GMS Inc. (NYSE:GMS – Get Rating) has been given an average recommendation of "Moderate Buy" by the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $56.67.
Several equities analysts have recently weighed in on the company. Robert W. Baird decreased their price objective on GMS from $68.00 to $55.00 and set an "outperform" rating for the company in a report on Friday, June 24th. Royal Bank of Canada cut GMS from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from $73.00 to $46.00 in a report on Wednesday, June 22nd. StockNews.com upgraded GMS from a "buy" rating to a "strong-buy" rating in a report on Monday, June 27th. Truist Financial cut GMS from a "buy" rating to a "hold" rating and reduced their price target for the stock from $50.00 to $46.00 in a report on Wednesday, September 7th. Finally, Raymond James reiterated an "outperform" rating and set a $70.00 price target (down previously from $72.00) on shares of GMS in a report on Friday, June 24th.
Get
GMS alerts:
Insider Transactions at GMS
In other news, VP Craig D. Apolinsky sold 6,324 shares of the business's stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of $39.07, for a total transaction of $247,078.68. Following the completion of the sale, the vice president now owns 9,870 shares in the company, valued at $385,620.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company's stock.
Institutional Investors Weigh In On GMS
Institutional investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd raised its position in shares of GMS by 41.1% in the second quarter. Point72 Hong Kong Ltd now owns 958 shares of the company's stock valued at $43,000 after buying an additional 279 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of GMS in the first quarter valued at approximately $87,000. Captrust Financial Advisors raised its position in shares of GMS by 10.0% in the second quarter. Captrust Financial Advisors now owns 2,554 shares of the company's stock valued at $114,000 after buying an additional 232 shares in the last quarter. KBC Group NV acquired a new stake in shares of GMS in the second quarter valued at approximately $165,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of GMS in the first quarter valued at approximately $168,000. Institutional investors own 98.94% of the company's stock.
GMS Stock Performance
GMS opened at $40.01 on Monday. The business's 50-day moving average price is $48.28 and its two-hundred day moving average price is $47.99. GMS has a 1 year low of $36.10 and a 1 year high of $61.79. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 5.79 and a beta of 1.85. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.30 and a quick ratio of 1.43.
GMS (NYSE:GMS – Get Rating) last released its quarterly earnings results on Thursday, September 1st. The company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.18. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. GMS had a return on equity of 34.71% and a net margin of 6.09%. The company's revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter last year, the business posted $1.67 EPS. Equities analysts expect that GMS will post 7.9 EPS for the current fiscal year.
GMS Company Profile
(Get Rating)
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.
Read More
- Get a free copy of the StockNews.com research report on GMS (GMS)
- Archer Daniels Midland: Dividend Hero With 49 Years Of Increases
- Will Fully Autonomous Tractors Make Deere the Tesla of Farming?
- Magna International is Your Auto and EV One-Stop Shop Stock
- EV Battery Maker Freyr Set For Major Global Expansion
- MarketBeat: Week in Review 9/26 – 9/30
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.
