GMR Solutions Inc. (GMRS) – What Are Investment Firms Thinking About This Stock?

Shares of GMR Solutions Inc. (NYSE:GMRS) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $18.56.

Several research analysts recently issued reports on GMRS shares. JPMorgan Chase & Co. lifted their target price on GMR Solutions from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, September 11th. The Goldman Sachs Group set a $30.00 price target on GMR Solutions in a report on Tuesday, August 18th. Weiss Ratings started coverage on GMR Solutions in a research report on Friday, August 14th. They issued a “sell (d)” rating for the company. Finally, Citigroup lowered their price target on GMR Solutions from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday.

GMR Solutions Stock Performance

Shares of NYSE GMRS opened at $11.78 on Thursday. The company has a market cap of $785.73 million and a PE ratio of -7.55. 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 has a fifty-two week low of $8.99 and a fifty-two week high of $15.98. The company has a 50-day simple moving average of $11.30.

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

Insider Buying and Selling

In other GMR Solutions news, CAO Jessica Hall sold 23,687 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 $288,981.40. Following the completion of the sale, the chief accounting officer directly owned 62,566 shares of the company’s stock, valued at approximately $763,305.20. This represents a 27.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 company’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 198,603 shares of the company’s stock, valued at $2,422,956.60. The trade was a 31.82% 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 have sold a total of 2,353,423 shares of company stock valued at $28,711,761 over the last 90 days.

Hedge Funds Weigh In On GMR Solutions

Several hedge funds have recently modified their holdings of the company. Royce & Associates LP purchased a new position in shares of GMR Solutions in the 3rd quarter worth approximately $123,000. State of Wyoming bought a new position in shares of GMR Solutions in the third quarter valued at approximately $137,000. Two Sigma Securities LLC purchased a new stake in shares of GMR Solutions during the second quarter valued at approximately $169,000. Premier Path Wealth Partners LLC purchased a new stake in shares of GMR Solutions during the second quarter valued at approximately $348,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of GMR Solutions during the second quarter valued at approximately $801,000.

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.