GMR Solutions Inc. (NYSE:GMRS) Receives $18.78 Consensus Price Target from Brokerages

Shares of GMR Solutions Inc. (NYSE:GMRS) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $18.7778.

GMRS has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their target price on GMR Solutions from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, September 11th. UBS Group initiated coverage on GMR Solutions in a report on Monday, June 8th. They issued a “buy” rating and a $20.00 price target on the stock. Morgan Stanley assumed coverage on GMR Solutions in a report on Monday, June 8th. They issued an “equal weight” rating and a $14.00 price target on the stock. Zacks Research raised GMR Solutions to a “hold” rating in a research report on Tuesday, June 9th. Finally, The Goldman Sachs Group set a $30.00 price objective on GMR Solutions in a research note on Tuesday, August 18th.

Insider Buying and Selling at GMR Solutions

In other news, EVP Lisa Jacoba sold 92,680 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $12.20, for a total value of $1,130,696.00. Following the sale, the executive vice president directly owned 198,603 shares in the company, valued at approximately $2,422,956.60. This trade represents a 31.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 GMR Solutions 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 transaction, the chief financial officer directly owned 554,955 shares in the company, valued at approximately $6,770,451. The trade was a 32.38% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 2,353,423 shares of company stock valued at $28,711,761.

Institutional Trading of GMR Solutions

Institutional investors have recently made changes to their positions in the business. Two Sigma Securities LLC acquired a new position in GMR Solutions during the 2nd quarter valued at about $169,000. Premier Path Wealth Partners LLC purchased a new stake in GMR Solutions in the second quarter valued at about $348,000. Squarepoint Ops LLC acquired a new stake in GMR Solutions in the second quarter worth about $801,000. HBK Investments L P acquired a new stake in GMR Solutions in the second quarter worth about $3,092,000. Finally, Steamboat Capital Partners LLC purchased a new stake in shares of GMR Solutions during the second quarter worth about $9,184,000.

GMR Solutions Stock Performance

NYSE:GMRS opened at $12.55 on Wednesday. GMR Solutions has a one year low of $10.26 and a one year high of $15.98. The company has a debt-to-equity ratio of 5.50, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market cap of $677.95 million and a price-to-earnings ratio of -8.04. The firm has a 50-day simple moving average of $13.08.

GMR Solutions (NYSE:GMRS) last released 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 for the quarter. The business’s quarterly revenue was up 3.3% on a year-over-year basis. On average, research analysts predict that GMR Solutions will post 1.2 EPS for the current fiscal year.

About GMR Solutions

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.