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

Key Points

• Analysts maintain a “Moderate Buy” consensus on GMR Solutions, with six buy ratings, one strong buy, two holds and one sell among ten analysts. The average 12-month price target is $18.67, above the stock’s $13.57 opening price.
• Recent coverage has generally been positive, including buy or overweight ratings from Citigroup, Bank of America and Barclays, while price targets range from $16 to $30.
• GMR Solutions reported a significant quarterly earnings miss, posting a loss of $1.84 per share versus the $0.38 consensus estimate, although revenue rose 3.3% year over year to $1.49 billion. Shares were down 4.0%, and the company carries a high debt-to-equity ratio of 5.50.

Shares of GMR Solutions Inc. (NYSE:GMRS - Get Free Report) have earned a consensus rating of "Moderate Buy" from the ten brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $18.6667.

GMRS has been the subject of a number of recent research reports. The Goldman Sachs Group set a $30.00 price objective on GMR Solutions in a research report on Tuesday. Needham & Company LLC set a $18.00 price objective on shares of GMR Solutions in a research note on Monday, June 8th. Citigroup started coverage on GMR Solutions in a report on Sunday, June 7th. They set a "buy" rating and a $17.00 price objective on the stock. Bank of America started coverage on GMR Solutions in a research note on Monday, June 8th. They issued a "buy" rating and a $18.00 target price for the company. Finally, Barclays initiated coverage on GMR Solutions in a research report on Monday, June 8th. They set an "overweight" rating and a $16.00 target price on the stock.

GMR Solutions Stock Down 4.0%

NYSE GMRS opened at $13.57 on Friday. The company has a debt-to-equity ratio of 5.50, a quick ratio of 2.01 and a current ratio of 2.01. GMR Solutions has a 52-week low of $10.26 and a 52-week high of $15.98. The business's 50-day moving average is $13.55. The stock has a market capitalization of $733.05 million and a price-to-earnings ratio of -8.70.

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 the consensus estimate of $0.38 by ($2.22). The business had revenue of $1.49 billion during the quarter. The business's revenue was up 3.3% compared to the same quarter last year. As a group, analysts anticipate that GMR Solutions will post 1.29 earnings per share for the current year.

Hedge Funds Weigh In On GMR Solutions

A number of large investors have recently bought and sold shares of the stock. Alyeska Investment Group L.P. purchased a new stake in shares of GMR Solutions during the 2nd quarter valued at $36,817,000. Premier Path Wealth Partners LLC purchased a new position in shares of GMR Solutions in the 2nd quarter worth $348,000. Finally, Two Sigma Securities LLC acquired a new position in GMR Solutions in the second quarter valued at $169,000.

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.

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