Barclays Issues Pessimistic Forecast for GMS (NYSE:GMS) Stock Price

GMS (NYSE:GMS) had its target price cut by Barclays from $80.00 to $71.00 in a report released on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

Other research analysts also recently issued reports about the stock. Truist Financial lowered their price objective on shares of GMS from $97.00 to $80.00 and set a “hold” rating on the stock in a research report on Friday, March 7th. 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, March 7th. Robert W. Baird decreased their target price on shares of GMS from $110.00 to $93.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Loop Capital boosted their target price on shares of GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a research report on Monday, November 25th. Finally, DA Davidson decreased their target price on shares of GMS from $94.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $80.50.

GMS Stock Performance

Shares of GMS opened at $70.50 on Monday. The company’s 50 day moving average price is $81.51 and its 200 day moving average price is $88.42. GMS has a 52 week low of $65.88 and a 52 week high of $105.54. The company has a market capitalization of $2.74 billion, a PE ratio of 12.96 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.

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

Institutional Trading of GMS

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

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.