GMR Solutions Inc. (NYSE:GMRS) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analysts rate GMR Solutions “Moderate Buy,” with six buy ratings, one strong buy, two holds and one sell among ten firms. The average 12-month price target is $18.78, including targets of $30 from Goldman Sachs and $16 from JPMorgan.
• Insiders sold 2.35 million shares worth approximately $28.7 million over the past three months, including sizable sales by the COO and CFO to cover tax obligations related to vested equity awards.
• GMR Solutions reported a quarterly loss of $1.84 per share, missing the $0.38 analyst consensus, while revenue rose 3.3% year over year to $1.49 billion. The stock opened at $10.39, versus a 52-week range of $8.99 to $15.98.

Shares of GMR Solutions Inc. (NYSE:GMRS - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the ten research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $18.78.

Several brokerages recently weighed in on GMRS. Weiss Ratings started coverage on GMR Solutions in a research note on Friday, August 14th. They set a "sell (d)" rating for the company. The Goldman Sachs Group set a $30.00 price target on shares of GMR Solutions in a research report on Tuesday, August 18th. Finally, JPMorgan Chase & Co. boosted their price target on shares of GMR Solutions from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, September 11th.

Insider Buying and Selling

In other news, COO Horne Edward Van sold 262,278 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 value of $3,199,791.60. Following the transaction, the chief operating officer owned 575,004 shares of the company's stock, valued at $7,015,048.80. The trade was a 31.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Brian Scott Tierney sold 265,794 shares of the business's stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $12.20, for a total transaction of $3,242,686.80. Following the completion of the sale, the chief financial officer owned 554,955 shares in the company, valued at $6,770,451. The trade was a 32.38% 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 three months, insiders have sold 2,353,423 shares of company stock worth $28,711,761.

Institutional Investors Weigh In On GMR Solutions

Several large investors have recently modified their holdings of the stock. Two Sigma Securities LLC acquired a new position in shares of GMR Solutions in the 2nd quarter valued at $169,000. Premier Path Wealth Partners LLC purchased a new position in GMR Solutions in the 2nd quarter worth about $348,000. Squarepoint Ops LLC acquired a new stake in GMR Solutions during the 2nd quarter worth about $801,000. State Street Corp acquired a new stake in GMR Solutions during the 2nd quarter worth about $2,542,000. Finally, HBK Investments L P acquired a new stake in GMR Solutions during the 2nd quarter worth about $3,092,000.

GMR Solutions Stock Performance

Shares of NYSE GMRS opened at $10.39 on Friday. GMR Solutions has a 1 year low of $8.99 and a 1 year high of $15.98. The company has a market cap of $561.27 million and a price-to-earnings ratio of -6.66. The firm's fifty day moving average price is $12.24. 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 (NYSE:GMRS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($1.84) 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 firm's quarterly revenue was up 3.3% compared to the same quarter last year. On average, research analysts predict that GMR Solutions will post 1.20 earnings per share 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.

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