GMR Solutions (NYSE:GMRS) Stock Gets Price Target Trim from Citigroup

GMR Solutions (NYSE:GMRS) had its price target dropped by Citigroup from $17.00 to $15.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup‘s target price indicates a potential upside of 26.69% from the company’s current price.

A number of other analysts have also weighed in on GMRS. Weiss Ratings started coverage on GMR Solutions in a report on Friday, August 14th. They set a “sell (d)” rating for the company. JPMorgan Chase & Co. lifted their price target on GMR Solutions from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, September 11th. Finally, The Goldman Sachs Group set a $30.00 price target on GMR Solutions in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.56.

GMR Solutions Trading Up 7.7%

Shares of GMRS traded up $0.85 during mid-day trading on Wednesday, hitting $11.84. The company’s stock had a trading volume of 1,181,542 shares, compared to its average volume of 906,538. The company has a 50-day moving average price of $11.33. GMR Solutions has a 52-week low of $8.99 and a 52-week high of $15.98. The company has a market cap of $639.62 million and a price-to-earnings ratio of -7.59. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 5.50.

GMR Solutions (NYSE:GMRS) last released its quarterly earnings data on Monday, November 9th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.17. The business had revenue of $1.60 billion for the quarter. As a group, sell-side analysts predict that GMR Solutions will post 1.68 earnings per share for the current fiscal year.

Insider Transactions at GMR Solutions

In related news, COO Horne Edward Van sold 262,278 shares of the business’s 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 $3,199,791.60. Following the completion of the transaction, the chief operating officer owned 575,004 shares in the company, valued at $7,015,048.80. The trade was a 31.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Brian Scott Tierney sold 265,794 shares of the 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 $3,242,686.80. Following the sale, the chief financial officer directly owned 554,955 shares of the company’s stock, valued at $6,770,451. The trade was a 32.38% decrease in their position. 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 90 days, insiders have sold 2,353,423 shares of company stock worth $28,711,761.

Institutional Trading of GMR Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in GMRS. Royce & Associates LP purchased a new position in GMR Solutions during the 3rd quarter worth $123,000. State of Wyoming purchased a new stake in shares of GMR Solutions during the third quarter worth about $137,000. Two Sigma Securities LLC purchased a new stake in shares of GMR Solutions during the second quarter worth about $169,000. Premier Path Wealth Partners LLC acquired a new position in shares of GMR Solutions during the second quarter valued at about $348,000. Finally, Squarepoint Ops LLC acquired a new position in shares of GMR Solutions during the second quarter valued at about $801,000.

About GMR Solutions

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.