A statement released earlier today by Zacks Investment Research about GMS Inc (NYSE:GMS) bumps the target price to $24.00
- Updated: October 17, 2016
Displaying a price of $21.38, GMS Inc (NYSE:GMS) traded 0.61% higher on the day. The last stock close price is down -7.38% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. GMS Inc has recorded a 50-day average of $22.69 and a two hundred day average of $23.08. Trade Volume was down over the average, with 121,138 shares of GMS changing hands under the typical 144,931
Zacks Investment Research raised the target price of GMS Inc (NYSE:GMS) to $24.00 reporting a potential upside of 0.12%.
Previously on Wednesday October 05, 2016, Zacks Investment Research released a statement on GMS Inc (NYSE:GMS) upped the target price from $0.00 to $25.00. At the time, this indicated a possible upside of 0.13%.
Recent Performance Chart
GMS Inc has a PE ratio of 39.09 with a one year low of $19.28 and a 52 week high of $26.42 GMS Inc’s market capitalization is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 6 equity analysts have released a ratings update on GMS. The one year target is $26.17 with 0 brokers rating the stock a strong buy, 0 brokers rating the company a buy, zero analysts rating the company a hold, zero brokerages rating the company a underperform, and lastly zero equity analysts rating the company a sell.
Brief Synopsis About GMS Inc (NYSE:GMS)
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. Its Wallboard is a building product for interior and exterior walls and ceilings in residential and commercial structures. Its ceilings product line consists of suspended mineral fiber, soft fiber and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools and a range of other commercial and institutional buildings. Its steel framing product line consists of steel track, studs and various other steel products used to frame the interior walls of a commercial or institutional building. It supplies complementary products, including insulation, ready-mix-joint compound and various other interior construction products.
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