GMS Inc (GMS) Receives $33.00 Consensus Target Price from Analysts
GMS Inc (NYSE:GMS) has earned a consensus rating of “Buy” from the ten brokerages that are covering the company. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $33.00.
GMS has been the topic of several research reports. Royal Bank of Canada restated a “buy” rating and issued a $38.00 price target (up previously from $32.00) on shares of GMS in a research report on Monday, March 6th. Zacks Investment Research upgraded shares of GMS from a “sell” rating to a “hold” rating in a research report on Monday, November 21st. Robert W. Baird upgraded shares of GMS from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $32.00 to $36.00 in a research report on Wednesday, March 1st. Barclays PLC assumed coverage on shares of GMS in a research report on Thursday, January 5th. They set an “overweight” rating and a $34.00 price objective on the stock. Finally, Northcoast Research reiterated a “neutral” rating on shares of GMS in a research report on Wednesday, November 30th.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sei Investments Co. boosted its position in 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 last quarter. Acadian Asset Management LLC bought a new position in GMS during the third quarter worth approximately $170,000. Schwab Charles Investment Management Inc. bought a new position in GMS during the second quarter worth approximately $256,000. BlackRock Inc. boosted its position in GMS by 7,489.2% in the third quarter. BlackRock Inc. now owns 15,406 shares of the company’s stock worth $342,000 after buying an additional 15,203 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its position in GMS by 9.6% in the fourth quarter. GSA Capital Partners LLP now owns 16,573 shares of the company’s stock worth $485,000 after buying an additional 1,453 shares during the last quarter. Hedge funds and other institutional investors own 19.96% of the company’s stock.
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Shares of GMS (NYSE:GMS) opened at 33.83 on Tuesday. The firm’s 50 day moving average is $30.73 and its 200 day moving average is $26.35. GMS has a 12 month low of $19.28 and a 12 month high of $34.42. The company has a market cap of $1.39 billion and a PE ratio of 30.23.
GMS (NYSE:GMS) last announced its quarterly earnings results on Thursday, March 9th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The business earned $562.50 million during the quarter, compared to the consensus estimate of $562.44 million. During the same quarter in the prior year, the firm posted ($0.07) EPS. The company’s revenue for the quarter was up 33.8% on a year-over-year basis. On average, equities analysts predict that GMS will post $1.68 earnings per share for the current year.
GMS Company Profile
GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.
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