GMR Solutions (NYSE:GMRS) Price Target Raised to $16.00

GMR Solutions (NYSE:GMRS) had its price objective boosted by JPMorgan Chase & Co. from $15.00 to $16.00 in a research note published on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts also recently commented on the stock. UBS Group started coverage on shares of GMR Solutions in a research report on Monday, June 8th. They issued a “buy” rating and a $20.00 target price on the stock. Weiss Ratings initiated coverage on GMR Solutions in a research note on Friday, August 14th. They set a “sell (d)” rating for the company. Needham & Company LLC set a $18.00 price objective on shares of GMR Solutions in a research note on Monday, June 8th. The Goldman Sachs Group set a $30.00 target price on GMR Solutions in a research report on Tuesday, August 18th. Finally, Bank of America assumed coverage on GMR Solutions in a report on Monday, June 8th. They issued a “buy” rating and a $18.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $18.78.

GMR Solutions Trading Up 0.2%

Shares of GMRS stock opened at $12.81 on Friday. The firm has a market capitalization of $692.00 million and a P/E ratio of -8.21. The stock’s fifty day moving average price is $13.31. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 5.50. GMR Solutions has a 12 month low of $10.26 and a 12 month high of $15.98.

GMR Solutions (NYSE:GMRS) last posted its quarterly 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 during the quarter. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts forecast that GMR Solutions will post 1.29 EPS for the current year.

Institutional Trading of GMR Solutions

Several institutional investors have recently made changes to their positions in GMRS. Alyeska Investment Group L.P. acquired a new position in GMR Solutions in the second quarter valued at $36,817,000. Two Sigma Securities LLC acquired a new stake in GMR Solutions during the second quarter worth about $169,000. Premier Path Wealth Partners LLC purchased a new position in shares of GMR Solutions in the 2nd quarter worth about $348,000. Readystate Asset Management LP purchased a new position in shares of GMR Solutions in the 2nd quarter worth about $12,936,000. Finally, Citadel Advisors LLC acquired a new position in shares of GMR Solutions in the 2nd quarter valued at about $49,284,000.

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.