GMS Inc. (NYSE:GMS) Receives $80.50 Consensus Target Price from Brokerages

GMS Inc. (NYSE:GMS) has received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $80.50.

A number of equities research analysts have recently weighed in on GMS shares. Loop Capital cut their price objective on GMS from $93.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, March 10th. Truist Financial cut their price target on shares of GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a report on Friday, March 7th. Robert W. Baird decreased their price objective on shares of GMS from $110.00 to $93.00 and set an “outperform” rating for the company in a report on Friday, March 7th. UBS Group set a $80.00 target price on shares of GMS in a research note on Friday, March 7th. Finally, DA Davidson reduced their price target on shares of GMS from $94.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th.

Institutional Investors Weigh In On GMS

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC raised its stake in GMS by 38.7% during the fourth quarter. FMR LLC now owns 5,868,782 shares of the company’s stock valued at $497,849,000 after buying an additional 1,636,612 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of GMS during the fourth quarter valued at $109,277,000. Coliseum Capital Management LLC raised its position in shares of GMS by 135.0% in the 4th quarter. Coliseum Capital Management LLC now owns 1,889,489 shares of the company’s stock worth $160,285,000 after purchasing an additional 1,085,551 shares during the last quarter. Granite Investment Partners LLC bought a new position in GMS in the 4th quarter worth about $11,913,000. Finally, Weiss Asset Management LP bought a new position in GMS in the 3rd quarter worth about $12,490,000. Hedge funds and other institutional investors own 95.28% of the company’s stock.

GMS Trading Down 0.8 %

NYSE:GMS opened at $75.42 on Friday. The firm has a market capitalization of $2.90 billion, a P/E ratio of 13.86 and a beta of 1.73. GMS has a 52 week low of $65.88 and a 52 week high of $105.54. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. The company has a fifty day moving average of $79.59 and a 200 day moving average of $87.37.

GMS (NYSE:GMS) last posted its earnings results on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.47). GMS had a return on equity of 20.67% and a net margin of 3.92%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.29 billion. On average, research analysts predict that GMS will post 7.26 earnings per share for the current year.

GMS Company Profile

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.