GMS Inc (NYSE:GMS) has been given an average rating of “Buy” by the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $40.29.
A number of brokerages recently commented on GMS. Robert W. Baird restated a “buy” rating and set a $37.00 target price on shares of GMS in a report on Monday, October 9th. Wells Fargo & Co began coverage on GMS in a report on Wednesday, October 18th. They set a “market perform” rating and a $38.00 target price for the company. Royal Bank of Canada restated a “buy” rating and set a $39.00 target price on shares of GMS in a report on Tuesday, October 10th. Barclays set a $43.00 target price on GMS and gave the company a “buy” rating in a report on Friday, December 8th. Finally, SunTrust Banks raised their target price on GMS to $45.00 and gave the company a “buy” rating in a report on Monday, December 11th.
In other GMS news, insider G Michael Callahan, Jr. sold 12,500 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $36.82, for a total value of $460,250.00. Following the sale, the insider now owns 495,085 shares of the company’s stock, valued at approximately $18,229,029.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard K. Mueller sold 500,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.05, for a total value of $19,025,000.00. The disclosure for this sale can be found here. Insiders sold a total of 5,234,115 shares of company stock worth $198,991,609 in the last ninety days. 5.90% of the stock is owned by corporate insiders.
Shares of GMS (GMS) traded up $1.10 during trading on Tuesday, reaching $33.79. The company had a trading volume of 230,247 shares, compared to its average volume of 307,893. GMS has a 12 month low of $27.20 and a 12 month high of $39.98. The stock has a market cap of $1,390.00 and a PE ratio of 25.53. The company has a quick ratio of 1.70, a current ratio of 2.62 and a debt-to-equity ratio of 1.06.
GMS (NYSE:GMS) last announced its earnings results on Thursday, December 7th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). GMS had a net margin of 2.26% and a return on equity of 14.24%. The firm had revenue of $648.00 million for the quarter, compared to analysts’ expectations of $662.03 million. During the same quarter last year, the business earned $0.49 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. equities research analysts anticipate that GMS will post 2.01 EPS for the current year.
GMS Company Profile
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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