JPMorgan Chase & Co. Raises GMR Solutions (NYSE:GMRS) Price Target to $16.00

GMR Solutions (NYSE:GMRS) had its price objective boosted by investment analysts at JPMorgan Chase & Co. from $15.00 to $16.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 24.80% from the stock’s previous close.

Several other analysts have also recently issued reports on GMRS. Barclays assumed coverage on GMR Solutions in a research report on Monday, June 8th. They set an “overweight” rating and a $16.00 target price on the stock. Weiss Ratings started coverage on GMR Solutions in a research note on Friday, August 14th. They set a “sell (d)” rating for the company. The Goldman Sachs Group set a $30.00 price objective on GMR Solutions in a research report on Tuesday, August 18th. Morgan Stanley initiated coverage on GMR Solutions in a research note on Monday, June 8th. They issued an “equal weight” rating and a $14.00 target price on the stock. Finally, Citigroup initiated coverage on shares of GMR Solutions in a report on Sunday, June 7th. They issued a “buy” rating and a $17.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.78.

GMR Solutions Price Performance

Shares of GMRS traded up $0.35 during midday trading on Friday, hitting $12.82. The stock had a trading volume of 193,714 shares, compared to its average volume of 801,988. GMR Solutions has a 1 year low of $10.26 and a 1 year high of $15.98. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 5.50. The company’s 50 day moving average is $13.35. The stock has a market capitalization of $692.54 million and a price-to-earnings ratio of -8.22.

GMR Solutions (NYSE:GMRS) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($1.84) EPS for the quarter, missing the consensus estimate of $0.38 by ($2.22). The business had revenue of $1.49 billion during the quarter. GMR Solutions’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts expect that GMR Solutions will post 1.29 earnings per share for the current fiscal year.

Institutional Trading of GMR Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the company. Two Sigma Securities LLC purchased a new position in shares of GMR Solutions during the 2nd quarter worth approximately $169,000. Premier Path Wealth Partners LLC acquired a new stake in shares of GMR Solutions in the second quarter valued at $348,000. Squarepoint Ops LLC purchased a new position in GMR Solutions in the second quarter valued at $801,000. Steamboat Capital Partners LLC purchased a new position in GMR Solutions in the second quarter valued at $9,184,000. Finally, Readystate Asset Management LP acquired a new position in GMR Solutions during the 2nd quarter worth $12,936,000.

GMR Solutions Company Profile

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.