Shares of GMS Inc (NYSE:GMS) have been given a consensus rating of “Buy” by the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $33.67.

Several research firms have recently weighed in on GMS. Royal Bank of Canada set a $25.00 price objective on GMS and gave the company a “buy” rating in a report on Thursday. Nomura lifted their price objective on GMS from $36.00 to $37.00 and gave the company a “buy” rating in a report on Friday, August 31st. ValuEngine cut GMS from a “sell” rating to a “strong sell” rating in a report on Thursday, October 4th. Barclays set a $25.00 price objective on GMS and gave the company a “buy” rating in a report on Tuesday. Finally, SunTrust Banks cut their target price on GMS to $26.00 and set a “buy” rating on the stock in a research note on Thursday. They noted that the move was a valuation call.

In other news, Director John J. Gavin bought 4,150 shares of the business’s stock in a transaction on Monday, September 10th. The shares were purchased at an average price of $24.13 per share, for a total transaction of $100,139.50. Following the purchase, the director now owns 16,966 shares of the company’s stock, valued at approximately $409,389.58. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 4.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its stake in shares of GMS by 1,452.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,652 shares of the company’s stock worth $132,000 after purchasing an additional 5,288 shares in the last quarter. Raymond James & Associates bought a new stake in shares of GMS during the 2nd quarter worth approximately $216,000. PEAK6 Investments LLC bought a new stake in shares of GMS during the 3rd quarter worth approximately $217,000. Verition Fund Management LLC bought a new stake in shares of GMS during the 3rd quarter worth approximately $250,000. Finally, California Public Employees Retirement System raised its stake in shares of GMS by 54.7% during the 2nd quarter. California Public Employees Retirement System now owns 12,063 shares of the company’s stock worth $327,000 after purchasing an additional 4,263 shares in the last quarter. Hedge funds and other institutional investors own 74.69% of the company’s stock.

Shares of NYSE:GMS traded down $0.69 during trading on Monday, hitting $17.51. 823,018 shares of the company’s stock traded hands, compared to its average volume of 508,379. GMS has a 52 week low of $14.89 and a 52 week high of $39.69. The company has a debt-to-equity ratio of 1.88, a current ratio of 2.75 and a quick ratio of 1.93. The stock has a market capitalization of $749.51 million, a PE ratio of 8.71, a price-to-earnings-growth ratio of 0.80 and a beta of 2.17.

GMS (NYSE:GMS) last released its quarterly earnings data on Tuesday, December 4th. The company reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.06). GMS had a net margin of 2.23% and a return on equity of 17.36%. The business had revenue of $833.80 million for the quarter, compared to the consensus estimate of $830.54 million. During the same quarter last year, the firm earned $0.51 EPS. The company’s revenue for the quarter was up 28.7% on a year-over-year basis. On average, research analysts expect that GMS will post 3.23 earnings per share for the current year.

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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