GMR Solutions (NYSE:GMRS) Stock Price Up 8.6% – Time to Buy?

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

Analysts Set New Price Targets

GMRS has been the subject of several research reports. Needham & Company LLC set a $18.00 price target on GMR Solutions in a report on Monday, June 8th. JPMorgan Chase & Co. initiated coverage on GMR Solutions in a report on Monday, June 8th. They issued an “overweight” rating and a $15.00 price objective on the stock. Wall Street Zen raised shares of GMR Solutions to a “hold” rating in a research report on Saturday, May 23rd. Evercore upgraded shares of GMR Solutions to a “strong-buy” rating and set a $20.00 target price for the company in a research note on Monday, June 8th. Finally, Bank of America assumed coverage on shares of GMR Solutions in a report on Monday, June 8th. They set a “buy” rating and a $18.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.22.

GMR Solutions Stock Performance

The stock has a market cap of $749.66 million and a price-to-earnings ratio of 49.57. The company has a debt-to-equity ratio of 23.39, a current ratio of 1.87 and a quick ratio of 1.87. The stock’s 50 day simple moving average is $13.32.

GMR Solutions (NYSE:GMRS) last released its earnings results on Wednesday, August 12th. The company reported ($1.84) earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($2.22). The business had revenue of $1.49 billion for the quarter. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts forecast that GMR Solutions Inc. will post 1.57 EPS 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.