GMS (GMS) is Reiterated by RBC Capital Mkts to Outperform, Raises Price Target to $ 28

GMS (GMS) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 28 from a previous price target of $27 . RBC Capital Mkts advised their investors in a research report released on Jul 13, 2016.

Many Wall Street Analysts have commented on GMS. Robert W. Baird Initiated GMS on Jun 20, 2016 to “Neutral”, Price Target of the shares are set at $25.GMS was Initiated by Credit Suisse to “Outperform” on Jun 20, 2016. GMS was Initiated by Raymond James to “Outperform” on Jun 20, 2016.

On the company’s financial health, GMS reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 12, 2016. Analyst had a consensus of $0.45. The company had revenue of $527.20 million for the quarter, compared to analysts expectations of $525.69 million. The company’s revenue was up 30.3% compared to the same quarter last year.


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