GMR Solutions (NYSE:GMRS) Shares Up 8.6% – Should You Buy?

Shares of GMR Solutions Inc. (NYSE:GMRS) rose 8.6% on Wednesday . The company traded as high as $13.05 and last traded at $12.92. Approximately 556,280 shares changed hands during trading, a decline of 29% from the average daily volume of 780,096 shares. The stock had previously closed at $11.90.

Analyst Ratings Changes

GMRS has been the subject of a number of recent research reports. Barclays assumed coverage on shares of GMR Solutions in a research note on Monday, June 8th. They issued an “overweight” rating and a $16.00 price target for the company. Needham & Company LLC set a $18.00 price objective on shares of GMR Solutions in a report on Monday, June 8th. The Goldman Sachs Group started coverage on shares of GMR Solutions in a research report on Monday, June 8th. They set a “buy” rating and a $35.00 price objective for the company. UBS Group initiated coverage on GMR Solutions in a report on Monday, June 8th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Zacks Research upgraded GMR Solutions to a “hold” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, GMR Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $19.22.

GMR Solutions Stock Performance

The company has a market cap of $695.13 million and a price-to-earnings ratio of 45.96. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 23.39. The firm has a 50-day moving average of $13.22.

GMR Solutions (NYSE:GMRS) last posted its earnings results on Monday, June 1st. The company reported $0.28 EPS for the quarter. The company had revenue of $1.46 billion during the quarter. As a group, sell-side analysts predict that GMR Solutions Inc. will post 1.57 earnings per share for the current fiscal 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.