JPMorgan Chase & Co. Issues Positive Forecast for GMR Solutions (NYSE:GMRS) Stock Price

Key Points

• JPMorgan raised GMR Solutions’ price target to $16 from $15 and maintained an “overweight” rating, implying 24.8% upside from the prior close.
• Analyst sentiment is generally favorable: MarketBeat reports a “Moderate Buy” consensus rating and an average price target of $18.78, with targets ranging from $18 to $30 among recent analysts.
• GMR Solutions reported a quarterly loss of $1.84 per share, missing the $0.38 consensus estimate, while revenue rose 3.3% year over year to $1.49 billion. The stock recently traded at $12.82, with a 12-month range of $10.26 to $15.98.

GMR Solutions (NYSE:GMRS - Get Free Report) had its target price boosted by research analysts at JPMorgan Chase & Co. from $15.00 to $16.00 in a research report issued on Friday, Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 24.80% from the stock's previous close.

A number of other equities analysts have also recently commented on the stock. The Goldman Sachs Group set a $30.00 target price on shares of GMR Solutions in a research report on Tuesday, August 18th. Bank of America initiated coverage on shares of GMR Solutions in a research report on Monday, June 8th. They set a "buy" rating and a $18.00 price target for the company. Needham & Company LLC set a $18.00 price objective on GMR Solutions in a research note on Monday, June 8th. Wall Street Zen upgraded GMR Solutions to a "hold" rating in a report on Saturday, May 23rd. Finally, Evercore raised 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. One investment 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 assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $18.78.

GMR Solutions Stock Performance

GMR Solutions stock traded up $0.35 during mid-day trading on Friday, reaching $12.82. The company's stock had a trading volume of 193,714 shares, compared to its average volume of 801,988. GMR Solutions has a 12-month low of $10.26 and a 12-month high of $15.98. The firm has a market cap of $692.54 million and a P/E ratio of -8.22. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 5.50. The stock has a fifty day moving average of $13.35.

GMR Solutions (NYSE:GMRS - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported ($1.84) EPS for the quarter, missing the consensus estimate of $0.38 by ($2.22). The business had revenue of $1.49 billion during the quarter. The firm's quarterly revenue was up 3.3% on a year-over-year basis. On average, research analysts predict that GMR Solutions will post 1.29 EPS for the current fiscal year.

Institutional Trading of GMR Solutions

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

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.

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