GMS Inc. (NYSE:GMS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of GMS Inc. (NYSE:GMSGet Free Report) have been given an average rating of “Moderate Buy” by the eight ratings firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $91.50.

A number of equities analysts recently weighed in on the stock. DA Davidson reduced their target price on shares of GMS from $105.00 to $97.00 and set a “buy” rating for the company in a research note on Tuesday, June 25th. Robert W. Baird upped their target price on shares of GMS from $96.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Truist Financial reduced their target price on shares of GMS from $95.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Barclays reduced their target price on shares of GMS from $81.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday, September 9th. Finally, Stephens reduced their target price on shares of GMS from $112.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, July 1st.

View Our Latest Report on GMS

GMS Price Performance

Shares of GMS stock opened at $93.14 on Tuesday. GMS has a 12-month low of $56.58 and a 12-month high of $101.04. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 13.84 and a beta of 1.68. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.90. The firm has a fifty day moving average of $89.97 and a 200-day moving average of $90.27.

GMS (NYSE:GMSGet Free Report) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.21). GMS had a net margin of 4.45% and a return on equity of 22.02%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the firm earned $2.40 EPS. GMS’s quarterly revenue was up 2.8% on a year-over-year basis. On average, equities research analysts forecast that GMS will post 7.95 earnings per share for the current year.

Institutional Investors Weigh In On GMS

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP raised its holdings in shares of GMS by 37.1% in the 2nd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $32,000 after purchasing an additional 109 shares during the period. QRG Capital Management Inc. raised its holdings in shares of GMS by 2.0% in the 1st quarter. QRG Capital Management Inc. now owns 8,070 shares of the company’s stock valued at $786,000 after purchasing an additional 160 shares during the period. Pitcairn Co. raised its holdings in shares of GMS by 2.5% in the 1st quarter. Pitcairn Co. now owns 6,614 shares of the company’s stock valued at $644,000 after purchasing an additional 160 shares during the period. SummerHaven Investment Management LLC raised its holdings in shares of GMS by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 10,509 shares of the company’s stock valued at $847,000 after purchasing an additional 162 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of GMS by 86.4% in the 2nd quarter. Blue Trust Inc. now owns 369 shares of the company’s stock valued at $30,000 after purchasing an additional 171 shares during the period. 95.28% of the stock is owned by institutional investors.

About GMS

(Get Free Report

GMS Inc distributes wallboard, ceilings, steel framing and complementary construction products in the United States and Canada. The company offers ceilings 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.

See Also

Analyst Recommendations for GMS (NYSE:GMS)

Receive News & Ratings for GMS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GMS and related companies with MarketBeat.com's FREE daily email newsletter.