GMR Solutions Inc. (NYSE:GMRS) Stock Has Consensus Price Target of $18.78

Shares of GMR Solutions Inc. (NYSE:GMRS) have been assigned an average rating of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $18.78.

GMRS has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of GMR Solutions from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, September 11th. The Goldman Sachs Group set a $30.00 price target on GMR Solutions in a research note on Tuesday, August 18th. Finally, Weiss Ratings assumed coverage on GMR Solutions in a research note on Friday, August 14th. They issued a “sell (d)” rating on the stock.

GMR Solutions Trading Up 7.8%

Shares of NYSE:GMRS opened at $12.28 on Thursday. The firm has a 50 day moving average price of $11.39. GMR Solutions has a 12 month low of $8.99 and a 12 month high of $15.98. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 5.50. The firm has a market cap of $663.37 million and a PE ratio of -7.87.

GMR Solutions (NYSE:GMRS) last posted its quarterly 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 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. On average, research analysts predict that GMR Solutions will post 1.68 EPS for the current fiscal year.

Insider Buying and Selling at GMR Solutions

In related news, CAO Jessica Hall sold 23,687 shares of the firm’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 $288,981.40. Following the sale, the chief accounting officer directly owned 62,566 shares of the company’s stock, valued at $763,305.20. This trade represents a 27.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Nicola Loporcaro sold 1,457,102 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $12.20, for a total value of $17,776,644.40. Following the completion of the sale, the chief executive officer directly owned 2,855,580 shares in the company, valued at $34,838,076. This trade represents a 33.79% decrease in their ownership of the stock. 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. Insiders sold 2,353,423 shares of company stock worth $28,711,761 over the last quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GMRS. Two Sigma Securities LLC acquired a new stake in shares of GMR Solutions in the 2nd quarter valued at approximately $169,000. State of Wyoming bought a new stake in shares of GMR Solutions during the 3rd quarter valued at approximately $137,000. Premier Path Wealth Partners LLC acquired a new position in GMR Solutions during the 2nd quarter worth approximately $348,000. Squarepoint Ops LLC acquired a new position in GMR Solutions during the 2nd quarter worth approximately $801,000. Finally, State Street Corp acquired a new position in GMR Solutions during the 2nd quarter worth approximately $2,542,000.

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.