GMS (NYSE:GMS) Given New $80.00 Price Target at Loop Capital

GMS (NYSE:GMS) had its price objective decreased by Loop Capital from $93.00 to $80.00 in a research note published on Monday,Benzinga reports. Loop Capital currently has a hold rating on the stock.

A number of other research firms also recently issued reports on GMS. Royal Bank of Canada decreased their target price on shares of GMS from $82.00 to $65.00 and set a “sector perform” rating for the company in a research report on Friday. Barclays reduced their price target on shares of GMS from $80.00 to $71.00 and set an “equal weight” rating for the company in a research report on Monday. UBS Group set a $80.00 price target on shares of GMS in a research report on Friday. DA Davidson dropped their price objective on shares of GMS from $94.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Truist Financial dropped their price objective on shares of GMS from $97.00 to $80.00 and set a “hold” rating for the company in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $80.50.

GMS Stock Performance

GMS stock opened at $72.89 on Monday. The company has a market capitalization of $2.83 billion, a PE ratio of 13.40 and a beta of 1.73. The company has a 50 day moving average price of $82.08 and a 200-day moving average price of $88.71. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.23. GMS has a fifty-two week low of $65.88 and a fifty-two week high of $105.54.

GMS (NYSE:GMS) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.92 earnings per share (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 firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.29 billion. As a group, equities analysts forecast that GMS will post 7.26 earnings per share for the current year.

Institutional Investors Weigh In On GMS

A number of hedge funds and other institutional investors have recently modified their holdings of GMS. AlphaQuest LLC grew its holdings in GMS by 1,710.5% in the fourth quarter. AlphaQuest LLC now owns 344 shares of the company’s stock valued at $29,000 after purchasing an additional 325 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of GMS during the fourth quarter worth $34,000. Blue Trust Inc. lifted its position in shares of GMS by 71.3% during the fourth 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 lifted its position in shares of GMS by 246.5% during the fourth 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 raised its holdings in GMS by 31.9% in the third quarter. KBC Group NV now owns 1,162 shares of the company’s stock valued at $105,000 after acquiring an additional 281 shares in the last quarter. 95.28% of the stock is currently owned by hedge funds and other 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.