GMR Solutions Inc. (NYSE:GMRS) Stock Has Consensus Target Price of $18.78

Shares of GMR Solutions Inc. (NYSE:GMRS) have been assigned an average rating of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $18.78.

GMRS has been the topic of a number of research reports. Weiss Ratings assumed coverage on GMR Solutions in a research note on Friday, August 14th. They issued a “sell (d)” rating on the stock. JPMorgan Chase & Co. increased their target price on shares of GMR Solutions from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, September 11th. Finally, The Goldman Sachs Group set a $30.00 target price on shares of GMR Solutions in a research note on Tuesday, August 18th.

GMR Solutions Price Performance

Shares of NYSE GMRS opened at $10.60 on Friday. GMR Solutions has a one year low of $8.99 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’s fifty day moving average price is $12.15.

GMR Solutions (NYSE:GMRS) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($1.84) earnings per share for the quarter, missing the consensus estimate of $0.38 by ($2.22). The firm had revenue of $1.49 billion during the quarter. The business’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities analysts anticipate that GMR Solutions will post 1.68 EPS for the current fiscal year.

Insider Activity at GMR Solutions

In related news, CEO Nicola Loporcaro sold 1,457,102 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $12.20, for a total transaction of $17,776,644.40. Following the sale, the chief executive officer directly owned 2,855,580 shares in the company, valued at approximately $34,838,076. This represents a 33.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Jessica Hall sold 23,687 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 $288,981.40. Following the completion of the transaction, the chief accounting officer directly owned 62,566 shares of the company’s stock, valued at approximately $763,305.20. This trade represents a 27.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 2,353,423 shares of company stock worth $28,711,761 in the last ninety days.

Institutional Investors Weigh In On GMR Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC bought a new position in shares of GMR Solutions in the second quarter worth $49,284,000. Alyeska Investment Group L.P. purchased a new position in shares of GMR Solutions in the second quarter valued at $36,817,000. Readystate Asset Management LP bought a new stake in shares of GMR Solutions during the 2nd quarter valued at $12,936,000. Steamboat Capital Partners LLC bought a new stake in shares of GMR Solutions during the 2nd quarter valued at $9,184,000. Finally, HBK Investments L P bought a new stake in shares of GMR Solutions during the 2nd quarter valued at $3,092,000.

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.