GMS (NYSE:GMS) had its target price boosted by Nomura from $17.00 to $25.00 in a report issued on Friday, The Fly reports. They currently have a neutral rating on the stock.
Other equities analysts have also issued research reports about the company. Zacks Investment Research raised GMS from a strong sell rating to a hold rating in a research report on Friday, June 12th. Stephens decreased their target price on GMS from $33.00 to $30.00 and set an overweight rating for the company in a research report on Friday, March 6th. Robert W. Baird decreased their target price on GMS from $35.00 to $28.00 and set a neutral rating for the company in a research report on Friday, March 6th. Nomura Instinet boosted their target price on GMS from $17.00 to $25.00 and gave the stock a neutral rating in a research report on Friday. Finally, TheStreet lowered GMS from a b- rating to a c+ rating in a research report on Friday, March 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Hold and a consensus target price of $24.82.
GMS opened at $23.47 on Friday. The stock has a 50-day moving average price of $21.27 and a 200-day moving average price of $22.09. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.25 and a quick ratio of 1.41. The firm has a market cap of $999.91 million, a PE ratio of 43.46 and a beta of 2.00. GMS has a 1 year low of $10.39 and a 1 year high of $32.42.
GMS (NYSE:GMS) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.04. GMS had a return on equity of 18.36% and a net margin of 0.72%. The firm had revenue of $770.90 million during the quarter, compared to analyst estimates of $734.20 million. During the same quarter in the previous year, the firm earned $0.68 EPS. GMS’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that GMS will post 2.28 EPS for the current year.
Several large investors have recently made changes to their positions in the stock. State Street Corp grew its stake in shares of GMS by 15.5% during the 1st quarter. State Street Corp now owns 1,274,706 shares of the company’s stock valued at $20,051,000 after acquiring an additional 171,426 shares during the period. Royal Bank of Canada grew its stake in shares of GMS by 70.3% during the 1st quarter. Royal Bank of Canada now owns 25,559 shares of the company’s stock valued at $402,000 after acquiring an additional 10,554 shares during the period. Lumbard & Kellner LLC bought a new position in shares of GMS during the 1st quarter valued at approximately $1,630,000. AQR Capital Management LLC grew its stake in shares of GMS by 7.6% during the 1st quarter. AQR Capital Management LLC now owns 288,975 shares of the company’s stock valued at $4,546,000 after acquiring an additional 20,417 shares during the period. Finally, Engineers Gate Manager LP grew its stake in shares of GMS by 425.6% during the 1st quarter. Engineers Gate Manager LP now owns 44,792 shares of the company’s stock valued at $705,000 after acquiring an additional 36,270 shares during the period. Institutional investors own 92.90% of the company’s stock.
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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