GMR Solutions (NYSE:GMRS) Rating Increased to Strong-Buy at Evercore

Evercore upgraded shares of GMR Solutions (NYSE:GMRS) to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

A number of other equities research analysts also recently weighed in on GMRS. Barclays assumed coverage on GMR Solutions in a research note on Monday. They set an “overweight” rating and a $16.00 price target for the company. UBS Group assumed coverage on GMR Solutions in a research note on Monday. They set a “buy” rating and a $20.00 price target for the company. Citigroup assumed coverage on GMR Solutions in a research note on Sunday. They set a “buy” rating and a $17.00 price target for the company. Bank of America assumed coverage on GMR Solutions in a research note on Monday. They set a “buy” rating and a $18.00 price target for the company. Finally, Wall Street Zen raised GMR Solutions to a “hold” rating in a research note on Saturday, May 23rd. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $19.22.

GMR Solutions Stock Down 2.1%

GMRS opened at $10.67 on Monday. GMR Solutions has a fifty-two week low of $10.26 and a fifty-two week high of $15.00.

GMR Solutions (NYSE:GMRS) last posted its quarterly earnings results on Monday, June 1st. The company reported $999.00 earnings per share for the quarter. The firm had revenue of $1.46 billion for the quarter.