Zacks Investment Research upgraded shares of GMS Inc. (NYSE:GMS) from a sell rating to a hold rating in a report issued on Monday morning.

According to Zacks, “GMS Inc. is a distributor of wallboard and suspended ceilings systems. The company’s product consists of wallboard, suspended ceilings systems or ceilings and complementary interior construction products in commercial and residential buildings. GMS Inc. is based in Tucker, United States. “

Several other equities research analysts also recently commented on the company. Robert W. Baird reiterated a neutral rating and set a $25.00 target price on shares of GMS in a report on Thursday, September 1st. Royal Bank Of Canada lowered their price objective on GMS from $28.00 to $26.00 and set an outperform rating for the company in a research note on Wednesday, September 14th. Finally, RBC Capital Markets restated an outperform rating and set a $26.00 price objective (down previously from $28.00) on shares of GMS in a research note on Wednesday, September 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $25.86.

Analyst Recommendations for GMS (NYSE:GMS)

GMS (NYSE:GMS) opened at 25.12 on Monday. The stock has a market cap of $1.03 billion and a price-to-earnings ratio of 45.92. The stock’s 50 day moving average price is $22.13 and its 200 day moving average price is $22.91. GMS has a 12-month low of $19.28 and a 12-month high of $26.42.

GMS (NYSE:GMS) last posted its earnings results on Tuesday, September 13th. The company reported $0.46 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. The firm earned $549.80 million during the quarter. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. Analysts forecast that GMS will post $1.76 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in GMS. California State Teachers Retirement System raised its stake in shares of GMS by 0.7% in the third quarter. California State Teachers Retirement System now owns 15,017 shares of the company’s stock worth $334,000 after buying an additional 100 shares during the period. Sei Investments Co. raised its stake in shares of GMS by 17.6% in the third quarter. Sei Investments Co. now owns 4,703 shares of the company’s stock worth $105,000 after buying an additional 704 shares during the period. Nationwide Fund Advisors acquired a new position in GMS during the second quarter valued at $102,000. The Manufacturers Life Insurance Company acquired a new position in GMS during the third quarter valued at $125,000. Finally, Bank of New York Mellon Corp boosted its position in GMS by 46.6% in the third quarter. Bank of New York Mellon Corp now owns 20,057 shares of the company’s stock valued at $446,000 after buying an additional 6,379 shares in the last quarter. 20.15% of the stock is currently owned by institutional investors.

About GMS

GMS Inc is a distributor of wallboard and suspended ceilings systems. The Company’s seven segments include Central, Northeast, Southern, Southeast, Southwest and Western, Tool Source Warehouse, Inc and other. It offers wallboard, which is used in building products for interior and exterior walls, and ceilings in residential and commercial structures.

5 Day Chart for NYSE:GMS

Receive News & Stock Ratings for GMS Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GMS Inc. and related stocks with our FREE daily email newsletter.