GMS (NYSE:GMS) had its target price dropped by equities research analysts at SunTrust Banks to $26.00 in a report issued on Thursday, The Fly reports. The firm currently has a “buy” rating on the stock. SunTrust Banks’ price objective would suggest a potential upside of 46.81% from the stock’s current price. The analysts noted that the move was a valuation call.
Several other brokerages also recently commented on GMS. Raymond James upped their price objective on GMS from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 31st. Zacks Investment Research downgraded GMS from a “buy” rating to a “hold” rating in a research report on Monday, September 3rd. TheStreet downgraded GMS from a “c-” rating to a “d+” rating in a research report on Wednesday, October 24th. Barclays set a $25.00 price objective on GMS and gave the company a “buy” rating in a research report on Tuesday. Finally, ValuEngine downgraded GMS from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. GMS presently has a consensus rating of “Buy” and a consensus price target of $32.10.
NYSE:GMS traded up $0.48 during midday trading on Thursday, hitting $17.71. 12,120 shares of the company traded hands, compared to its average volume of 408,276. The firm has a market capitalization of $708.82 million, a PE ratio of 8.84, a PEG ratio of 0.75 and a beta of 2.17. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.93 and a current ratio of 3.08. GMS has a 12-month low of $14.89 and a 12-month high of $39.98.
GMS (NYSE:GMS) last announced its quarterly earnings data on Tuesday, December 4th. The company reported $0.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.06). The business had revenue of $833.80 million during the quarter, compared to the consensus estimate of $830.54 million. GMS had a net margin of 2.23% and a return on equity of 17.74%. The business’s revenue was up 28.7% compared to the same quarter last year. During the same period last year, the company earned $0.51 EPS. Equities analysts forecast that GMS will post 3.29 EPS for the current year.
In other GMS news, Director John J. Gavin acquired 4,150 shares of the business’s stock in a transaction on Monday, September 10th. The shares were bought at an average price of $24.13 per share, with a total value of $100,139.50. Following the transaction, the director now directly owns 16,966 shares of the company’s stock, valued at approximately $409,389.58. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.90% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Clearline Capital LP bought a new position in shares of GMS during the 2nd quarter worth $1,495,000. Davidson Kempner Capital Management LP grew its position in shares of GMS by 116.7% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 325,000 shares of the company’s stock worth $8,804,000 after buying an additional 175,000 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of GMS by 16.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 370,607 shares of the company’s stock worth $10,040,000 after buying an additional 51,400 shares in the last quarter. Sei Investments Co. grew its position in shares of GMS by 425.9% during the 2nd quarter. Sei Investments Co. now owns 22,889 shares of the company’s stock worth $620,000 after buying an additional 18,537 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in shares of GMS by 273.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 215,048 shares of the company’s stock worth $5,826,000 after buying an additional 157,448 shares in the last quarter. 74.69% of the stock is currently owned by institutional investors and hedge funds.
GMS Company Profile
GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.
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