GMS (NYSE:GMS) Given New $71.00 Price Target at Barclays

GMS (NYSE:GMS) had its target price lowered by Barclays from $80.00 to $71.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research analysts also recently commented on GMS. Royal Bank of Canada dropped their price target on GMS from $82.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Friday. DA Davidson cut their target price on shares of GMS from $94.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday. Truist Financial decreased their price target on shares of GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a research report on Friday. Loop Capital upped their price objective on shares of GMS from $85.00 to $93.00 and gave the company a “hold” rating in a research report on Monday, November 25th. Finally, Robert W. Baird decreased their target price on GMS from $110.00 to $93.00 and set an “outperform” rating on the stock in a research report on Friday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, GMS presently has an average rating of “Hold” and an average price target of $80.50.

GMS Stock Down 1.5 %

GMS opened at $72.89 on Monday. The firm has a market cap of $2.83 billion, a P/E ratio of 13.40 and a beta of 1.73. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. The business has a 50 day moving average price of $82.08 and a 200 day moving average price of $88.71. GMS has a twelve month low of $65.88 and a twelve month high of $105.54.

GMS (NYSE:GMS) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.47). GMS had a return on equity of 20.67% and a net margin of 3.92%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.29 billion. Research analysts forecast that GMS will post 7.26 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GMS. FMR LLC lifted its position in shares of GMS by 38.7% during the 4th quarter. FMR LLC now owns 5,868,782 shares of the company’s stock worth $497,849,000 after buying an additional 1,636,612 shares during the period. Pacer Advisors Inc. acquired a new position in GMS during the fourth quarter worth $109,277,000. Coliseum Capital Management LLC lifted its holdings in shares of GMS by 135.0% during the fourth quarter. Coliseum Capital Management LLC now owns 1,889,489 shares of the company’s stock valued at $160,285,000 after acquiring an additional 1,085,551 shares during the period. Granite Investment Partners LLC acquired a new stake in shares of GMS in the 4th quarter valued at $11,913,000. Finally, Weiss Asset Management LP bought a new stake in shares of GMS in the 3rd quarter worth about $12,490,000. Institutional investors own 95.28% of the company’s stock.

About GMS

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.