GMS (NYSE:GMS) Price Target Cut to $65.00 by Analysts at Royal Bank of Canada

GMS (NYSE:GMS) had its target price reduced by Royal Bank of Canada from $82.00 to $65.00 in a research report released on Friday morning,Benzinga reports. They currently have a sector perform rating on the stock.

A number of other brokerages also recently issued reports on GMS. Robert W. Baird reduced their price target on GMS from $110.00 to $93.00 and set an “outperform” rating on the stock in a report on Friday. Truist Financial reduced their price target on GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a report on Friday. Loop Capital boosted their price target on GMS from $85.00 to $93.00 and gave the company a “hold” rating in a report on Monday, November 25th. DA Davidson reduced their price target on GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a report on Friday, December 6th. Finally, Barclays reduced their price target on GMS from $93.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $83.71.

GMS Stock Up 1.7 %

GMS opened at $74.17 on Friday. The company has a market cap of $2.88 billion, a P/E ratio of 13.63 and a beta of 1.73. The business’s 50-day moving average price is $82.32 and its 200-day moving average price is $88.90. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. GMS has a 12 month low of $65.88 and a 12 month high of $105.54.

GMS (NYSE:GMS) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.47). GMS had a return on equity of 20.67% and a net margin of 3.92%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.29 billion. On average, equities analysts expect that GMS will post 7.26 EPS for the current year.

Institutional Trading of GMS

Large investors have recently bought and sold shares of the company. AlphaQuest LLC boosted its position in GMS by 1,710.5% during the 4th quarter. AlphaQuest LLC now owns 344 shares of the company’s stock valued at $29,000 after acquiring an additional 325 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of GMS in the 4th quarter worth approximately $34,000. Blue Trust Inc. boosted its position in shares of GMS by 71.3% in the 4th quarter. Blue Trust Inc. now owns 685 shares of the company’s stock worth $62,000 after purchasing an additional 285 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of GMS by 246.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 991 shares of the company’s stock worth $84,000 after purchasing an additional 705 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of GMS by 31.9% in the 3rd quarter. KBC Group NV now owns 1,162 shares of the company’s stock worth $105,000 after purchasing an additional 281 shares in the last quarter. 95.28% of the stock is owned by institutional investors.

GMS Company Profile

GMS Inc distributes wallboard, ceilings, steel framing and complementary construction products in the United States and Canada. The company offers 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.