Baird analyst David Manthey maintains $GMS Inc (GMS.US)$ with a buy rating, and adjusts the target price from $115 to $110.
According to TipRanks data, the analyst has a success rate of 71.8% and a total average return of 17.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $GMS Inc (GMS.US)$'s main analysts recently are as follows:
A pressured end market trajectory into 2025, along with risk to price and mix, create a 'murky near-term setup' for the shares.
Analysts maintain a cautious outlook on GMS Inc., noting limited potential for near-term improvements in price and margins, as declines in organic volume might persist into 2025. Nonetheless, reductions in SG&A costs are expected to somewhat mitigate these challenges.
GMS Inc.'s second quarter results slightly missed expectations, mainly due to hurricane disruptions. For the third quarter, the company expects a continuation in the deceleration of multi-family and commercial segments and anticipates a sequential improvement in gross margins, though they will remain lower compared to the previous year.
Note:
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