GMR Solutions (NYSE:GMRS) Upgraded by The Goldman Sachs Group to Strong-Buy Rating

GMR Solutions (NYSE:GMRS) was upgraded by stock analysts at The Goldman Sachs Group to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other research firms also recently issued reports on GMRS. JPMorgan Chase & Co. initiated coverage on shares of GMR Solutions in a research note on Monday. They issued an “overweight” rating and a $15.00 price target on the stock. Needham & Company LLC set a $18.00 target price on GMR Solutions in a research note on Monday. UBS Group initiated coverage on GMR Solutions in a research note on Monday. They set a “buy” rating and a $20.00 target price on the stock. Barclays initiated coverage on GMR Solutions in a research note on Monday. They set an “overweight” rating and a $16.00 target price on the stock. Finally, Bank of America began coverage on GMR Solutions in a research note on Monday. They set a “buy” rating and a $18.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, GMR Solutions presently has an average rating of “Buy” and an average price target of $19.22.

GMR Solutions Price Performance

Shares of GMRS stock opened at $10.67 on Monday. GMR Solutions has a 12 month low of $10.26 and a 12 month high of $15.00.

GMR Solutions (NYSE:GMRS) last released its quarterly earnings results on Monday, June 1st. The company reported $999.00 earnings per share (EPS) for the quarter. The company had revenue of $1.46 billion during the quarter.