GMS Inc. (NYSE:GMS) had its target price increased by research analysts at Royal Bank Of Canada from $34.00 to $39.00 in a note issued to investors on Thursday, Marketbeat reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 16.70% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Stephens cut their price target on GMS from $40.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, July 3rd. Northcoast Research upgraded GMS from a “neutral” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Monday, July 3rd. Zacks Investment Research upgraded GMS from a “sell” rating to a “hold” rating in a research report on Monday. Finally, ValuEngine upgraded GMS from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $36.33.

GMS (NYSE:GMS) traded up 2.66% on Thursday, hitting $34.31. The stock had a trading volume of 423,945 shares. GMS has a 52-week low of $20.23 and a 52-week high of $36.99. The company has a market cap of $1.41 billion, a P/E ratio of 28.83 and a beta of 3.31. The firm’s 50-day moving average is $30.03 and its 200-day moving average is $32.08.

GMS (NYSE:GMS) last posted its quarterly earnings results on Wednesday, September 6th. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. GMS had a return on equity of 14.15% and a net margin of 2.11%. The firm had revenue of $642.20 million during the quarter, compared to analysts’ expectations of $645.19 million. During the same quarter last year, the firm earned $0.46 earnings per share. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. Equities research analysts anticipate that GMS will post $1.99 earnings per share for the current fiscal year.

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A number of institutional investors have recently modified their holdings of GMS. Citadel Advisors LLC grew its position in GMS by 294.7% in the first quarter. Citadel Advisors LLC now owns 1,162,177 shares of the company’s stock worth $40,722,000 after acquiring an additional 867,736 shares during the period. Vanguard Group Inc. grew its position in GMS by 71.6% in the first quarter. Vanguard Group Inc. now owns 1,973,231 shares of the company’s stock worth $69,142,000 after acquiring an additional 822,997 shares during the period. The Manufacturers Life Insurance Company grew its position in GMS by 1,659.1% in the second quarter. The Manufacturers Life Insurance Company now owns 827,403 shares of the company’s stock worth $23,250,000 after acquiring an additional 780,368 shares during the period. Wells Fargo & Company MN grew its position in GMS by 13,592.0% in the first quarter. Wells Fargo & Company MN now owns 669,950 shares of the company’s stock worth $23,476,000 after acquiring an additional 665,057 shares during the period. Finally, FMR LLC purchased a new position in GMS in the first quarter worth approximately $20,972,000. Institutional investors own 55.51% of the company’s stock.

About GMS

GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.

Analyst Recommendations for GMS (NYSE:GMS)

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