In a report released today, Sam Darkatsh from Raymond James maintained a Hold rating on GMS (GMS – Research Report). The company’s shares closed last Thursday at $45.10, close to its 52-week high of $47.11.
According to TipRanks.com, Darkatsh is a 4-star analyst with an average return of 6.0% and a 53.8% success rate. Darkatsh covers the Industrial Goods sector, focusing on stocks such as Beacon Roofing Supply, Genuine Parts Company, and Wesco International.
GMS has an analyst consensus of Hold, with a price target consensus of $50.67.
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GMS’s market cap is currently $1.84B and has a P/E ratio of 61.30. The company has a Price to Book ratio of -13.43.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GMS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
GMS, Inc. is a holding company, which engages in the distribution of wallboard and suspended ceilings systems and complementary interior construction products. It operates through the following segments: Geographic Divisions, Other, and Corporate. The Geographic Divisions segment comprises the Central, Midwest, Northeast, Southern, Southeast, Western, and Canada. The Other segment distributes tools through Tool Source Warehouse, Inc. The Corporate segment includes the corporate office building and support services provided to its subsidiaries. Its products include accessories, acoustical ceilings, drywall, fiberglass reinforced panels, insulation, joint treatment, steel studs, and tools. The company was founded by Richard K. Mueller and Richard A. Whitcomb in 1971 and is headquartered in Tucker, GA.
