GMS Inc. (GMS) Upgraded to Hold at Zacks Investment Research
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 analysts have also recently issued reports on GMS. Robert W. Baird reiterated a neutral rating and issued a $25.00 price objective on shares of GMS in a research note on Thursday, September 1st. Royal Bank Of Canada dropped their target price on GMS from $28.00 to $26.00 and set an outperform rating on the stock in a report on Wednesday, September 14th. Finally, RBC Capital Markets reissued an outperform rating and issued a $26.00 target price (down previously from $28.00) on shares of GMS in a report on Wednesday, September 14th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. GMS currently has a consensus rating of Buy and a consensus target price of $25.86.
Shares of GMS (NYSE:GMS) opened at 25.11 on Wednesday. The firm has a market cap of $1.03 billion and a PE ratio of 45.90. GMS has a 12 month low of $19.28 and a 12 month high of $26.42. The firm’s 50-day moving average price is $22.49 and its 200-day moving average price is $22.99.
GMS (NYSE:GMS) last announced its quarterly earnings data on Tuesday, September 13th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The company earned $549.80 million during the quarter. The business’s revenue was up 21.5% compared to the same quarter last year. Analysts expect that GMS will post $1.76 earnings per share for the current year.
Several large investors have recently modified their holdings of the company. Nationwide Fund Advisors acquired a new stake in shares of GMS during the second quarter valued at approximately $102,000. Sei Investments Co. boosted 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 valued at $105,000 after buying an additional 704 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of GMS during the third quarter valued at approximately $125,000. Acadian Asset Management LLC acquired a new stake in shares of GMS during the third quarter valued at approximately $170,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of GMS during the second quarter valued at approximately $249,000. Institutional investors own 19.45% of the company’s stock.
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.
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