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

Key Points

• Analysts assign GMRS a “Moderate Buy” consensus: Six of ten analysts rate the stock a buy and one rates it a strong buy, with an average 12-month price target of $18.78.
• Insiders sold heavily: Company insiders sold approximately 2.35 million shares worth $28.7 million over the past 90 days, reportedly to cover tax withholding obligations tied to equity awards.
• Recent performance was mixed: GMR Solutions reported quarterly EPS of negative $1.84, missing the $0.38 consensus estimate, while revenue rose 3.3% year over year to $1.49 billion. Shares opened at $12.75, within a 12-month range of $10.26 to $15.98.

Shares of GMR Solutions Inc. (NYSE:GMRS - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $18.7778.

Several analysts recently issued reports on the company. Citigroup started coverage on GMR Solutions in a research note on Sunday, June 7th. They issued a "buy" rating and a $17.00 price target for the company. JPMorgan Chase & Co. increased their price objective on GMR Solutions from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, September 11th. Evercore raised GMR Solutions to a "strong-buy" rating and set a $20.00 target price for the company in a report on Monday, June 8th. The Goldman Sachs Group set a $30.00 target price on shares of GMR Solutions in a research report on Tuesday, August 18th. Finally, Wall Street Zen upgraded shares of GMR Solutions to a "hold" rating in a research note on Saturday, May 23rd.

Insider Transactions at GMR Solutions

In other news, CFO Brian Scott Tierney sold 265,794 shares of the firm'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 $3,242,686.80. Following the transaction, the chief financial officer directly owned 554,955 shares of the company's stock, valued at approximately $6,770,451. This trade represents a 32.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Jessica Hall sold 23,687 shares of GMR Solutions 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 $288,981.40. Following the completion of the sale, the chief accounting officer owned 62,566 shares of the company's stock, valued at approximately $763,305.20. The trade was a 27.46% decrease in their ownership of the stock. 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 ninety days, insiders have sold 2,353,423 shares of company stock worth $28,711,761.

Hedge Funds Weigh In On GMR Solutions

A number of hedge funds have recently added to or reduced their stakes in GMRS. Two Sigma Securities LLC bought a new stake in shares of GMR Solutions during the 2nd quarter valued at $169,000. Premier Path Wealth Partners LLC bought a new position in shares of GMR Solutions in the second quarter worth $348,000. Squarepoint Ops LLC acquired a new position in GMR Solutions in the second quarter valued at about $801,000. Steamboat Capital Partners LLC bought a new stake in GMR Solutions during the second quarter worth about $9,184,000. Finally, Readystate Asset Management LP acquired a new stake in GMR Solutions during the second quarter worth about $12,936,000.

More GMR Solutions News

Here are the key news stories impacting GMR Solutions this week:

• Positive Sentiment: The insider transactions were explicitly described as sales to satisfy tax withholding obligations related to equity-award vesting, which reduces the likelihood that the trades represent discretionary decisions to exit the stock. Executives continue to hold significant positions in GMRS. SEC insider transaction filing
• Neutral Sentiment: GMR Solutions presented at the Morgan Stanley 24th Annual Global Healthcare Conference. The available transcript reference does not provide specific new guidance, financial targets, or material developments that would clearly change the investment outlook. Morgan Stanley healthcare conference transcript
• Negative Sentiment: Six executives sold approximately 2.35 million shares worth about $28.7 million at an average price of $12.20. The sales included CEO Nicola Loporcaro selling roughly 1.46 million shares, along with substantial sales by the CFO, COO, and other senior officers. The scale of the transactions is likely weighing on GMRS despite the stated tax-related purpose. SEC CEO insider transaction filing

GMR Solutions Stock Down 3.8%

Shares of GMRS stock opened at $12.75 on Wednesday. The stock's 50 day moving average is $13.25. The company has a debt-to-equity ratio of 5.50, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a market capitalization of $688.75 million and a P/E ratio of -8.17. GMR Solutions has a 12-month low of $10.26 and a 12-month high of $15.98.

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

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