GMS (NYSE:GMS) PT Lowered to $95.00

GMS (NYSE:GMS) had its price target cut by Stephens from $112.00 to $95.00 in a research report sent to investors on Monday, Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts also recently issued reports about the company. Robert W. Baird decreased their price objective on GMS from $112.00 to $100.00 and set an outperform rating on the stock in a research report on Friday, June 21st. Royal Bank of Canada decreased their price objective on GMS from $92.00 to $85.00 and set a sector perform rating on the stock in a research report on Friday, June 21st. Loop Capital decreased their price objective on GMS from $100.00 to $85.00 and set a hold rating on the stock in a research report on Friday, June 21st. DA Davidson decreased their price objective on GMS from $105.00 to $97.00 and set a buy rating on the stock in a research report on Tuesday, June 25th. Finally, Barclays decreased their price objective on GMS from $93.00 to $81.00 and set an equal weight rating on the stock in a research report on Friday, June 21st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $90.38.

GMS Price Performance

NYSE:GMS opened at $80.35 on Monday. The company has a current ratio of 2.17, a quick ratio of 1.40 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $3.19 billion, a P/E ratio of 11.94 and a beta of 1.63. GMS has a 12 month low of $56.58 and a 12 month high of $101.04. The business’s 50-day moving average is $90.18 and its 200 day moving average is $89.04.

GMS (NYSE:GMS) last posted its earnings results on Thursday, June 20th. The company reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.11). GMS had a return on equity of 24.05% and a net margin of 5.02%. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the prior year, the firm posted $2.11 earnings per share. GMS’s quarterly revenue was up 8.4% on a year-over-year basis. On average, equities research analysts forecast that GMS will post 8.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. grew its stake in GMS by 131.1% in the fourth quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $31,000 after purchasing an additional 211 shares in the last quarter. GAMMA Investing LLC bought a new position in GMS in the fourth quarter worth approximately $32,000. Hexagon Capital Partners LLC boosted its position in GMS by 233.3% during the 4th quarter. Hexagon Capital Partners LLC now owns 430 shares of the company’s stock valued at $35,000 after acquiring an additional 301 shares in the last quarter. EntryPoint Capital LLC bought a new stake in GMS during the 1st quarter valued at $77,000. Finally, LRI Investments LLC bought a new stake in GMS during the 1st quarter valued at $127,000. 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.