GMS Inc. (NYSE:GMS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of GMS Inc. (NYSE:GMS) have earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $93.57.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Creative Planning lifted its position in shares of GMS by 21.3% during the third quarter. Creative Planning now owns 6,939 shares of the company’s stock valued at $628,000 after purchasing an additional 1,218 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of GMS by 412.5% during the third quarter. Assenagon Asset Management S.A. now owns 77,181 shares of the company’s stock valued at $6,990,000 after purchasing an additional 62,120 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in shares of GMS by 1.7% during the third quarter. GHP Investment Advisors Inc. now owns 44,825 shares of the company’s stock valued at $4,060,000 after purchasing an additional 732 shares in the last quarter. CacheTech Inc. lifted its position in shares of GMS by 8.0% during the third quarter. CacheTech Inc. now owns 30,009 shares of the company’s stock valued at $2,718,000 after purchasing an additional 2,229 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of GMS by 1.8% during the third quarter. Janney Montgomery Scott LLC now owns 24,797 shares of the company’s stock valued at $2,246,000 after purchasing an additional 428 shares in the last quarter. 95.28% of the stock is owned by institutional investors.

GMS Stock Up 0.3 %

GMS stock opened at $79.58 on Monday. The firm has a market capitalization of $3.09 billion, a PE ratio of 14.63 and a beta of 1.72. The company’s 50-day moving average is $83.41 and its 200-day moving average is $89.47. GMS has a fifty-two week low of $77.14 and a fifty-two week high of $105.54. 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 (NYSE:GMS) last announced 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). The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $2.30 EPS. Sell-side analysts anticipate that GMS will post 7.26 earnings per share for the current year.

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.