GMS Inc (GMS) Receives Consensus Recommendation of “Buy” from Analysts
GMS Inc (NYSE:GMS) has earned an average rating of “Buy” from the eight research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $36.60.
A number of equities analysts recently commented on the company. Robert W. Baird reiterated a “buy” rating and set a $37.00 price objective on shares of GMS in a research report on Monday. Royal Bank Of Canada raised their target price on GMS from $34.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday, September 7th. Zacks Investment Research raised GMS from a “sell” rating to a “hold” rating in a research note on Monday, September 4th. Stephens cut their target price on GMS from $40.00 to $36.00 and set an “overweight” rating for the company in a research note on Monday, July 3rd. Finally, Northcoast Research raised GMS from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Monday, July 3rd.
GMS (NYSE:GMS) traded down 0.23% during trading on Wednesday, hitting $35.40. The stock had a trading volume of 282,166 shares. The company’s 50 day moving average is $34.69 and its 200-day moving average is $34.69. The company has a market cap of $1.45 billion, a PE ratio of 27.11 and a beta of 3.39. GMS has a 12 month low of $20.51 and a 12 month high of $36.99.
GMS (NYSE:GMS) last announced its quarterly earnings data on Wednesday, September 6th. The company reported $0.47 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.47. GMS had a return on equity of 11.78% and a net margin of 2.39%. The firm had revenue of $642.20 million for the quarter, compared to the consensus estimate of $645.19 million. During the same quarter last year, the business posted $0.46 earnings per share. The firm’s revenue was up 16.8% compared to the same quarter last year. On average, equities research analysts predict that GMS will post $2.01 earnings per share for the current year.
In other news, insider Lynn Ross sold 1,894 shares of GMS stock in a transaction on Monday, September 25th. The stock was sold at an average price of $34.77, for a total value of $65,854.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO G Michael Callahan, Jr. sold 12,500 shares of GMS stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $34.73, for a total value of $434,125.00. Following the completion of the sale, the chief executive officer now directly owns 528,418 shares of the company’s stock, valued at $18,351,957.14. The disclosure for this sale can be found here. 5.90% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. American International Group Inc. grew its stake in shares of GMS by 7.0% in the first quarter. American International Group Inc. now owns 4,377 shares of the company’s stock valued at $153,000 after buying an additional 288 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of GMS by 386.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 5,190 shares of the company’s stock valued at $182,000 after buying an additional 4,123 shares in the last quarter. Legal & General Group Plc grew its stake in shares of GMS by 403.2% in the second quarter. Legal & General Group Plc now owns 5,621 shares of the company’s stock valued at $160,000 after buying an additional 4,504 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new stake in shares of GMS in the second quarter valued at $242,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of GMS in the second quarter valued at $248,000. 55.51% of the stock is owned by institutional investors and hedge funds.
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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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