GMR Solutions Inc. (NYSE:GMRS) Receives $18.67 Average Target Price from Analysts

Shares of GMR Solutions Inc. (NYSE:GMRS) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $18.6667.

Several research analysts have weighed in on the company. Weiss Ratings began coverage on GMR Solutions in a research report on Friday, August 14th. They issued a “sell (d)” rating on the stock. The Goldman Sachs Group set a $30.00 price objective on GMR Solutions in a research note on Tuesday, August 18th. JPMorgan Chase & Co. assumed coverage on GMR Solutions in a research report on Monday, June 8th. They set an “overweight” rating and a $15.00 target price for the company. Needham & Company LLC set a $18.00 target price on GMR Solutions in a research note on Monday, June 8th. Finally, Zacks Research raised shares of GMR Solutions to a “hold” rating in a report on Tuesday, June 9th.

Institutional Trading of GMR Solutions

Hedge funds have recently added to or reduced their stakes in the stock. Readystate Asset Management LP purchased a new position in GMR Solutions in the second quarter valued at about $12,936,000. Premier Path Wealth Partners LLC purchased a new stake in shares of GMR Solutions during the 2nd quarter worth approximately $348,000. Two Sigma Securities LLC purchased a new stake in shares of GMR Solutions during the 2nd quarter worth approximately $169,000. Finally, Alyeska Investment Group L.P. bought a new stake in shares of GMR Solutions in the 2nd quarter worth approximately $36,817,000.

GMR Solutions Stock Up 0.9%

GMR Solutions stock opened at $12.68 on Friday. GMR Solutions has a 52 week low of $10.26 and a 52 week high of $15.98. The business’s 50 day moving average price is $13.59. The company has a debt-to-equity ratio of 5.50, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market cap of $684.97 million and a PE ratio of -8.13.

GMR Solutions (NYSE:GMRS) last released its earnings results on Wednesday, August 12th. The company reported ($1.84) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($2.22). The firm had revenue of $1.49 billion during the quarter. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts anticipate that GMR Solutions will post 1.29 EPS for the current year.

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.