GMS Inc. (NYSE:GMS) Receives $80.50 Average Target Price from Brokerages

Shares of GMS Inc. (NYSE:GMS) have been given a consensus recommendation of “Hold” by the seven brokerages that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $80.50.

Several brokerages recently commented on GMS. Barclays dropped their target price on GMS from $80.00 to $71.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th. DA Davidson dropped their target price on GMS from $94.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. UBS Group set a $80.00 target price on GMS in a report on Friday, March 7th. Truist Financial dropped their target price on GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a report on Friday, March 7th. Finally, Royal Bank of Canada dropped their target price on GMS from $82.00 to $65.00 and set a “sector perform” rating on the stock in a report on Friday, March 7th.

GMS Stock Performance

GMS stock opened at $72.43 on Friday. The stock’s 50-day moving average is $80.11 and its 200-day moving average is $87.64. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 13.31 and a beta of 1.73. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.23 and a quick ratio of 1.44. GMS has a 12 month low of $65.88 and a 12 month high of $105.54.

GMS (NYSE:GMS) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.47). The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.29 billion. GMS had a return on equity of 20.67% and a net margin of 3.92%. Equities analysts anticipate that GMS will post 7.26 earnings per share for the current year.

Institutional Investors Weigh In On GMS

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Summit Investment Advisors Inc. increased its holdings in GMS by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,130 shares of the company’s stock worth $350,000 after purchasing an additional 131 shares during the last quarter. Inspire Investing LLC grew its position in shares of GMS by 2.9% in the 4th quarter. Inspire Investing LLC now owns 4,716 shares of the company’s stock worth $400,000 after acquiring an additional 134 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of GMS by 0.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 37,507 shares of the company’s stock worth $3,182,000 after acquiring an additional 148 shares in the last quarter. Vise Technologies Inc. grew its position in shares of GMS by 2.3% in the 4th quarter. Vise Technologies Inc. now owns 7,090 shares of the company’s stock worth $601,000 after acquiring an additional 162 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of GMS by 7.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,936 shares of the company’s stock worth $249,000 after acquiring an additional 211 shares in the last quarter. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

About GMS

GMS Inc distributes wallboard, ceilings, steel framing and complementary construction products in the United States and Canada. The company offers 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.