StockNews.com Adjusts GMS Rating to Buy

On a recent Friday, investment analysts at StockNews.com revised their rating for GMS (NYSE:GMS), changing the classification from a 'strong-buy' to a 'buy' status. This shift in opinion was communicated in an investor notice and signifies a change in the company's perceived investment appeal.

Market Analysts Comment on GMS

Several other equity research experts have shared insights on GMS. Stephens incremented their price objective on GMS from $85.00 to $87.00 and maintained an 'overweight' rating. Robert W. Baird increased their target price on GMS from $76.00 to $83.00. Loop Capital updated their price goal on the stock from $72.00 to $74.00 and gave it a 'hold' rating. Royal Bank of Canada reaffirmed a 'sector perform' rating, attaching a $68.00 target price on GMS. On another note, DA Davidson began covering GMS, recommending a 'buy' rating with an $82.00 price target. Collectively, the company has received three 'hold' ratings and four 'buy' ratings from analysts. MarketBeat data reveals that GMS carries a 'Moderate Buy' consensus rating with an average price objective of $77.88.

Performance and Ownership of GMS

On the date of the announcement, GMS started trading at $63.61. The company has established a 50-day simple moving average of $62.07, and a 200-day simple moving average of $65.71. GMS upholds a current ratio of 2.37, a quick ratio of 1.47, and a debt-to-equity ratio of 0.77. Its market capitalization sits at $2.58 billion, with a P/E ratio of 8.12 and a beta of 1.80. GMS has seen a 52-week low of $46.50 and a 52-week high of $76.14.

In its latest earnings disclosure, GMS reported a quarterly EPS of $2.40, narrowly surpassing the consensus estimate by $0.01. The firm’s return on equity was 30.62% with a net margin of 6.14%, yielding quarterly revenue of $1.41 billion against the anticipated $1.38 billion. Comparing year-over-year, the firm's revenue saw an increase of 3.7%. For the current fiscal year, analysts project that GMS will generate an EPS of 8.05.

Institutional Investors and GMS

In recent movements, DB (Deutsche Bank AG) raised its stake in GMS by 58.3%, now owning 270,444 shares valued at approximately $17,300,000. Charles Schwab Investment Management Inc. from SCHW (The Charles Schwab Corporation) moderately increased its investment in GMS by 1.7%, now holding 545,994 shares. Other major investors such as Massachusetts Financial Services Co. MA have also augmented their holdings in GMS, alongside Swiss National Bank, solidifying the stock’s backing from hedge funds and institutional investors which account for 97.88% of its stock ownership.

About GMS

GMS Inc., headquartered in Tucker, Georgia, specializes in distributing wall panels, suspended ceiling systems, and various building products across the United States and Canada.

About SCHW and DB

The Charles Schwab Corporation SCHW, incorporated in the United States, delivers a comprehensive array of financial services such as banking, trades, and wealth management advisories to a broad client base. Deutsche Bank Aktiengesellschaft DB, headquartered in Frankfurt, Germany, extends investment and financial services globally. It caters to individuals, corporate entities, and institutions alike.

Investment, Finance, Ratings