GMS (GMS) Given a $46.00 Price Target by Barclays Analysts

GMS (NYSE:GMS) received a $46.00 price target from analysts at Barclays in a research note issued on Sunday, January 7th. The firm presently has a “buy” rating on the stock. Barclays’ target price suggests a potential upside of 22.70% from the stock’s previous close.

GMS has been the subject of several other research reports. Royal Bank of Canada reiterated a “buy” rating and issued a $46.00 price target on shares of GMS in a research report on Friday, December 8th. Zacks Investment Research upgraded shares of GMS from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Wednesday, November 1st. SunTrust Banks restated a “buy” rating and set a $40.00 price objective on shares of GMS in a research report on Friday, November 10th. ValuEngine downgraded shares of GMS from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Wells Fargo & Co started coverage on shares of GMS in a research report on Wednesday, October 18th. They set a “market perform” rating and a $38.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.00.

Shares of GMS (GMS) opened at $37.49 on Friday. GMS has a 12-month low of $27.20 and a 12-month high of $39.98. The company has a market cap of $1,540.30, a price-to-earnings ratio of 28.19, a P/E/G ratio of 2.66 and a beta of 3.21. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.62 and a quick ratio of 1.70.

GMS (NYSE:GMS) last released its quarterly earnings results on Thursday, December 7th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.03). GMS had a net margin of 2.26% and a return on equity of 14.24%. The business had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $662.03 million. During the same quarter last year, the company earned $0.49 EPS. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. equities analysts forecast that GMS will post 2.01 earnings per share for the current year.

In other news, Chairman Richard K. Mueller sold 500,000 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.05, for a total transaction of $19,025,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO G Michael Callahan, Jr. sold 12,500 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $35.30, for a total transaction of $441,250.00. Following the transaction, the chief executive officer now directly owns 528,418 shares in the company, valued at $18,653,155.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,234,115 shares of company stock valued at $198,962,859. 5.90% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of GMS. The Manufacturers Life Insurance Company grew its stake in shares of GMS by 1,659.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 827,403 shares of the company’s stock worth $23,250,000 after purchasing an additional 780,368 shares during the period. Dimensional Fund Advisors LP acquired a new position in shares of GMS during the 3rd quarter worth $16,433,000. Davidson Kempner Capital Management LP acquired a new stake in GMS in the 3rd quarter valued at about $15,930,000. Copper Rock Capital Partners LLC grew its stake in GMS by 47.4% in the 4th quarter. Copper Rock Capital Partners LLC now owns 1,165,143 shares of the company’s stock valued at $43,798,000 after acquiring an additional 374,438 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in GMS by 17.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,312,282 shares of the company’s stock valued at $64,976,000 after acquiring an additional 339,051 shares during the last quarter. 60.17% of the stock is currently owned by institutional investors and hedge funds.

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GMS Company Profile

GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.

Analyst Recommendations for GMS (NYSE:GMS)

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