GMS Inc. (GMS) Receives $36.40 Consensus Target Price from Brokerages
GMS Inc. (NYSE:GMS) has received a consensus recommendation of “Buy” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $36.40.
Several research firms recently commented on GMS. Stephens reduced their target price on shares of GMS from $40.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, July 3rd. Northcoast Research raised shares of GMS from a “neutral” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Monday, July 3rd. Zacks Investment Research raised shares of GMS from a “sell” rating to a “hold” rating in a report on Monday, September 4th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $38.00 target price on shares of GMS in a report on Monday, June 19th. Finally, ValuEngine raised shares of GMS from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
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Shares of GMS (GMS) traded up 2.29% during mid-day trading on Friday, hitting $34.34. 487,600 shares of the company traded hands. The stock has a market capitalization of $1.41 billion, a PE ratio of 28.86 and a beta of 3.31. The firm’s 50 day moving average price is $33.57 and its 200-day moving average price is $31.41. GMS has a 1-year low of $20.23 and a 1-year high of $34.55.
GMS (NYSE:GMS) last released its earnings results on Wednesday, September 6th. The company reported $0.47 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. GMS had a net margin of 2.28% and a return on equity of 14.13%. The company had revenue of $642.20 million for the quarter, compared to analyst estimates of $645.19 million. During the same quarter last year, the firm earned $0.46 EPS. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, equities research analysts forecast that GMS will post $2.02 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in GMS. American International Group Inc. grew its holdings in shares of GMS by 7.0% during the 1st quarter. American International Group Inc. now owns 4,377 shares of the company’s stock valued at $153,000 after purchasing an additional 288 shares during the last quarter. Legal & General Group Plc grew its holdings in GMS by 403.2% in the 2nd quarter. Legal & General Group Plc now owns 5,621 shares of the company’s stock worth $160,000 after acquiring an additional 4,504 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in GMS by 386.4% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 5,190 shares of the company’s stock worth $182,000 after acquiring an additional 4,123 shares during the last quarter. Alambic Investment Management L.P. bought a new stake in GMS in the 1st quarter worth $203,000. Finally, TFS Capital LLC bought a new stake in GMS in the 1st quarter worth $221,000. 55.51% of the stock is currently owned by institutional investors.
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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