GMR Solutions (NYSE:GMRS) Stock Price Target Lowered at Citigroup

GMR Solutions (NYSE:GMRS) had its price objective lowered by Citigroup from $17.00 to $15.00 in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group set a $30.00 target price on GMR Solutions in a research note on Tuesday, August 18th. JPMorgan Chase & Co. raised their price target on GMR Solutions from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, September 11th. Finally, Weiss Ratings assumed coverage on GMR Solutions in a report on Friday, August 14th. They set a “sell (d)” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, GMR Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.56.

GMR Solutions Trading Up 7.2%

GMRS stock opened at $11.78 on Wednesday. The stock has a market cap of $785.73 million and a PE ratio of -7.55. GMR Solutions has a 12 month low of $8.99 and a 12 month high of $15.98. The business’s 50-day moving average price is $11.30. The company has a debt-to-equity ratio of 4.59, a quick ratio of 2.01 and a current ratio of 1.74.

GMR Solutions (NYSE:GMRS) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.17. The firm had revenue of $1.60 billion during the quarter. Sell-side analysts forecast that GMR Solutions will post 1.68 EPS for the current year.

Insiders Place Their Bets

In other GMR Solutions news, CFO Brian Scott Tierney sold 265,794 shares of the company’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 $3,242,686.80. Following the transaction, the chief financial officer directly owned 554,955 shares in the company, valued at $6,770,451. This represents a 32.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Lisa Jacoba sold 92,680 shares of the firm’s 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 $1,130,696.00. Following the transaction, 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 ownership of the stock. 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. Over the last three months, insiders sold 2,353,423 shares of company stock worth $28,711,761.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Two Sigma Securities LLC purchased a new position in shares of GMR Solutions in the 2nd quarter worth approximately $169,000. Royce & Associates LP acquired a new stake in GMR Solutions in the third quarter valued at approximately $123,000. State of Wyoming purchased a new position in GMR Solutions in the third quarter worth $137,000. Premier Path Wealth Partners LLC purchased a new position in GMR Solutions in the second quarter worth $348,000. Finally, Squarepoint Ops LLC purchased a new position in GMR Solutions in the second quarter worth $801,000.

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.