GMR Solutions (NYSE:GMRS) Stock Price Up 8.6% – Here’s Why

GMR Solutions Inc. (NYSE:GMRS) shares shot up 8.6% during trading on Wednesday . The stock traded as high as $13.05 and last traded at $12.92. 556,280 shares traded hands during trading, a decline of 29% from the average daily volume of 780,096 shares. The stock had previously closed at $11.90.

Analysts Set New Price Targets

GMRS has been the subject of several research analyst reports. JPMorgan Chase & Co. began coverage on GMR Solutions in a report on Monday, June 8th. They issued an “overweight” rating and a $15.00 price objective for the company. Citigroup began coverage on shares of GMR Solutions in a research note on Sunday, June 7th. They set a “buy” rating and a $17.00 price target for the company. Evercore raised shares of GMR Solutions to a “strong-buy” rating and set a $20.00 price objective on the stock in a research report on Monday, June 8th. Bank of America started coverage on shares of GMR Solutions in a report on Monday, June 8th. They issued a “buy” rating and a $18.00 target price for the company. Finally, Morgan Stanley started coverage on shares of GMR Solutions in a research note on Monday, June 8th. They set an “equal weight” rating and a $14.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, GMR Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $19.22.

GMR Solutions Stock Up 8.2%

The company has a debt-to-equity ratio of 23.39, a current ratio of 1.87 and a quick ratio of 1.87. The firm has a fifty day simple moving average of $13.22. The company has a market capitalization of $695.13 million and a PE ratio of 45.96.

GMR Solutions (NYSE:GMRS) last posted its quarterly earnings data on Monday, June 1st. The company reported $0.28 earnings per share for the quarter. The firm had revenue of $1.46 billion during the quarter. Equities analysts anticipate that GMR Solutions Inc. will post 1.57 earnings per share 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.