Zacks Investment Research upgraded shares of GMS (NYSE:GMS) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.
According to Zacks, “GMS Inc. is a distributor of wallboard and suspended ceilings systems. The company’s product consists of wallboard, suspended ceilings systems or ceilings and complementary interior construction products in commercial and residential buildings. GMS Inc. is based in Tucker, United States. “
Several other analysts also recently weighed in on the stock. SunTrust Banks lowered their target price on shares of GMS to $26.00 and set a buy rating on the stock in a report on Thursday, December 6th. They noted that the move was a valuation call. Nomura set a $29.00 target price on shares of GMS and gave the company a buy rating in a report on Monday, December 17th. Stephens set a $22.00 target price on shares of GMS and gave the company a buy rating in a report on Monday, December 10th. Barclays set a $21.00 target price on shares of GMS and gave the company a buy rating in a report on Wednesday, December 12th. Finally, Royal Bank of Canada set a $25.00 target price on shares of GMS and gave the company a buy rating in a report on Thursday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $28.09.
Shares of NYSE:GMS opened at $19.84 on Wednesday. The stock has a market capitalization of $851.64 million, a PE ratio of 9.87, a PEG 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 fifty-two week low of $13.61 and a fifty-two week high of $34.25.
GMS (NYSE:GMS) last issued its earnings results on Tuesday, December 4th. The company reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.06). The firm had revenue of $833.80 million during the quarter, compared to analysts’ expectations of $830.54 million. GMS had a net margin of 2.23% and a return on equity of 17.36%. The firm’s revenue was up 28.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. On average, equities analysts predict that GMS will post 3.08 earnings per share for the current fiscal year.
In related news, Director Ronald R. Ross acquired 100,000 shares of GMS stock in a transaction that occurred on Friday, December 14th. The stock was purchased at an average price of $15.66 per share, for a total transaction of $1,566,000.00. Following the completion of the purchase, the director now directly owns 200,790 shares of the company’s stock, valued at $3,144,371.40. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 4.90% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted its stake in shares of GMS by 69.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,735 shares of the company’s stock valued at $26,000 after purchasing an additional 714 shares during the period. IFP Advisors Inc lifted its stake in shares of GMS by 49.0% in the fourth quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock valued at $30,000 after purchasing an additional 658 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in shares of GMS in the fourth quarter valued at about $32,000. Tower Research Capital LLC TRC lifted its stake in shares of GMS by 1,452.7% in the third quarter. Tower Research Capital LLC TRC now owns 5,652 shares of the company’s stock valued at $132,000 after purchasing an additional 5,288 shares during the period. Finally, Raymond James & Associates acquired a new stake in shares of GMS in the second quarter valued at about $216,000. Hedge funds and other institutional investors own 79.19% 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.
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