GMS (GMS) Given a $43.00 Price Target at Barclays

Barclays set a $43.00 target price on GMS (NYSE:GMS) in a research report report published on Friday. The firm currently has a buy rating on the stock.

GMS has been the subject of a number of other research reports. Zacks Investment Research lowered shares of GMS from a buy rating to a hold rating in a research report on Friday, November 3rd. Royal Bank of Canada reiterated a buy rating and issued a $46.00 target price on shares of GMS in a research report on Friday. ValuEngine lowered shares of GMS from a buy rating to a hold rating in a research report on Friday, December 1st. SunTrust Banks restated a buy rating and set a $40.00 price objective on shares of GMS in a research report on Friday, November 10th. Finally, Robert W. Baird restated a buy rating and set a $37.00 price objective on shares of GMS in a research report on Monday, October 9th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $39.63.

GMS (NYSE GMS) opened at $38.97 on Friday. The stock has a market cap of $1,582.56, a PE ratio of 21.67, a P/E/G ratio of 2.75 and a beta of 3.20. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.62 and a quick ratio of 1.70. GMS has a 12-month low of $25.87 and a 12-month high of $39.98.

GMS (NYSE:GMS) last announced its earnings results on Thursday, December 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). The company had revenue of $648.00 million during the quarter, compared to the consensus estimate of $662.03 million. GMS had a net margin of 2.26% and a return on equity of 14.24%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. equities analysts forecast that GMS will post 2.01 earnings per share for the current fiscal year.

In other GMS news, CEO G Michael Callahan, Jr. sold 12,500 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $34.52, for a total transaction of $431,500.00. Following the completion of the sale, the chief executive officer now directly owns 528,418 shares of the company’s stock, valued at $18,240,989.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lynn Ross sold 1,894 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $34.77, for a total transaction of $65,854.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 202,676 shares of company stock valued at $7,488,934. Insiders own 5.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Great West Life Assurance Co. Can lifted its stake in GMS by 213.7% during the third quarter. Great West Life Assurance Co. Can now owns 2,823 shares of the company’s stock valued at $100,000 after buying an additional 1,923 shares in the last quarter. Legal & General Group Plc lifted its stake in GMS by 403.2% during the second quarter. Legal & General Group Plc now owns 5,621 shares of the company’s stock valued at $160,000 after buying an additional 4,504 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in GMS during the third quarter valued at about $170,000. Metropolitan Life Insurance Co. NY lifted its stake in GMS by 386.4% during the first quarter. Metropolitan Life Insurance Co. NY now owns 5,190 shares of the company’s stock valued at $182,000 after buying an additional 4,123 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in GMS during the third quarter valued at about $182,000. 59.34% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for GMS (NYSE:GMS)

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