GMR Solutions Inc.: Air Trajectory Drives Solid Organic Growth; Initiate Coverage at OW

研报英文原文证据摘录

GMR Solutions Inc.: Air Trajectory Drives Solid Organic Growth; Initiate Coverage at OW

Equity Research

U.S. Healthcare Facilities & Managed Care

8 June 2026

GMR Solutions Inc.

Air Trajectory Drives Solid Organic

Growth; Initiate Coverage at OW Initiating Coverage

Pricing in the air business is durable, flight volumes should GMRS OVERWEIGHT

benefit from normalizing weather, and underlying organic from Not Rated

U.S. Healthcare Facilities &

EBITDA growth is tracking in-line with management’s Managed Care NEUTRAL

Unchanged

high single-digit target. Price Target USD 16.00

from N/A

Price (05-Jun-26) USD 10.90

Potential Upside/Downside +46.8%

Source: Bloomberg, Barclays Research

THE 2026 EXTEL SURVEY IS NOW OPEN

Market Cap (USD mn) 2432

Support our industry-leading analysts with 5-Star Shares Outstanding (mn) 223.13

votes in this year’s Extel All-America Research Free Float (%) 59.07 52 Wk Avg Daily Volume (mn) N/A

Dividend Yield (%) N/A Survey

Return on Equity TTM (%) N/A

Current BVPS (USD) 9.62

Vote Now View Analysts Source: Bloomberg

Price Performance Exchange-NYSE

The II/Extel survey is important to me and Barclays. We would greatly appreciate your 5-star 52 Week range USD 15.00-10.26

vote in the Health Care Facilities and Managed Care Sector.

Initiate at OW: We initiate coverage of Global Medical Response Solutions (GMRS), the largest

emergency medical services provider in the U.S., with an Overweight rating and a $16 price

target. Since its May 13 IPO, shares are down 27% (vs S&P 500 -1%), creating an attractive

opportunity in a business that delivers high single-digit organic earnings growth while trading at

6.1x 2027E EBITDA. Recent divestitures and out-of-period reimbursement tailwinds have added