GMR Solutions Inc. (GMRS) – What Are Brokerages Saying About This Stock?

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

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

GMR Solutions Trading Down 3.0%

GMR Solutions stock opened at $10.40 on Friday. The business’s fifty day moving average is $12.08. GMR Solutions has a 52-week low of $8.99 and a 52-week high of $15.98. The company has a debt-to-equity ratio of 5.50, a current ratio of 2.01 and a quick ratio of 2.01.

GMR Solutions (NYSE:GMRS) last released its quarterly 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 during the quarter. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts predict that GMR Solutions will post 1.68 EPS for the current year.

Insider Activity

In other news, EVP Lisa Jacoba sold 92,680 shares of GMR Solutions stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $12.20, for a total value of $1,130,696.00. Following the sale, the executive vice president directly owned 198,603 shares in the company, valued at $2,422,956.60. This trade represents a 31.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 GMR Solutions stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $12.20, for a total transaction of $17,776,644.40. Following the completion of the sale, the chief executive officer 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. Over the last quarter, insiders have sold 2,353,423 shares of company stock worth $28,711,761.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new stake in GMR Solutions in the 2nd quarter valued at $49,284,000. Alyeska Investment Group L.P. bought a new stake in GMR Solutions during the 2nd quarter worth about $36,817,000. Readystate Asset Management LP acquired a new position in shares of GMR Solutions during the 2nd quarter worth about $12,936,000. Steamboat Capital Partners LLC acquired a new position in shares of GMR Solutions during the 2nd quarter worth about $9,184,000. Finally, HBK Investments L P acquired a new position in shares of GMR Solutions during the 2nd quarter worth about $3,092,000.

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.