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.
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.
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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