GMR Solutions Inc. (NYSE:GMRS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of GMR Solutions Inc. (NYSE:GMRS) have received a consensus rating of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $18.6667.

Several research firms recently weighed in on GMRS. Citigroup started coverage on shares of GMR Solutions in a report on Sunday, June 7th. They set a “buy” rating and a $17.00 target price on the stock. Morgan Stanley began coverage on GMR Solutions in a research report on Monday, June 8th. They set an “equal weight” rating and a $14.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of GMR Solutions in a research report on Monday, June 8th. They issued an “overweight” rating and a $15.00 price objective for the company. Barclays initiated coverage on shares of GMR Solutions in a research note on Monday, June 8th. They set an “overweight” rating and a $16.00 price objective on the stock. Finally, Wall Street Zen raised shares of GMR Solutions to a “hold” rating in a research report on Saturday, May 23rd.

GMR Solutions Stock Performance

NYSE GMRS opened at $13.57 on Friday. GMR Solutions has a one year low of $10.26 and a one year high of $15.98. The firm has a 50 day simple moving average of $13.55. The company has a debt-to-equity ratio of 5.50, a current ratio of 2.01 and a quick ratio of 2.01. The stock has a market capitalization of $733.05 million and a price-to-earnings ratio of -8.70.

GMR Solutions (NYSE:GMRS) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($1.84) earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($2.22). The business had revenue of $1.49 billion for the quarter. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Sell-side analysts forecast that GMR Solutions will post 1.29 EPS for the current fiscal year.

Institutional Trading of GMR Solutions

Large investors have recently modified their holdings of the business. Two Sigma Securities LLC purchased a new stake in shares of GMR Solutions during the second quarter worth about $169,000. Premier Path Wealth Partners LLC acquired a new position in shares of GMR Solutions in the 2nd quarter valued at approximately $348,000. Finally, Alyeska Investment Group L.P. purchased a new position in shares of GMR Solutions during the 2nd quarter valued at approximately $36,817,000.

GMR Solutions Company Profile

GMR Solutions Inc is a provider of emergency medical services delivering EMS and other essential out-of-hospital care in rural and urban communities. GMR Solutions Inc is based in Lewisville, Texas.