GMS (NYSE:GMS) Price Target Raised to $110.00 at Royal Bank Of Canada

GMS (NYSE:GMS) had its target price lifted by Royal Bank Of Canada from $95.20 to $110.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

A number of other research analysts have also weighed in on the company. DA Davidson upgraded GMS from a “hold” rating to a “strong-buy” rating in a report on Friday, June 20th. Stephens lowered GMS from a “strong-buy” rating to a “hold” rating and set a $95.00 price objective on the stock. in a report on Friday, June 27th. Robert W. Baird restated a “neutral” rating and issued a $95.00 price objective (up previously from $93.00) on shares of GMS in a report on Monday, June 23rd. Barclays raised their price objective on GMS from $71.00 to $95.00 and gave the company an “equal weight” rating in a report on Friday, June 20th. Finally, UBS Group set a $80.00 price objective on GMS in a report on Friday, March 7th. Ten analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $101.11.

GMS Trading Up 0.0%

Shares of NYSE:GMS opened at $108.76 on Tuesday. GMS has a 1 year low of $65.77 and a 1 year high of $109.27. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 37.63 and a beta of 1.71. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.91 and a quick ratio of 1.17. The business’s 50 day moving average price is $79.75 and its 200-day moving average price is $79.34.

GMS (NYSE:GMS) last announced its earnings results on Wednesday, June 18th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.18. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.30 billion. GMS had a return on equity of 16.97% and a net margin of 2.09%. The business’s revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.93 EPS. On average, equities research analysts forecast that GMS will post 7.26 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO John C. Turner, Jr. bought 3,650 shares of the business’s stock in a transaction on Monday, April 7th. The stock was acquired at an average cost of $70.00 per share, with a total value of $255,500.00. Following the purchase, the chief executive officer directly owned 66,928 shares of the company’s stock, valued at $4,684,960. The trade was a 5.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.90% of the stock is owned by company insiders.

Institutional Trading of GMS

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Voya Investment Management LLC increased its stake in shares of GMS by 34.1% in the 1st quarter. Voya Investment Management LLC now owns 38,192 shares of the company’s stock worth $2,795,000 after acquiring an additional 9,705 shares during the last quarter. Strs Ohio acquired a new stake in shares of GMS during the 1st quarter worth about $73,000. Intech Investment Management LLC increased its position in shares of GMS by 25.5% during the 1st quarter. Intech Investment Management LLC now owns 36,871 shares of the company’s stock worth $2,698,000 after purchasing an additional 7,497 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in GMS by 13.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,464 shares of the company’s stock valued at $7,863,000 after buying an additional 13,084 shares during the period. Finally, Zimmer Partners LP raised its holdings in GMS by 33.4% in the 1st quarter. Zimmer Partners LP now owns 100,050 shares of the company’s stock valued at $7,321,000 after buying an additional 25,050 shares during the period. 95.28% of the stock is owned by institutional investors and hedge funds.

GMS Company Profile

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.