Raymond James analyst Joshua Wilson maintained a Buy rating on GMS (GMS – Research Report) today and set a price target of $82.00. The company’s shares closed yesterday at $68.09.
According to TipRanks, Wilson is ranked #255 out of 8401 analysts.
In addition to Raymond James, GMS also received a Buy from Robert W. Baird’s David Manthey in a report issued today. However, on the same day, RBC Capital maintained a Hold rating on GMS (NYSE: GMS).
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The company has a one-year high of $69.25 and a one-year low of $38.31. Currently, GMS has an average volume of 278.8K.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GMS in relation to earlier this year.
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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 Geographic Divisions segment comprises the Central, Midwest, Northeast, Southern, Southeast, Western, and Canada. The Other segment distributes tools through Tool Source Warehouse, Inc. The Corporate segment includes the corporate office building and support services provided to its subsidiaries. Its products include accessories, acoustical ceilings, drywall, fiberglass reinforced panels, insulation, joint treatment, steel studs, and tools. The company was founded by Richard K. Mueller and Richard A. Whitcomb in 1971 and is headquartered in Tucker, GA.
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