GMR Solutions (NYSE:GMRS) Rating Increased to Strong-Buy at UBS Group

UBS Group upgraded shares of GMR Solutions (NYSE:GMRS) to a strong-buy rating in a report released on Monday,Zacks.com reports.

A number of other brokerages have also weighed in on GMRS. Barclays initiated coverage on GMR Solutions in a report on Monday. They issued an “overweight” rating and a $16.00 price objective on the stock. Needham & Company LLC set a $18.00 price objective on GMR Solutions in a report on Monday. Morgan Stanley initiated coverage on GMR Solutions in a report on Monday. They issued an “equal weight” rating and a $14.00 price objective on the stock. Wall Street Zen raised 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 price objective on the stock in a report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $19.22.

GMR Solutions Price Performance

Shares of GMRS stock opened at $11.64 on Monday. GMR Solutions has a 1-year low of $10.26 and a 1-year high of $15.00.

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