Barclays Reiterates $25.00 Price Target for GMS (GMS)

Barclays set a $25.00 price objective on GMS (NYSE:GMS) in a research note released on Tuesday morning, The Fly reports. The firm currently has a buy rating on the stock.

Other analysts have also issued research reports about the stock. Raymond James lifted their price target on shares of GMS from $31.00 to $33.00 and gave the stock a buy rating in a research note on Friday, August 31st. Nomura lifted their price target on shares of GMS from $36.00 to $37.00 and gave the stock a buy rating in a research note on Friday, August 31st. Zacks Investment Research upgraded shares of GMS from a hold rating to a buy rating and set a $18.00 price target for the company in a research note on Thursday, November 1st. TheStreet lowered shares of GMS from a c- rating to a d+ rating in a research note on Wednesday, October 24th. Finally, ValuEngine lowered shares of GMS from a sell rating to a strong sell rating in a research note on Thursday, October 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $32.10.

Shares of NYSE:GMS opened at $17.51 on Tuesday. The company has a debt-to-equity ratio of 1.88, a current ratio of 2.75 and a quick ratio of 1.93. The firm has a market capitalization of $709.56 million, a P/E ratio of 8.71, a P/E/G ratio of 0.75 and a beta of 2.17. GMS has a 12-month low of $14.89 and a 12-month high of $39.69.

GMS (NYSE:GMS) last issued its quarterly earnings results on Tuesday, December 4th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.06). The company had revenue of $833.80 million during the quarter, compared to the consensus estimate of $830.54 million. GMS had a return on equity of 17.36% and a net margin of 2.23%. The firm’s quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS. Equities research analysts predict that GMS will post 3.29 earnings per share for the current year.

In other GMS news, Director John J. Gavin acquired 4,150 shares of the firm’s stock in a transaction on Monday, September 10th. The stock was purchased at an average price of $24.13 per share, with a total value of $100,139.50. Following the completion of the acquisition, the director now directly owns 16,966 shares in the company, valued at approximately $409,389.58. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in GMS. Massachusetts Financial Services Co. MA boosted its holdings in GMS by 0.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 983,380 shares of the company’s stock worth $26,640,000 after purchasing an additional 4,675 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in GMS in the second quarter worth $429,000. IndexIQ Advisors LLC boosted its holdings in GMS by 9.8% in the second quarter. IndexIQ Advisors LLC now owns 71,577 shares of the company’s stock worth $1,939,000 after purchasing an additional 6,359 shares during the period. Jennison Associates LLC boosted its holdings in GMS by 96.1% in the second quarter. Jennison Associates LLC now owns 29,679 shares of the company’s stock worth $804,000 after purchasing an additional 14,541 shares during the period. Finally, Sei Investments Co. boosted its holdings in GMS by 425.9% in the second quarter. Sei Investments Co. now owns 22,889 shares of the company’s stock worth $620,000 after purchasing an additional 18,537 shares during the period. 74.69% of the stock is owned by hedge funds and other institutional investors.

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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