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

GMR Solutions Inc. (NYSE:GMRS – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $19.2222.

A number of brokerages have recently commented on GMRS. UBS Group assumed coverage on shares of GMR Solutions in a report on Monday, June 8th. They issued a “buy” rating and a $20.00 price target on the stock. Needham & Company LLC set a $18.00 price objective on shares of GMR Solutions in a report on Monday, June 8th. Bank of America began coverage on shares of GMR Solutions in a research report on Monday, June 8th. They issued a “buy” rating and a $18.00 target price for the company. Barclays started coverage on GMR Solutions in a research note on Monday, June 8th. They issued an “overweight” rating and a $16.00 target price on the stock. Finally, Zacks Research upgraded GMR Solutions to a “hold” rating in a research report on Tuesday, June 9th.

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GMR Solutions Trading Up 0.8%

Shares of GMRS opened at $15.70 on Friday. GMR Solutions has a 12-month low of $10.26 and a 12-month high of $15.94. The company has a market cap of $847.99 million and a P/E ratio of 56.07. The firm’s 50-day simple moving average is $12.95.

GMR Solutions (NYSE:GMRS – Get Free Report) last posted its quarterly earnings data on Monday, June 1st. The company reported $0.28 earnings per share for the quarter. The company had revenue of $1.46 billion during the quarter.

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