GMR Solutions Inc. (NYSE:GMRS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of GMR Solutions Inc. (NYSE:GMRS) have been given an average rating of “Moderate Buy” by the nine ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $19.2222.

A number of research firms have issued reports on GMRS. Citigroup initiated coverage on GMR Solutions in a research report on Sunday, June 7th. They issued a “buy” rating and a $17.00 target price for the company. Needham & Company LLC set a $18.00 price target on GMR Solutions in a research report on Monday, June 8th. The Goldman Sachs Group assumed coverage on GMR Solutions in a research note on Monday, June 8th. They set a “buy” rating and a $35.00 price target for the company. Barclays initiated coverage on GMR Solutions in a report on Monday, June 8th. They issued an “overweight” rating and a $16.00 price objective for the company. Finally, Evercore upgraded GMR Solutions to a “strong-buy” rating and set a $20.00 price objective on the stock in a research note on Monday, June 8th.

GMR Solutions Stock Up 0.3%

GMR Solutions stock opened at $14.81 on Friday. GMR Solutions has a twelve month low of $10.26 and a twelve month high of $15.54. The company has a market cap of $799.92 million and a PE ratio of 52.89.

GMR Solutions (NYSE:GMRS) last posted its quarterly earnings results on Monday, June 1st. The company reported $0.28 EPS for the quarter. The company had revenue of $1.46 billion during the quarter.