GMS Inc. (NYSE:GMS) Receives Consensus Rating of “Moderate Buy” from Brokerages

GMS Inc. (NYSE:GMS) has been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $90.38.

A number of equities analysts have weighed in on the stock. Royal Bank of Canada dropped their target price on shares of GMS from $92.00 to $85.00 and set a “sector perform” rating for the company in a research note on Friday, June 21st. Truist Financial reduced their price objective on GMS from $105.00 to $95.00 and set a “hold” rating on the stock in a report on Friday, June 21st. Robert W. Baird lowered their target price on GMS from $112.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, June 21st. StockNews.com downgraded GMS from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 26th. Finally, Barclays decreased their price target on GMS from $93.00 to $81.00 and set an “equal weight” rating on the stock in a report on Friday, June 21st.

GMS Stock Up 3.6 %

NYSE GMS opened at $87.67 on Friday. The stock’s 50 day simple moving average is $88.75 and its 200 day simple moving average is $89.08. GMS has a one year low of $56.58 and a one year high of $101.04. The firm has a market cap of $3.48 billion, a PE ratio of 13.03 and a beta of 1.63. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.17 and a quick ratio of 1.40.

GMS (NYSE:GMS) last announced its earnings results on Thursday, June 20th. The company reported $1.93 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.11). GMS had a return on equity of 24.05% and a net margin of 5.02%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the company posted $2.11 EPS. GMS’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, sell-side analysts forecast that GMS will post 8.64 earnings per share for the current fiscal year.

Institutional Trading of GMS

A number of hedge funds have recently modified their holdings of the company. Blue Trust Inc. increased its holdings in shares of GMS by 131.1% in the fourth quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $31,000 after acquiring an additional 211 shares in the last quarter. GAMMA Investing LLC bought a new stake in GMS during the 4th quarter worth approximately $32,000. Hexagon Capital Partners LLC raised its holdings in GMS by 233.3% during the 4th quarter. Hexagon Capital Partners LLC now owns 430 shares of the company’s stock worth $35,000 after buying an additional 301 shares during the period. EntryPoint Capital LLC bought a new position in GMS in the first quarter valued at approximately $77,000. Finally, LRI Investments LLC acquired a new position in shares of GMS in the first quarter valued at approximately $127,000. 95.28% of the stock is currently owned by institutional investors and hedge funds.

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.