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

GMR Solutions Inc. (NYSE:GMRS) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $19.2222.

Several research firms have issued reports on GMRS. Bank of America assumed coverage on GMR Solutions in a research note on Monday, June 8th. They set a “buy” rating and a $18.00 target price for the company. Wall Street Zen raised GMR Solutions to a “hold” rating in a research note on Saturday, May 23rd. JPMorgan Chase & Co. assumed coverage on GMR Solutions in a report on Monday, June 8th. They set an “overweight” rating and a $15.00 price target for the company. Morgan Stanley assumed coverage on GMR Solutions in a research report on Monday, June 8th. They set an “equal weight” rating and a $14.00 price objective for the company. Finally, Needham & Company LLC set a $18.00 price objective on shares of GMR Solutions in a report on Monday, June 8th.

GMR Solutions Stock Performance

GMR Solutions stock opened at $12.72 on Tuesday. The company has a 50 day moving average price of $13.03. The stock has a market cap of $687.03 million and a PE ratio of 45.43. GMR Solutions has a 1-year low of $10.26 and a 1-year high of $15.98.

GMR Solutions (NYSE:GMRS) last released its quarterly earnings results on Monday, June 1st. The company reported $0.28 EPS for the quarter. The firm had revenue of $1.46 billion for the quarter.