GMS (NYSE:GMS) Price Target Cut to $71.00 by Analysts at Barclays

GMS (NYSE:GMS - Get Free Report) had its price objective lowered by equities research analysts at Barclays from $80.00 to $71.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price objective points to a potential upside of 1.07% from the stock's current price.

Other research analysts have also issued research reports about the company. Robert W. Baird cut their price target on GMS from $110.00 to $93.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Royal Bank of Canada reduced their price target on shares of GMS from $82.00 to $65.00 and set a "sector perform" rating for the company in a research report on Friday, March 7th. Loop Capital boosted their price target on shares of GMS from $85.00 to $93.00 and gave the company a "hold" rating in a research note on Monday, November 25th. Truist Financial dropped their price objective on shares of GMS from $97.00 to $80.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Finally, DA Davidson decreased their target price on shares of GMS from $94.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $80.50.

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GMS Stock Down 0.2 %

NYSE GMS traded down $0.17 on Monday, hitting $70.25. 418,969 shares of the company were exchanged, compared to its average volume of 395,457. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The company has a market cap of $2.73 billion, a PE ratio of 12.91 and a beta of 1.73. The stock has a fifty day moving average of $81.51 and a 200-day moving average of $88.42. GMS has a 12 month low of $65.88 and a 12 month high of $105.54.

GMS (NYSE:GMS - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.29 billion. GMS had a net margin of 3.92% and a return on equity of 20.67%. As a group, analysts forecast that GMS will post 7.26 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GMS. Intech Investment Management LLC grew its position in GMS by 148.8% in the 3rd quarter. Intech Investment Management LLC now owns 16,511 shares of the company's stock worth $1,495,000 after purchasing an additional 9,876 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of GMS by 6.4% in the third quarter. Victory Capital Management Inc. now owns 101,541 shares of the company's stock valued at $9,197,000 after acquiring an additional 6,136 shares in the last quarter. Barclays PLC grew its holdings in shares of GMS by 374.0% in the third quarter. Barclays PLC now owns 70,580 shares of the company's stock valued at $6,392,000 after acquiring an additional 55,690 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of GMS by 246.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock valued at $84,000 after acquiring an additional 705 shares during the last quarter. Finally, Vestcor Inc lifted its holdings in GMS by 71.5% during the third quarter. Vestcor Inc now owns 14,330 shares of the company's stock worth $1,298,000 after acquiring an additional 5,972 shares during the period. 95.28% of the stock is owned by 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.