GMS (NYSE:GMS)‘s stock had its “buy” rating reissued by stock analysts at Royal Bank Of Canada in a research note issued on Friday. They currently have a $46.00 price target on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 18.50% from the stock’s current price.
Other research analysts also recently issued research reports about the company. Zacks Investment Research downgraded GMS from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. ValuEngine downgraded GMS from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks reiterated a “buy” rating and set a $40.00 price target on shares of GMS in a research note on Friday, November 10th. Robert W. Baird reiterated a “buy” rating and set a $37.00 price target on shares of GMS in a research note on Monday, October 9th. Finally, Wells Fargo & Company initiated coverage on GMS in a research note on Wednesday, October 18th. They set a “market perform” rating and a $38.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $38.25.
Shares of GMS (GMS) traded down $0.19 during trading hours on Friday, reaching $38.82. The company’s stock had a trading volume of 886,800 shares, compared to its average volume of 366,569. The company has a market cap of $1,598.28, a P/E ratio of 22.55, a PEG ratio of 2.77 and a beta of 3.20. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 1.82. GMS has a 52-week low of $25.87 and a 52-week high of $39.98.
GMS (NYSE:GMS) last announced its quarterly earnings data on Thursday, December 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The business had revenue of $648.00 million during the quarter, compared to the consensus estimate of $662.03 million. GMS had a net margin of 2.28% and a return on equity of 14.13%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS. sell-side analysts forecast that GMS will post 2.01 EPS for the current year.
In other GMS news, insider Lynn Ross sold 1,894 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $34.77, for a total value of $65,854.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO H Douglas Goforth sold 102,282 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $37.57, for a total value of $3,842,734.74. Following the completion of the transaction, the chief financial officer now owns 82,563 shares of the company’s stock, valued at approximately $3,101,891.91. The disclosure for this sale can be found here. Insiders have sold a total of 202,676 shares of company stock valued at $7,488,934 in the last quarter. 5.90% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Great West Life Assurance Co. Can boosted its stake in GMS by 213.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 2,823 shares of the company’s stock worth $100,000 after purchasing an additional 1,923 shares during the period. Legal & General Group Plc boosted its stake in GMS by 403.2% in the 2nd quarter. Legal & General Group Plc now owns 5,621 shares of the company’s stock worth $160,000 after purchasing an additional 4,504 shares during the period. Macquarie Group Ltd. bought a new position in GMS in the 3rd quarter worth about $170,000. Metropolitan Life Insurance Co. NY boosted its stake in GMS by 386.4% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 5,190 shares of the company’s stock worth $182,000 after purchasing an additional 4,123 shares during the period. Finally, Victory Capital Management Inc. bought a new position in GMS in the 3rd quarter worth about $182,000. Institutional investors and hedge funds own 59.34% of the company’s stock.
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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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