GMS (NYSE:GMS) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Monday, February 4th.
Several other equities research analysts have also recently commented on the company. Nomura set a $29.00 target price on GMS and gave the stock a “buy” rating in a report on Monday, December 17th. Royal Bank of Canada set a $25.00 target price on GMS and gave the stock a “buy” rating in a report on Thursday, December 6th. Northcoast Research raised GMS to a “buy” rating and set a $34.00 target price on the stock in a report on Thursday, December 20th. Stephens set a $22.00 target price on GMS and gave the stock a “buy” rating in a report on Monday, December 10th. Finally, Robert W. Baird dropped their target price on GMS from $31.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, December 11th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $28.09.
Shares of GMS traded up $0.29 during mid-day trading on Monday, reaching $19.84. 319,468 shares of the company’s stock traded hands, compared to its average volume of 652,143. The stock has a market cap of $851.64 million, a PE ratio of 9.87, a price-to-earnings-growth ratio of 0.96 and a beta of 2.40. The company has a current ratio of 2.75, a quick ratio of 1.78 and a debt-to-equity ratio of 1.88. GMS has a 12 month low of $13.61 and a 12 month high of $34.25.
GMS (NYSE:GMS) last released its quarterly earnings results on Tuesday, December 4th. The company reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.06). The business had revenue of $833.80 million for the quarter, compared to the consensus estimate of $830.54 million. GMS had a net margin of 2.23% and a return on equity of 17.36%. The business’s quarterly revenue was up 28.7% on a year-over-year basis. During the same period last year, the firm posted $0.51 EPS. As a group, analysts forecast that GMS will post 3.08 EPS for the current year.
In other GMS news, Director Ronald R. Ross purchased 100,000 shares of the firm’s stock in a transaction on Friday, December 14th. The shares were purchased at an average price of $15.66 per share, for a total transaction of $1,566,000.00. Following the completion of the transaction, the director now owns 200,790 shares in the company, valued at approximately $3,144,371.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.90% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. IFP Advisors Inc grew its position in GMS by 49.0% in the fourth quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock worth $30,000 after buying an additional 658 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in GMS by 69.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,735 shares of the company’s stock worth $26,000 after buying an additional 714 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new position in GMS in the fourth quarter worth approximately $32,000. Teachers Advisors LLC grew its position in GMS by 0.4% in the third quarter. Teachers Advisors LLC now owns 642,437 shares of the company’s stock worth $14,905,000 after buying an additional 2,280 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its position in GMS by 2.1% in the third quarter. Jupiter Asset Management Ltd. now owns 162,664 shares of the company’s stock worth $3,772,000 after buying an additional 3,361 shares during the last quarter. Hedge funds and other institutional investors own 79.19% of the company’s stock.
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.
Read More: Net Income
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for GMS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GMS and related companies with MarketBeat.com's FREE daily email newsletter.