GMS from $82.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Friday, March 7th. DA Davidson decreased their price objective on GMS from $94.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Finally, Truist Financial decreased their price objective on GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, March 7th.

GMS Stock Down 0.4 %

GMS stock opened at $72.43 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 13.31 and a beta of 1.73. GMS has a fifty-two week low of $65.88 and a fifty-two week high of $105.54. The stock’s fifty day moving average is $80.11 and its two-hundred day moving average is $87.64.

GMS (NYSE:GMS) last posted its earnings results on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.47). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. Analysts predict that GMS will post 7.26 EPS for the current fiscal year.

Institutional Trading of GMS

A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC boosted its stake in GMS by 38.7% in the 4th quarter. FMR LLC now owns 5,868,782 shares of the company’s stock worth $497,849,000 after buying an additional 1,636,612 shares during the last quarter. Coliseum Capital Management LLC boosted its stake in GMS by 135.0% in the 4th quarter. Coliseum Capital Management LLC now owns 1,889,489 shares of the company’s stock worth $160,285,000 after buying an additional 1,085,551 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in GMS in the 4th quarter worth about $109,277,000. Charles Schwab Investment Management Inc. boosted its stake in GMS by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 609,715 shares of the company’s stock worth $51,722,000 after buying an additional 15,664 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. boosted its stake in GMS by 3.4% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 596,444 shares of the company’s stock worth $50,596,000 after buying an additional 19,833 shares during the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.

About GMS

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.