GMR Solutions (NYSE:GMRS) Upgraded by The Goldman Sachs Group to Strong-Buy Rating

GMR Solutions (NYSE:GMRS) was upgraded by analysts at The Goldman Sachs Group to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research analysts have also recently issued reports on the stock. Bank of America began coverage on shares of GMR Solutions in a report on Monday. They issued a “buy” rating and a $18.00 target price for the company. Wall Street Zen upgraded shares of GMR Solutions to a “hold” rating in a report on Saturday, May 23rd. Morgan Stanley began coverage on shares of GMR Solutions in a report on Monday. They issued an “equal weight” rating and a $14.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of GMR Solutions in a report on Monday. They issued an “overweight” rating and a $15.00 target price for the company. Finally, Needham & Company LLC set a $18.00 target price on shares of GMR Solutions in a report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $19.22.

GMR Solutions Stock Performance

Shares of 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 announced its quarterly earnings data on Monday, June 1st. The company reported $999.00 EPS for the quarter. The firm had revenue of $1.46 billion during the quarter.