GMS (GMS) Downgraded to “Strong Sell” at ValuEngine

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.

About GMS

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.

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Analyst Recommendations for GMS (NYSE:GMS)

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