GMS Inc (GMS) Given Average Recommendation of “Buy” by Brokerages

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GMS Inc (NYSE:GMS) has been given a consensus rating of “Buy” by the twelve analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $33.67.

GMS has been the subject of a number of research analyst reports. Raymond James lifted their price target on GMS from $31.00 to $33.00 and gave the company a “buy” rating in a report on Friday, August 31st. Nomura lifted their price target on GMS from $36.00 to $37.00 and gave the company a “buy” rating in a report on Friday, August 31st. SunTrust Banks cut their price target on GMS to $26.00 and set a “buy” rating for the company in a report on Thursday. They noted that the move was a valuation call. Royal Bank of Canada set a $25.00 price target on GMS and gave the company a “buy” rating in a report on Thursday. Finally, Barclays set a $25.00 price target on GMS and gave the company a “buy” rating in a report on Tuesday.

Shares of NYSE GMS traded down $0.69 during midday trading on Monday, reaching $17.51. 823,018 shares of the company traded hands, compared to its average volume of 508,379. The stock has a market cap of $749.51 million, a PE ratio of 8.71, a PEG ratio of 0.80 and a beta of 2.17. GMS has a 12 month low of $14.89 and a 12 month high of $39.69. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.93 and a current ratio of 2.75.

GMS (NYSE:GMS) last released its quarterly earnings results on Tuesday, December 4th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.06). GMS had a net margin of 2.23% and a return on equity of 17.36%. The business had revenue of $833.80 million during the quarter, compared to the consensus estimate of $830.54 million. During the same period in the prior year, the firm earned $0.51 earnings per share. The business’s quarterly revenue was up 28.7% compared to the same quarter last year. Analysts predict that GMS will post 3.23 earnings per share for the current year.

In other GMS news, Director John J. Gavin purchased 4,150 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was acquired at an average cost of $24.13 per share, with a total value of $100,139.50. Following the completion of the acquisition, the director now directly owns 16,966 shares of the company’s stock, valued at approximately $409,389.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.90% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Clearline Capital LP acquired a new stake in GMS in the second quarter worth about $1,495,000. Davidson Kempner Capital Management LP increased its position in GMS by 116.7% in the second quarter. Davidson Kempner Capital Management LP now owns 325,000 shares of the company’s stock worth $8,804,000 after purchasing an additional 175,000 shares during the period. Schwab Charles Investment Management Inc. increased its position in GMS by 16.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 370,607 shares of the company’s stock worth $10,040,000 after purchasing an additional 51,400 shares during the period. Sei Investments Co. increased its position in GMS by 425.9% in the second quarter. Sei Investments Co. now owns 22,889 shares of the company’s stock worth $620,000 after purchasing an additional 18,537 shares during the period. Finally, Point72 Asset Management L.P. increased its position in GMS by 273.3% in the second quarter. Point72 Asset Management L.P. now owns 215,048 shares of the company’s stock worth $5,826,000 after purchasing an additional 157,448 shares during the period. Hedge funds and other institutional investors own 74.69% 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.

See Also: Balanced Fund

Analyst Recommendations for GMS (NYSE:GMS)

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