GMR Solutions Inc. (NYSE:GMRS) Receives Consensus Rating of “Moderate Buy” from Analysts

GMR Solutions Inc. (NYSE:GMRS) has been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $18.7778.

A number of analysts have recently commented on the company. Morgan Stanley started coverage on GMR Solutions in a research note on Monday, June 8th. They issued an “equal weight” rating and a $14.00 target price on the stock. The Goldman Sachs Group set a $30.00 price objective on shares of GMR Solutions in a research note on Tuesday, August 18th. Zacks Research upgraded shares of GMR Solutions to a “hold” rating in a research note on Tuesday, June 9th. Weiss Ratings initiated coverage on shares of GMR Solutions in a report on Friday, August 14th. They set a “sell (d)” rating on the stock. Finally, Citigroup assumed coverage on shares of GMR Solutions in a research report on Sunday, June 7th. They set a “buy” rating and a $17.00 price target on the stock.

Insider Buying and Selling at GMR Solutions

In related news, EVP Lisa Jacoba sold 92,680 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $12.20, for a total value of $1,130,696.00. Following the completion of the transaction, the executive vice president owned 198,603 shares of the company’s stock, valued at approximately $2,422,956.60. This represents a 31.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Brian Scott Tierney sold 265,794 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $12.20, for a total value of $3,242,686.80. Following the transaction, the chief financial officer owned 554,955 shares in the company, valued at $6,770,451. This represents a 32.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 2,353,423 shares of company stock worth $28,711,761.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Two Sigma Securities LLC purchased a new position in shares of GMR Solutions during the 2nd quarter valued at approximately $169,000. Premier Path Wealth Partners LLC acquired a new position in GMR Solutions during the second quarter worth $348,000. Squarepoint Ops LLC acquired a new position in GMR Solutions during the second quarter worth $801,000. State Street Corp purchased a new position in GMR Solutions during the second quarter valued at $2,542,000. Finally, HBK Investments L P purchased a new position in GMR Solutions during the second quarter valued at $3,092,000.

GMR Solutions Price Performance

Shares of GMR Solutions stock opened at $11.35 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 5.50. The business’s fifty day simple moving average is $12.97. GMR Solutions has a 1 year low of $10.26 and a 1 year high of $15.98. The stock has a market capitalization of $613.13 million and a PE ratio of -7.28.

GMR Solutions (NYSE:GMRS) last posted its earnings results on Wednesday, August 12th. The company reported ($1.84) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($2.22). The company had revenue of $1.49 billion for the quarter. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities analysts expect that GMR Solutions will post 1.2 EPS for the current year.

About GMR Solutions

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.