Nomura Instinet Increases GMS (NYSE:GMS) Price Target to $25.00

GMS (NYSE:GMS) had its price objective boosted by Nomura Instinet from $17.00 to $25.00 in a report published on Friday morning, BenzingaRatingsTable reports. The firm currently has a neutral rating on the stock.

Several other research analysts have also weighed in on the company. Raymond James lowered their price objective on GMS from $30.00 to $24.00 and set a strong-buy rating for the company in a research report on Monday, March 16th. Zacks Investment Research upgraded GMS from a strong sell rating to a hold rating in a research report on Friday, June 12th. TheStreet lowered GMS from a b- rating to a c+ rating in a research report on Friday, March 13th. Robert W. Baird lowered their price objective on GMS from $35.00 to $28.00 and set a neutral rating for the company in a research report on Friday, March 6th. Finally, SunTrust Banks lowered their price objective on GMS from $33.00 to $27.00 and set a buy rating for the company in a research report on Thursday, April 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. GMS currently has a consensus rating of Hold and an average price target of $24.82.

GMS stock opened at $23.47 on Friday. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.25 and a quick ratio of 1.41. The business has a 50 day simple moving average of $21.27 and a 200-day simple moving average of $22.09. The firm has a market capitalization of $999.91 million, a PE ratio of 43.46 and a beta of 2.00. GMS has a 1 year low of $10.39 and a 1 year high of $32.42.

GMS (NYSE:GMS) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04. The business had revenue of $770.90 million during the quarter, compared to analyst estimates of $734.20 million. GMS had a return on equity of 18.36% and a net margin of 0.72%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 earnings per share. On average, equities research analysts expect that GMS will post 2.28 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. LSV Asset Management boosted its position in shares of GMS by 0.3% during the fourth quarter. LSV Asset Management now owns 146,400 shares of the company’s stock worth $3,964,000 after buying an additional 400 shares during the period. Citigroup Inc. boosted its position in shares of GMS by 1.4% during the fourth quarter. Citigroup Inc. now owns 31,084 shares of the company’s stock worth $842,000 after buying an additional 428 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of GMS by 1.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 33,577 shares of the company’s stock worth $909,000 after buying an additional 493 shares during the period. Martingale Asset Management L P boosted its position in shares of GMS by 0.8% during the fourth quarter. Martingale Asset Management L P now owns 62,448 shares of the company’s stock worth $1,692,000 after buying an additional 499 shares during the period. Finally, Mason Street Advisors LLC raised its stake in shares of GMS by 3.9% in the fourth quarter. Mason Street Advisors LLC now owns 14,688 shares of the company’s stock valued at $398,000 after acquiring an additional 549 shares in the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

About GMS

GMS Inc distributes wallboards, suspended ceilings systems, and related construction products in the United States and Canada. The company offers wallboard products; and 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.

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Analyst Recommendations for GMS (NYSE:GMS)

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