Nomura analyst Mike Wood maintained a Hold rating on GMS (GMS) today and set a price target of $17.00. The company’s shares closed last Thursday at $14.72.
According to TipRanks.com, Wood is ranked 0 out of 5 stars with an average return of -7.5% and a 33.3% success rate. Wood covers the Industrial Goods sector, focusing on stocks such as Mueller Water Products, Masonite International, and Armstrong Flooring.
GMS has an analyst consensus of Moderate Buy, with a price target consensus of $21.14, a 49.8% upside from current levels. In a report issued on April 9, Robert W. Baird also maintained a Hold rating on the stock with a $16.00 price target.
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The company has a one-year high of $32.42 and a one-year low of $10.39. Currently, GMS has an average volume of 469.3K.
Based on the recent corporate insider activity of 21 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.
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