GMR Solutions Inc. (NYSE:GMRS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

GMR Solutions Inc. (NYSE:GMRS) has received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $22.25.

Several brokerages recently commented on GMRS. The Goldman Sachs Group set a $35.00 price target on GMR Solutions and gave the company a “buy” rating in a research note on Monday. Evercore initiated coverage on GMR Solutions in a report on Sunday. They issued an “outperform” rating and a $20.00 target price for the company. Barclays initiated coverage on GMR Solutions in a report on Monday. They issued an “overweight” rating for the company. Morgan Stanley initiated coverage on GMR Solutions in a report on Monday. They issued a “neutral” rating and a $14.00 target price for the company. Finally, Wall Street Zen upgraded GMR Solutions to a “hold” rating in a report on Saturday, May 23rd.

GMR Solutions Trading Up 0.4%

Shares of NYSE GMRS opened at $10.94 on Monday. GMR Solutions has a 52 week low of $10.26 and a 52 week high of $15.00.

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