Analysts Set GMS Inc. (NYSE:GMS) PT at $93.57

Shares of GMS Inc. (NYSE:GMS) have received a consensus recommendation of “Hold” from the seven analysts that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $93.57.

A number of research firms have issued reports on GMS. Loop Capital lifted their price objective on GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, November 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $86.00 price objective (up previously from $78.00) on shares of GMS in a research note on Friday, December 6th. Truist Financial lifted their price objective on GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Robert W. Baird cut their target price on GMS from $115.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, December 6th. Finally, DA Davidson cut their target price on GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a research report on Friday, December 6th.

GMS Stock Down 1.7 %

NYSE GMS opened at $79.75 on Monday. The stock’s 50 day moving average is $83.54 and its 200 day moving average is $89.54. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. GMS has a 12 month low of $77.14 and a 12 month high of $105.54. The stock has a market cap of $3.10 billion, a PE ratio of 14.66 and a beta of 1.72.

GMS (NYSE:GMS) last posted its quarterly earnings results on Thursday, December 5th. The company reported $2.02 EPS for the quarter, missing analysts’ consensus estimates of $2.26 by ($0.24). GMS had a return on equity of 20.67% and a net margin of 3.92%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the firm posted $2.30 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Research analysts predict that GMS will post 7.26 EPS for the current fiscal year.

Institutional Investors Weigh In On GMS

Several hedge funds have recently made changes to their positions in GMS. FMR LLC lifted its holdings in shares of GMS by 38.7% in the 4th quarter. FMR LLC now owns 5,868,782 shares of the company’s stock worth $497,849,000 after buying an additional 1,636,612 shares during the period. Pacer Advisors Inc. purchased a new stake in shares of GMS in the 4th quarter worth $109,277,000. Coliseum Capital Management LLC lifted its stake in shares of GMS by 135.0% during the 4th quarter. Coliseum Capital Management LLC now owns 1,889,489 shares of the company’s stock worth $160,285,000 after purchasing an additional 1,085,551 shares during the last quarter. Granite Investment Partners LLC purchased a new stake in shares of GMS during the 4th quarter worth $11,913,000. Finally, Weiss Asset Management LP purchased a new stake in shares of GMS during the 3rd quarter worth $12,490,000. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

GMS Company Profile

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.