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GMS Inc (NYSE:GMS). stock reached an all-time high of 109.7 USD, marking a significant milestone for the $4.17 billion market cap company. According to InvestingPro analysis, the stock is currently trading above its Fair Value, with a P/E ratio of 36.86. Over the past year, GMS Inc. has experienced a notable increase in its stock value, with a 1-year change of 24.72%. This upward trend reflects the company’s strong performance, generating $5.51 billion in revenue, and positive market sentiment. InvestingPro analysis reveals that the RSI suggests the stock is in overbought territory, one of 15+ valuable insights available to subscribers. The achievement of an all-time high underscores investor confidence and the company’s robust growth trajectory. As GMS Inc. continues to expand its market presence, the stock’s performance will be closely watched by analysts and investors alike. Discover comprehensive analysis and detailed valuation metrics in the exclusive GMS Pro Research Report, available on InvestingPro.
In other recent news, GMS Inc. has agreed to be acquired by Home Depot (NYSE:HD) for $110 per share, surpassing a previous offer of $95.20 per share from QXO. This acquisition is part of Home Depot’s strategy to expand its market share by adding GMS’s offerings to its specialty trade distribution platform. RBC Capital and Truist Securities have both adjusted their price targets for GMS to $110, aligning with the acquisition offer, while maintaining their respective Sector Perform and Hold ratings. Fitch Ratings has affirmed Home Depot’s ’A’ rating, noting that the acquisition will slightly increase the company’s leverage but aligns with its growth strategy.
TD Cowen reiterated its Buy rating on Home Depot, highlighting the acquisition as a continuation of the company’s M&A strategy to build a broader professional ecosystem. The deal is expected to be accretive, with Home Depot planning to resume share repurchases in fiscal year 2026. DA Davidson also commented on the acquisition, noting the 16% premium over QXO’s bid and maintaining a Neutral rating on GMS with a $110 price target. The acquisition is projected to close by the end of Home Depot’s fiscal year ending January 2026, with Fitch forecasting a modest delay in Home Depot’s deleveraging trajectory.
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