GMS Inc. (GMS) Receives Average Recommendation of “Buy” from Brokerages
GMS Inc. (NYSE:GMS) has earned a consensus recommendation of “Buy” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $36.40.
A number of equities research analysts have recently commented on the stock. ValuEngine upgraded shares of GMS from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Royal Bank Of Canada lifted their price target on shares of GMS from $34.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday. Zacks Investment Research upgraded shares of GMS from a “sell” rating to a “hold” rating in a report on Monday, September 4th. Stephens lowered their price target on shares of GMS from $40.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, July 3rd. Finally, Northcoast Research upgraded shares of GMS from a “neutral” rating to a “buy” rating and set a $34.00 price target for the company in a report on Monday, July 3rd.
Several hedge funds and other institutional investors have recently modified their holdings of the company. American International Group Inc. grew its holdings in shares of GMS by 7.0% during the first quarter. American International Group Inc. now owns 4,377 shares of the company’s stock worth $153,000 after buying an additional 288 shares in the last quarter. Bank of America Corp DE boosted its position in shares of GMS by 0.3% in the first quarter. Bank of America Corp DE now owns 161,291 shares of the company’s stock worth $5,651,000 after acquiring an additional 489 shares during the last quarter. Sei Investments Co. boosted its position in shares of GMS by 7.1% in the second quarter. Sei Investments Co. now owns 15,073 shares of the company’s stock worth $424,000 after acquiring an additional 1,005 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of GMS by 0.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 376,000 shares of the company’s stock worth $10,565,000 after acquiring an additional 1,325 shares during the last quarter. Finally, Coe Capital Management LLC boosted its position in shares of GMS by 5.5% in the first quarter. Coe Capital Management LLC now owns 27,540 shares of the company’s stock worth $965,000 after acquiring an additional 1,435 shares during the last quarter. Institutional investors and hedge funds own 55.51% of the company’s stock.
GMS (GMS) traded down 0.81% during trading on Friday, reaching $34.22. 616,921 shares of the company’s stock traded hands. The firm has a 50 day moving average of $30.28 and a 200 day moving average of $32.11. GMS has a 1-year low of $20.23 and a 1-year high of $36.99. The firm has a market capitalization of $1.40 billion, a PE ratio of 28.76 and a beta of 3.31.
GMS (NYSE:GMS) last issued its quarterly earnings results on Wednesday, September 6th. The company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The business had revenue of $642.20 million during the quarter, compared to the consensus estimate of $645.19 million. GMS had a net margin of 2.28% and a return on equity of 14.13%. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 earnings per share. Equities analysts forecast that GMS will post $2.01 EPS for the current year.
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.
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