Barclays set a $25.00 target price on GMS (NYSE:GMS) in a research report report published on Tuesday, The Fly reports. The firm currently has a buy rating on the stock.

GMS has been the topic of a number of other research reports. Zacks Investment Research upgraded GMS from a hold rating to a buy rating and set a $18.00 target price on the stock in a report on Thursday, November 1st. TheStreet cut GMS from a c- rating to a d+ rating in a report on Wednesday, October 24th. ValuEngine cut GMS from a sell rating to a strong sell rating in a report on Thursday, October 4th. Raymond James increased their price target on GMS from $31.00 to $33.00 and gave the stock a buy rating in a research note on Friday, August 31st. Finally, Nomura increased their price target on GMS from $36.00 to $37.00 and gave the stock a buy rating in a research note on Friday, August 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. GMS has a consensus rating of Buy and an average target price of $32.10.

Shares of NYSE:GMS opened at $18.20 on Tuesday. The firm has a market cap of $709.56 million, a price-to-earnings ratio of 9.05, a P/E/G ratio of 0.75 and a beta of 2.17. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.93 and a current ratio of 2.75. GMS has a one year low of $14.89 and a one year high of $39.98.

GMS (NYSE:GMS) last announced its earnings results on Tuesday, December 4th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.06). The company had revenue of $833.80 million for the quarter, compared to analyst estimates of $830.54 million. GMS had a net margin of 2.23% and a return on equity of 17.36%. GMS’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 EPS. As a group, equities research analysts forecast that GMS will post 3.29 earnings per share for the current year.

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

Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted 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 during the period. Raymond James & Associates purchased a new position in shares of GMS during the 2nd quarter worth $216,000. PEAK6 Investments LLC purchased a new position in shares of GMS during the 3rd quarter worth $217,000. Verition Fund Management LLC purchased a new position in shares of GMS during the 3rd quarter worth $250,000. Finally, California Public Employees Retirement System lifted 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 during the period. 74.69% of the stock is currently owned by institutional investors.

GMS Company Profile

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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