GMS Inc (GMS) Receives Average Rating of “Buy” from Brokerages

GMS Inc (NYSE:GMS) has been given a consensus rating of “Buy” by the twelve ratings firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $39.20.

GMS has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $46.00 price target on shares of GMS in a research report on Friday, December 8th. Barclays reiterated a “buy” rating and issued a $42.00 target price on shares of GMS in a research note on Wednesday, March 7th. SunTrust Banks reiterated a “buy” rating and issued a $40.00 target price on shares of GMS in a research note on Tuesday, March 6th. They noted that the move was a valuation call. Zacks Investment Research upgraded GMS from a “sell” rating to a “hold” rating in a research note on Monday, December 4th. Finally, Seaport Global Securities upgraded GMS from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Wednesday, March 7th. They noted that the move was a valuation call.

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Shares of GMS traded down $0.73 during midday trading on Wednesday, hitting $29.83. The company had a trading volume of 49,312 shares, compared to its average volume of 351,497. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.80 and a current ratio of 2.91. The stock has a market capitalization of $1,253.90, a PE ratio of 18.63, a PEG ratio of 2.18 and a beta of 1.55. GMS has a 1 year low of $27.20 and a 1 year high of $39.98.

GMS (NYSE:GMS) last announced its quarterly earnings data on Tuesday, March 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.22). The company had revenue of $585.60 million during the quarter, compared to analysts’ expectations of $602.08 million. GMS had a net margin of 2.70% and a return on equity of 12.75%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 EPS. analysts predict that GMS will post 2 EPS for the current year.

In related news, insider G Michael Callahan, Jr. sold 12,500 shares of GMS stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $36.82, for a total value of $460,250.00. Following the sale, the insider now directly owns 495,085 shares in the company, valued at $18,229,029.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider G Michael Callahan, Jr. sold 33,333 shares of GMS stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $32.17, for a total value of $1,072,322.61. Following the completion of the sale, the insider now owns 461,752 shares in the company, valued at $14,854,561.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,499 shares of company stock worth $4,709,382. Company insiders own 5.90% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. First Trust Advisors LP acquired a new position in GMS in the third quarter valued at $611,000. Victory Capital Management Inc. acquired a new stake in GMS during the third quarter worth about $182,000. Bank of New York Mellon Corp increased its stake in GMS by 14.2% during the third quarter. Bank of New York Mellon Corp now owns 104,875 shares of the company’s stock worth $3,713,000 after acquiring an additional 13,048 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in GMS during the third quarter worth about $170,000. Finally, American International Group Inc. increased its stake in GMS by 25.0% during the third quarter. American International Group Inc. now owns 18,270 shares of the company’s stock worth $647,000 after acquiring an additional 3,656 shares during the last quarter. Institutional investors own 72.83% of the company’s stock.

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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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