Robert W. Baird Has Lowered Expectations for GMS (NYSE:GMS) Stock Price

GMS (NYSE:GMS) had its target price lowered by equities research analysts at Robert W. Baird from $110.00 to $93.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 25.39% from the stock’s previous close.

GMS has been the topic of a number of other reports. Loop Capital upped their price objective on GMS from $85.00 to $93.00 and gave the company a “hold” rating in a report on Monday, November 25th. Barclays decreased their price objective on GMS from $93.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $86.00 target price (up previously from $78.00) on shares of GMS in a research report on Friday, December 6th. Truist Financial boosted their target price on GMS from $90.00 to $97.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Finally, DA Davidson cut their target price on GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a research report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, GMS presently has an average rating of “Hold” and an average target price of $83.71.

GMS Trading Up 1.7 %

GMS opened at $74.17 on Friday. GMS has a one year low of $65.88 and a one year high of $105.54. The stock has a market capitalization of $2.88 billion, a PE 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 $88.88. 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 released 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 business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.29 billion. As a group, equities research analysts expect that GMS will post 7.26 EPS for the current year.

Institutional Trading of GMS

Large investors have recently modified their holdings of the stock. AlphaQuest LLC increased its position in shares of GMS by 1,710.5% during the fourth quarter. AlphaQuest LLC now owns 344 shares of the company’s stock worth $29,000 after acquiring an additional 325 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of GMS during the fourth quarter worth $34,000. Blue Trust Inc. increased 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 acquiring an additional 285 shares during the period. Smartleaf Asset Management LLC increased 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 acquiring an additional 705 shares during the period. Finally, KBC Group NV increased its position in shares of GMS by 31.9% during the third quarter. KBC Group NV now owns 1,162 shares of the company’s stock worth $105,000 after acquiring an additional 281 shares during the period. Hedge funds and other institutional investors own 95.28% of the company’s stock.

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.