Robert W. Baird Raises GMS (NYSE:GMS) Price Target to $115.00

GMS (NYSE:GMS) had its target price increased by Robert W. Baird from $96.00 to $115.00 in a research report report published on Wednesday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also weighed in on GMS. Truist Financial decreased their target price on GMS from $95.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Barclays decreased their price objective on shares of GMS from $81.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, September 9th. Royal Bank of Canada dropped their target price on shares of GMS from $92.00 to $85.00 and set a “sector perform” rating on the stock in a report on Friday, June 21st. DA Davidson cut their target price on shares of GMS from $105.00 to $97.00 and set a “buy” rating for the company in a research report on Tuesday, June 25th. Finally, Stephens lowered their price target on GMS from $112.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday, July 1st. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, GMS currently has an average rating of “Hold” and a consensus target price of $91.50.

GMS Price Performance

Shares of GMS opened at $95.66 on Wednesday. The company has a market capitalization of $3.79 billion, a P/E ratio of 14.21 and a beta of 1.68. GMS has a twelve month low of $56.58 and a twelve month high of $101.04. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.90. The firm has a 50 day moving average of $89.84 and a 200 day moving average of $90.37.

GMS (NYSE:GMS) last posted its earnings results on Thursday, August 29th. The company reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.21). The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. GMS had a return on equity of 22.02% and a net margin of 4.45%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.40 EPS. As a group, equities research analysts anticipate that GMS will post 7.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Quadrature Capital Ltd bought a new position in GMS in the 4th quarter worth $622,000. Los Angeles Capital Management LLC raised its stake in shares of GMS by 1.6% in the first quarter. Los Angeles Capital Management LLC now owns 28,171 shares of the company’s stock worth $2,742,000 after buying an additional 444 shares during the period. GAMMA Investing LLC raised its stake in shares of GMS by 107.6% in the first quarter. GAMMA Investing LLC now owns 793 shares of the company’s stock worth $77,000 after buying an additional 411 shares during the period. Artemis Investment Management LLP lifted its position in shares of GMS by 19.6% during the 1st quarter. Artemis Investment Management LLP now owns 61,370 shares of the company’s stock valued at $5,971,000 after buying an additional 10,036 shares in the last quarter. Finally, AlphaMark Advisors LLC bought a new position in shares of GMS during the 1st quarter valued at approximately $359,000. Hedge funds and other institutional investors own 95.28% of the company’s stock.

About GMS

GMS Inc distributes wallboard, ceilings, steel framing and complementary construction products in the United States and Canada. The company offers 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.