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What is Wall Street's Target Price for GMS Inc (GMS) Stock Monday?

Monday, June 27, 2022 03:30 PM | InvestorsObserver Analysts

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What is Wall Street's Target Price for GMS Inc (GMS) Stock Monday?

InvestorsObserver is giving GMS Inc (GMS) an Analyst Rating Rank of 41, meaning GMS is ranked higher by analysts than 41% of stocks. The average price target for GMS is $63.714 and analyst’s rate the stock as a Strong Buy.

Overall Score - 4.2
Wall Street analysts are rating GMS a Strong Buy today. Find out what this means to you and get the rest of the rankings on GMS!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With GMS Inc Stock Today?

GMS Inc (GMS) stock has risen 3.13% while the S&P 500 is lower by -0.23% as of 3:20 PM on Monday, Jun 27. GMS has risen $1.39 from the previous closing price of $44.41 on volume of 256,746 shares. Over the past year the S&P 500 is lower by -9.04% while GMS is lower by -5.66%. GMS earned $5.25 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 8.72. Click Here to get the full Stock Report for GMS Inc stock.

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