Shares of GMS Inc. (NYSE:GMS) have been assigned an average rating of “Buy” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $36.83.

Several analysts recently issued reports on the stock. Robert W. Baird restated a “buy” rating and set a $37.00 target price on shares of GMS in a research report on Monday, October 9th. Wells Fargo & Company assumed coverage on shares of GMS in a research report on Wednesday, October 18th. They set a “market perform” rating and a $38.00 target price for the company. Royal Bank Of Canada restated a “buy” rating and set a $39.00 target price on shares of GMS in a research report on Tuesday, October 10th. Finally, Zacks Investment Research upgraded shares of GMS from a “sell” rating to a “hold” rating in a research report on Monday, September 4th.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this piece of content can be accessed at https://theolympiareport.com/2017/11/01/brokerages-set-gms-inc-gms-price-target-at-36-83.html.

GMS (NYSE:GMS) last announced its earnings results on Wednesday, September 6th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $642.20 million during the quarter, compared to analyst estimates of $645.19 million. GMS had a net margin of 2.28% and a return on equity of 14.13%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 earnings per share.

In other GMS news, insider Lynn Ross sold 1,894 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $34.77, for a total value of $65,854.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO G Michael Callahan, Jr. sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $34.52, for a total transaction of $431,500.00. Following the completion of the transaction, the chief executive officer now owns 528,418 shares of the company’s stock, valued at $18,240,989.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,894 shares of company stock valued at $931,479. Company insiders own 5.90% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of GMS. Russell Investments Group Ltd. bought a new position in shares of GMS in the first quarter worth approximately $627,000. Bank of New York Mellon Corp boosted its position in shares of GMS by 49.4% in the first quarter. Bank of New York Mellon Corp now owns 45,055 shares of the company’s stock worth $1,578,000 after purchasing an additional 14,893 shares during the period. Swiss National Bank boosted its position in shares of GMS by 174.8% in the first quarter. Swiss National Bank now owns 37,100 shares of the company’s stock worth $1,300,000 after purchasing an additional 23,600 shares during the period. JPMorgan Chase & Co. boosted its position in shares of GMS by 415.8% in the first quarter. JPMorgan Chase & Co. now owns 44,811 shares of the company’s stock worth $1,570,000 after purchasing an additional 36,124 shares during the period. Finally, American International Group Inc. boosted its position in shares of GMS by 7.0% in the first quarter. American International Group Inc. now owns 4,377 shares of the company’s stock worth $153,000 after purchasing an additional 288 shares during the period. Institutional investors and hedge funds own 56.11% of the company’s stock.

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.