GMR Solutions (NYSE:GMRS) Coverage Initiated at Bank of America

Equities research analysts at Bank of America assumed coverage on shares of GMR Solutions (NYSE:GMRS) in a report released on Monday. The firm set a “buy” rating and a $18.00 price target on the stock. Bank of America‘s price objective points to a potential upside of 64.53% from the stock’s current price.

A number of other brokerages also recently issued reports on GMRS. UBS Group initiated coverage on shares of GMR Solutions in a research report on Monday. They issued a “buy” rating and a $20.00 price target on the stock. Wall Street Zen raised GMR Solutions to a “hold” rating in a research note on Saturday, May 23rd. Morgan Stanley began coverage on shares of GMR Solutions in a research report on Monday. They set a “neutral” rating and a $14.00 target price for the company. Evercore began coverage on GMR Solutions in a research report on Sunday. They issued an “outperform” rating and a $20.00 price target for the company. Finally, Citigroup started coverage on shares of GMR Solutions in a research note on Sunday. They issued a “buy” rating and a $17.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.75.

GMR Solutions Trading Up 0.4%

NYSE:GMRS opened at $10.94 on Monday. 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 data on Monday, June 1st. The company reported $999.00 earnings per share (EPS) for the quarter. The business had revenue of $1.46 billion during the quarter.