GMS Inc (NYSE:GMS) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: September 16, 2016
Zacks Investment Research has downgraded GMS Inc(NYSE:GMS) to Hold in a statement released on 9/16/2016.
Previously on Thursday September 15 2016, Zacks Investment Research released a statement on GMS Inc(NYSE:GMS) raised the target price from $0.00 to $25.00 that indicated a possible upside of 0.11%.
Having a price of $22.46, GMS Inc (NYSE:GMS) traded 3.98% higher on the day. The last stock price close is down 3.80% from the two hundred day average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. GMS has registered a 50-day average of $23.77 and 200-day average of $23.35. Volume of trade was was up over the average, with 349,990 shares of GMS changing hands over the typical 149,392 shares.
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With a total market value of $0.0, GMS Inc has a PE of 59 with a one-year low of $19.28 and a one-year high of $26.42.
A total of 6 equity analysts have reported on GMS Inc. Zero rate the stock a strong buy, 0 rate the stock a buy, 0 analysts rate the company a hold, 0 rate the company to underperform, and finally 0 analystsrate the company as sell with an average target of $26.17
Brief Synopsis On 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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