Zacks Research Upgrades GMR Solutions (NYSE:GMRS) to “Hold”

GMR Solutions (NYSE:GMRS) was upgraded by investment analysts at Zacks Research to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other equities analysts also recently commented on GMRS. Citigroup started coverage on shares of GMR Solutions in a research note on Sunday. They issued a “buy” rating and a $17.00 price target for the company. Needham & Company LLC set a $18.00 price target on shares of GMR Solutions in a research note on Monday. JPMorgan Chase & Co. started coverage on shares of GMR Solutions in a research note on Monday. They issued an “overweight” rating and a $15.00 price target for the company. UBS Group started coverage on shares of GMR Solutions in a research note on Monday. They issued a “buy” rating and a $20.00 price target for the company. Finally, Barclays started coverage on shares of GMR Solutions in a research note on Monday. They issued an “overweight” rating and a $16.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.22.

GMR Solutions Trading Up 12.3%

NYSE:GMRS opened at $13.05 on Tuesday. GMR Solutions has a 52 week low of $10.26 and a 52 week high of $15.00.

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