GMS (NYSE:GMS) had its target price raised by SunTrust Banks to $45.00 in a research note released on Monday. They currently have a buy rating on the stock. SunTrust Banks also issued estimates for GMS’s FY2018 earnings at $1.96 EPS, Q1 2019 earnings at $0.60 EPS, Q2 2019 earnings at $0.65 EPS, Q4 2019 earnings at $0.70 EPS and FY2019 earnings at $2.42 EPS.

GMS has been the topic of several other reports. Royal Bank of Canada reissued a buy rating and set a $46.00 target price on shares of GMS in a research note on Friday. Zacks Investment Research upgraded shares of GMS from a hold rating to a buy rating and set a $38.00 price target for the company in a research report on Wednesday, November 1st. ValuEngine downgraded shares of GMS from a buy rating to a hold rating in a research report on Friday, December 1st. Wells Fargo & Company initiated coverage on shares of GMS in a research report on Wednesday, October 18th. They set a market perform rating and a $38.00 price target for the company. Finally, Barclays set a $43.00 price target on shares of GMS and gave the stock a buy rating in a research report on Friday. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $39.63.

Shares of GMS (NYSE:GMS) traded up $0.40 during trading hours on Monday, reaching $38.97. 292,900 shares of the company were exchanged, compared to its average volume of 365,914. The company has a market capitalization of $1,582.56, a P/E ratio of 21.67, a price-to-earnings-growth ratio of 2.75 and a beta of 3.20. GMS has a 52 week low of $25.87 and a 52 week high of $39.98. The company has a quick ratio of 1.70, a current ratio of 2.62 and a debt-to-equity ratio of 1.06.

GMS (NYSE:GMS) last issued its quarterly earnings data on Thursday, December 7th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). GMS had a return on equity of 14.24% and a net margin of 2.26%. The business had revenue of $648.00 million during the quarter, compared to the consensus estimate of $662.03 million. During the same period last year, the firm earned $0.49 EPS. The business’s quarterly revenue was up 9.5% on a year-over-year basis. equities analysts anticipate that GMS will post 2.01 earnings per share for the current fiscal year.

In other news, CEO G Michael Callahan, Jr. sold 12,500 shares of GMS stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $34.73, for a total transaction of $434,125.00. Following the completion of the sale, the chief executive officer now directly owns 528,418 shares of the company’s stock, valued at approximately $18,351,957.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lynn Ross sold 1,894 shares of GMS stock in a transaction on Monday, September 25th. The stock was sold at an average price of $34.77, for a total transaction of $65,854.38. The disclosure for this sale can be found here. Insiders sold a total of 202,676 shares of company stock valued at $7,488,934 in the last three months. 5.90% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board purchased a new stake in shares of GMS in the second quarter valued at about $1,967,000. Koch Industries Inc. bought a new position in shares of GMS during the 2nd quarter valued at about $324,000. IndexIQ Advisors LLC boosted its position in shares of GMS by 83.3% during the 3rd quarter. IndexIQ Advisors LLC now owns 24,737 shares of the company’s stock valued at $876,000 after purchasing an additional 11,239 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of GMS by 22.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 137,316 shares of the company’s stock valued at $3,859,000 after purchasing an additional 24,747 shares in the last quarter. Finally, Parametrica Management Ltd bought a new position in shares of GMS during the 3rd quarter valued at about $548,000. Hedge funds and other institutional investors own 59.34% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/gms-gms-given-new-45-00-price-target-at-suntrust-banks/1759417.html.

GMS Company Profile

GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.

Analyst Recommendations for GMS (NYSE:GMS)

Receive News & Ratings for GMS Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GMS Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.