GMR Solutions Inc. (NYSE:GMRS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of GMR Solutions Inc. (NYSE:GMRS) have been given an average rating of “Moderate Buy” by the nine research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $19.2222.

Several equities analysts have commented on the stock. Needham & Company LLC set a $18.00 target price on shares of GMR Solutions in a research report on Monday, June 8th. JPMorgan Chase & Co. assumed coverage on GMR Solutions in a report on Monday, June 8th. They issued an “overweight” rating and a $15.00 target price for the company. Barclays initiated coverage on GMR Solutions in a research report on Monday, June 8th. They set an “overweight” rating and a $16.00 price target for the company. Wall Street Zen upgraded GMR Solutions to a “hold” rating in a report on Saturday, May 23rd. Finally, Bank of America assumed coverage on GMR Solutions in a research report on Monday, June 8th. They issued a “buy” rating and a $18.00 price objective on the stock.

GMR Solutions Price Performance

NYSE GMRS opened at $14.81 on Friday. The firm has a market capitalization of $799.92 million and a PE ratio of 52.89. GMR Solutions has a 1 year low of $10.26 and a 1 year high of $15.54.

GMR Solutions (NYSE:GMRS) last released its quarterly earnings results on Monday, June 1st. The company reported $0.28 earnings per share for the quarter. The firm had revenue of $1.46 billion for the quarter.