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

GMR Solutions Inc. (NYSE:GMRS) has received an average rating of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $19.2222.

Several research analysts have recently weighed in on GMRS shares. Morgan Stanley began coverage on GMR Solutions in a report on Monday, June 8th. They set an “equal weight” rating and a $14.00 target price on the stock. Bank of America started coverage on GMR Solutions in a report on Monday, June 8th. They issued a “buy” rating and a $18.00 price target for the company. JPMorgan Chase & Co. started coverage on GMR Solutions in a research report on Monday, June 8th. They set an “overweight” rating and a $15.00 price objective on the stock. UBS Group initiated coverage on GMR Solutions in a research note on Monday, June 8th. They set a “buy” rating and a $20.00 price objective on the stock. Finally, The Goldman Sachs Group initiated coverage on GMR Solutions in a report on Monday, June 8th. They issued a “buy” rating and a $35.00 target price for the company.

GMR Solutions Stock Down 1.9%

GMRS opened at $12.72 on Tuesday. The firm has a market capitalization of $687.03 million and a price-to-earnings ratio of 45.43. GMR Solutions has a twelve month low of $10.26 and a twelve month high of $15.98. The stock’s 50-day simple moving average is $13.03.

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