GMR Solutions (NYSE:GMRS) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of GMR Solutions (NYSE:GMRS) to a hold rating in a report published on Tuesday morning,Zacks.com reports.

Several other equities research analysts also recently commented on the company. Morgan Stanley initiated coverage on GMR Solutions in a report on Monday. They issued an “equal weight” rating and a $14.00 price objective for the company. Bank of America initiated coverage on GMR Solutions in a research report on Monday. They issued a “buy” rating and a $18.00 target price for the company. Evercore raised GMR Solutions to a “strong-buy” rating and set a $20.00 target price for the company in a research report on Monday. Barclays initiated coverage on GMR Solutions in a research report on Monday. They issued an “overweight” rating and a $16.00 target price for the company. Finally, The Goldman Sachs Group initiated coverage on GMR Solutions in a research report on Monday. They issued a “buy” rating and a $35.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.22.

GMR Solutions Stock Performance

Shares of NYSE:GMRS opened at $13.05 on Tuesday. GMR Solutions has a 1-year low of $10.26 and a 1-year high of $15.00.

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