Analysts Set GMR Solutions Inc. (NYSE:GMRS) Price Target at $22.25

GMR Solutions Inc. (NYSE:GMRS) has earned an average recommendation of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $19.2222.

A number of analysts have weighed in on the stock. Citigroup assumed coverage on shares of GMR Solutions in a research note on Sunday, June 7th. They set a “buy” rating and a $17.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of GMR Solutions in a research note on Monday, June 8th. They set a “buy” rating and a $35.00 price objective for the company. Evercore upgraded shares of GMR Solutions to a “strong-buy” rating and set a $20.00 price objective for the company in a research note on Monday, June 8th. Bank of America assumed coverage on shares of GMR Solutions in a research note on Monday, June 8th. They set a “buy” rating and a $18.00 price objective for the company. Finally, Needham & Company LLC set a $18.00 price objective on shares of GMR Solutions in a research note on Monday.

GMR Solutions Stock Down 3.9%

Shares of GMRS opened at $12.41 on Monday. GMR Solutions has a fifty-two week low of $10.26 and a fifty-two week high of $15.00.

GMR Solutions (NYSE:GMRS) last announced its quarterly earnings data on Monday, June 1st. The company reported $999.00 earnings per share for the quarter. The business had revenue of $1.46 billion during the quarter.