A statement released earlier today by Zacks Investment Research about GMS Inc (NYSE:GMS) bumps the target price to $25.00
- Updated: September 15, 2016
GMS Inc (NYSE:GMS) had its target price bumped up to $25 by Zacks Investment Research in an issued report released 9/15/2016. The increased target price implies a potential upside of 0.11% from the company’s previous closing price.
Previously on 9/14/2016, RBC Capital Markets released a statement for GMS Inc(NYSE:GMS) dropped the target price from $28.00 to $26.00. At the time, this suggested an upside of 0.21%.
Yesterday GMS Inc (NYSE:GMS) traded 3.98% higher at $22.46. The company’s 50-day moving average is $23.77 and its 200-day moving average is $23.35. With the last stock price close down 3.80% from the 200-day moving average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Volume of trade was was up over the average, with 349,990 shares of GMS changing hands over the typical 149,392 shares..
With a total market value of $0.0, GMS Inc has a price-earnings of 59 with a one-year low of $19.28 and a one-year high of $26.42.
A total of 6 brokerages have released a report on GMS. Zero rate the company a strong buy, 0 rate the stock a buy, 0 analysts rate the company a hold, 0 rate the stock to underperform, and lastly 0 firmsrate the company as sell with a one year target of $26.17
More 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, and ready-mix-joint compound and various other interior construction products.
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