Brokerages Set GMS Inc. (NYSE:GMS) Price Target at $80.50

GMS Inc. (NYSE:GMS - Get Free Report) has earned a consensus rating of "Hold" from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $80.50.

Several research analysts have weighed in on the stock. Truist Financial lowered their target price on shares of GMS from $97.00 to $80.00 and set a "hold" rating on the stock in a research report on Friday, March 7th. Royal Bank of Canada reduced their price objective on GMS from $82.00 to $65.00 and set a "sector perform" rating for the company in a report on Friday, March 7th. Barclays cut 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. Loop Capital lowered their price objective on shares of GMS from $93.00 to $80.00 and set a "hold" rating on the stock in a research note on Monday, March 10th. Finally, DA Davidson dropped their target price on shares of GMS from $94.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, March 7th.

Hedge Funds Weigh In On GMS

Institutional investors and hedge funds have recently modified their holdings of the company. AlphaQuest LLC raised its holdings in GMS by 1,710.5% in the 4th quarter. AlphaQuest LLC now owns 344 shares of the company's stock valued at $29,000 after acquiring an additional 325 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of GMS in the fourth quarter valued at $34,000. Blue Trust Inc. increased its stake in GMS by 71.3% in the fourth 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 last quarter. Smartleaf Asset Management LLC lifted its position in GMS by 246.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 991 shares of the company's stock worth $84,000 after buying an additional 705 shares during the period. Finally, KBC Group NV boosted its stake in GMS by 31.9% in the 3rd 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 last quarter. Hedge funds and other institutional investors own 95.28% of the company's stock.

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GMS Price Performance

GMS stock traded up $2.93 on Friday, reaching $75.47. 402,694 shares of the company's stock were exchanged, compared to its average volume of 395,616. The stock has a fifty day moving average of $80.11 and a 200-day moving average of $87.64. The firm has a market cap of $2.90 billion, a PE ratio of 13.87 and a beta of 1.73. The company has a quick ratio of 1.44, a current ratio of 2.23 and a debt-to-equity ratio of 0.97. GMS has a twelve month low of $65.88 and a twelve month high of $105.54.

GMS (NYSE:GMS - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.47). GMS had a return on equity of 20.67% and a net margin of 3.92%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.29 billion. As a group, equities analysts predict that GMS will post 7.26 EPS for the current fiscal 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.