GMS (NYSE:GMS) Price Target Increased to $67.00 by Analysts at Barclays

GMS (NYSE:GMSGet Rating) had its target price boosted by Barclays from $60.00 to $67.00 in a research report report published on Monday morning, The Fly reports. They currently have an equal weight rating on the stock.

A number of other brokerages have also commented on GMS. Robert W. Baird lifted their price target on GMS from $67.00 to $68.00 and gave the company an outperform rating in a research note on Tuesday, January 24th. Stephens lifted their price objective on GMS from $60.00 to $65.00 and gave the stock an overweight rating in a research note on Monday, December 12th. Royal Bank of Canada lifted their price objective on GMS from $51.00 to $58.00 and gave the stock a sector perform rating in a research note on Friday, December 9th. StockNews.com raised GMS from a buy rating to a strong-buy rating in a research note on Monday, November 28th. Finally, Loop Capital lowered GMS from a buy rating to a hold rating and lifted their price objective for the stock from $52.00 to $60.00 in a research note on Friday, December 9th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $62.00.

GMS Stock Performance

GMS stock opened at $59.34 on Monday. GMS has a 12-month low of $36.10 and a 12-month high of $62.19. The company has a quick ratio of 1.58, a current ratio of 2.53 and a debt-to-equity ratio of 0.95. The business’s 50-day moving average price is $56.36 and its two-hundred day moving average price is $50.38. The stock has a market cap of $2.45 billion, a PE ratio of 7.83 and a beta of 1.85.

GMS (NYSE:GMSGet Rating) last released its earnings results on Thursday, March 2nd. The company reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.01). GMS had a net margin of 6.28% and a return on equity of 34.16%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the firm earned $1.74 EPS. The business’s revenue was up 7.0% on a year-over-year basis. As a group, analysts expect that GMS will post 9.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO William Forrest Bell sold 2,376 shares of the business’s stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $55.52, for a total transaction of $131,915.52. Following the completion of the sale, the chief accounting officer now owns 996 shares in the company, valued at $55,297.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CAO William Forrest Bell sold 2,376 shares of the business’s stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $55.52, for a total transaction of $131,915.52. Following the completion of the sale, the chief accounting officer now owns 996 shares in the company, valued at $55,297.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John J. Gavin sold 6,250 shares of the business’s stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $52.15, for a total value of $325,937.50. Following the sale, the director now owns 26,229 shares of the company’s stock, valued at approximately $1,367,842.35. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On GMS

Institutional investors have recently bought and sold shares of the stock. Credit Suisse AG grew its holdings in GMS by 0.6% during the third quarter. Credit Suisse AG now owns 53,183 shares of the company’s stock worth $2,129,000 after buying an additional 330 shares in the last quarter. WINTON GROUP Ltd bought a new stake in GMS during the third quarter worth $497,000. Captrust Financial Advisors grew its holdings in GMS by 10.0% during the second quarter. Captrust Financial Advisors now owns 2,554 shares of the company’s stock worth $114,000 after buying an additional 232 shares in the last quarter. River Road Asset Management LLC grew its holdings in GMS by 5.3% during the third quarter. River Road Asset Management LLC now owns 404,053 shares of the company’s stock worth $16,166,000 after buying an additional 20,391 shares in the last quarter. Finally, Coliseum Capital Management LLC grew its holdings in GMS by 3.3% during the third quarter. Coliseum Capital Management LLC now owns 6,336,573 shares of the company’s stock worth $253,526,000 after buying an additional 205,000 shares in the last quarter. Institutional investors own 96.34% of the company’s stock.

GMS Company Profile

(Get Rating)

GMS, Inc is a holding company, which engages in the distribution of wallboard and suspended ceilings systems and complementary interior construction products. It operates through the following segments: Geographic Divisions, Other, and Corporate. The firm offers ceiling products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.

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Analyst Recommendations for GMS (NYSE:GMS)

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