GMS (NYSE:GMS) had its price target cut by investment analysts at Stephens from $34.00 to $33.00 in a report released on Friday, BenzingaRatingsTable reports. The brokerage presently has an “overweight” rating on the stock. Stephens’ price objective would suggest a potential upside of 13.56% from the company’s current price.
A number of other brokerages have also commented on GMS. Raymond James set a $31.00 price objective on GMS and gave the stock a “buy” rating in a report on Friday, August 30th. SunTrust Banks boosted their price objective on GMS from $23.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Robert W. Baird boosted their price objective on GMS from $28.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday. Seaport Global Securities reissued a “buy” rating and set a $33.00 price objective (up from $28.00) on shares of GMS in a report on Friday, August 30th. They noted that the move was a valuation call. Finally, Royal Bank of Canada set a $30.00 price objective on GMS and gave the stock a “buy” rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $31.50.
GMS stock traded up $0.02 during midday trading on Friday, reaching $29.06. The stock had a trading volume of 99,571 shares, compared to its average volume of 583,462. GMS has a 12 month low of $13.61 and a 12 month high of $32.42. The company has a market capitalization of $1.22 billion, a P/E ratio of 10.38, a PEG ratio of 1.42 and a beta of 2.15. The company has a fifty day moving average price of $30.57 and a two-hundred day moving average price of $24.96. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 1.80.
GMS (NYSE:GMS) last issued its earnings results on Thursday, December 5th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.01. The business had revenue of $861.90 million during the quarter, compared to analyst estimates of $860.95 million. GMS had a return on equity of 18.99% and a net margin of 2.27%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 EPS. On average, equities research analysts predict that GMS will post 3.11 earnings per share for the current fiscal year.
In other GMS news, major shareholder Investors Fund V. Lp Aea sold 6,825,058 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $26.93, for a total transaction of $183,798,811.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald R. Ross sold 30,474 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $27.97, for a total transaction of $852,357.78. Following the sale, the director now owns 285,365 shares of the company’s stock, valued at $7,981,659.05. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of GMS by 115.6% during the second quarter. BlackRock Inc. now owns 4,718,664 shares of the company’s stock worth $103,811,000 after purchasing an additional 2,529,800 shares during the period. Vanguard Group Inc. boosted its holdings in shares of GMS by 14.0% during the second quarter. Vanguard Group Inc. now owns 3,488,993 shares of the company’s stock worth $76,758,000 after purchasing an additional 428,725 shares during the period. FMR LLC boosted its holdings in shares of GMS by 27.6% during the first quarter. FMR LLC now owns 1,568,460 shares of the company’s stock worth $23,715,000 after purchasing an additional 338,959 shares during the period. State Street Corp boosted its holdings in shares of GMS by 7.7% during the third quarter. State Street Corp now owns 1,008,991 shares of the company’s stock worth $28,978,000 after purchasing an additional 71,787 shares during the period. Finally, Nuveen Asset Management LLC purchased a new stake in shares of GMS during the second quarter worth about $14,140,000. Institutional investors own 89.49% 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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