Brokerages Set GMR Solutions Inc. (NYSE:GMRS) Target Price at $18.67

GMR Solutions Inc. (NYSE:GMRS) has earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $18.6667.

Several analysts have commented on GMRS shares. The Goldman Sachs Group set a $30.00 price objective on GMR Solutions in a report on Tuesday, August 18th. Wall Street Zen upgraded GMR Solutions to a “hold” rating in a research report on Saturday, May 23rd. Bank of America began coverage on GMR Solutions in a research report on Monday, June 8th. They set a “buy” rating and a $18.00 target price on the stock. Barclays began coverage on shares of GMR Solutions in a report on Monday, June 8th. They issued an “overweight” rating and a $16.00 price target for the company. Finally, Citigroup began coverage on shares of GMR Solutions in a research report on Sunday, June 7th. They set a “buy” rating and a $17.00 price objective for the company.

GMR Solutions Stock Up 1.7%

GMRS stock opened at $12.91 on Friday. The stock’s 50-day moving average price is $13.61. The company has a debt-to-equity ratio of 5.50, a quick ratio of 2.01 and a current ratio of 2.01. GMR Solutions has a 52-week low of $10.26 and a 52-week high of $15.98. The stock has a market cap of $697.42 million and a price-to-earnings ratio of -8.28.

GMR Solutions (NYSE:GMRS) last posted its earnings results on Wednesday, August 12th. The company reported ($1.84) EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($2.22). The firm had revenue of $1.49 billion during the quarter. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts anticipate that GMR Solutions will post 1.29 earnings per share for the current fiscal year.

Institutional Trading of GMR Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. Two Sigma Securities LLC purchased a new position in GMR Solutions in the 2nd quarter valued at about $169,000. Premier Path Wealth Partners LLC purchased a new stake in GMR Solutions during the 2nd quarter worth approximately $348,000. Readystate Asset Management LP purchased a new stake in GMR Solutions during the 2nd quarter worth approximately $12,936,000. Finally, Alyeska Investment Group L.P. acquired a new position in shares of GMR Solutions during the second quarter valued at approximately $36,817,000.

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.