Analysts Set GMS Inc. (NYSE:GMS) PT at $80.50

GMS Inc. (NYSE:GMS) has been given a consensus rating of “Hold” by the seven analysts that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $80.50.

Several equities research analysts recently weighed in on GMS shares. Truist Financial reduced their price objective on shares of GMS from $97.00 to $80.00 and set a “hold” rating for the company in a report on Friday, March 7th. UBS Group set a $80.00 price objective on shares of GMS in a report on Friday, March 7th. 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. Barclays decreased their price target on GMS from $80.00 to $71.00 and set an “equal weight” rating for the company in a research note on Monday, March 10th. Finally, Robert W. Baird dropped their price objective on GMS from $110.00 to $93.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th.

Institutional Investors Weigh In On GMS

Institutional investors and hedge funds have recently modified their holdings of the stock. AlphaQuest LLC raised its holdings in shares of GMS by 1,710.5% during the fourth quarter. AlphaQuest LLC now owns 344 shares of the company’s stock valued at $29,000 after acquiring an additional 325 shares during the period. Canada Pension Plan Investment Board acquired a new stake in GMS during the 4th quarter valued at $34,000. Blue Trust Inc. raised its stake in GMS by 71.3% during the 4th quarter. Blue Trust Inc. now owns 685 shares of the company’s stock valued at $62,000 after purchasing an additional 285 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of GMS by 246.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company’s stock valued at $84,000 after purchasing an additional 705 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of GMS by 31.9% in the third quarter. KBC Group NV now owns 1,162 shares of the company’s stock worth $105,000 after buying an additional 281 shares during the period. 95.28% of the stock is owned by institutional investors and hedge funds.

GMS Stock Performance

Shares of NYSE GMS opened at $75.39 on Friday. GMS has a 12-month low of $65.88 and a 12-month high of $105.54. The company has a market cap of $2.89 billion, a PE ratio of 13.86 and a beta of 1.73. The stock has a 50 day simple moving average of $79.88 and a 200-day simple moving average of $87.53. 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 (NYSE:GMS) last announced its earnings results on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.47). GMS had a net margin of 3.92% and a return on equity of 20.67%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.29 billion. On average, equities research analysts forecast that GMS will post 7.26 EPS for the current year.

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.