Credit Suisse Group Increases Verra Mobility (NASDAQ:VRRM) Price Target to $20.00

Verra Mobility (NASDAQ:VRRMGet Rating) had its target price lifted by Credit Suisse Group from $19.00 to $20.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group’s price target suggests a potential upside of 34.50% from the stock’s current price.

A number of other research analysts also recently commented on VRRM. Zacks Investment Research upgraded Verra Mobility from a “hold” rating to a “strong-buy” rating and set a $18.00 target price on the stock in a research note on Wednesday, April 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Verra Mobility from $17.00 to $18.00 in a research report on Friday, April 1st. Finally, TheStreet lowered Verra Mobility from a “b-” rating to a “c+” rating in a report on Tuesday, April 12th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $18.60.

Shares of VRRM opened at $14.87 on Monday. The business’s 50-day moving average is $16.06 and its 200-day moving average is $15.59. The company has a debt-to-equity ratio of 3.96, a current ratio of 3.18 and a quick ratio of 3.18. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 64.65 and a beta of 1.32. Verra Mobility has a fifty-two week low of $13.38 and a fifty-two week high of $18.13.

Verra Mobility (NASDAQ:VRRMGet Rating) last released its quarterly earnings data on Thursday, April 21st. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. Verra Mobility had a net margin of 4.36% and a return on equity of 24.84%. Equities research analysts expect that Verra Mobility will post 1.05 earnings per share for the current fiscal year.

In related news, General Counsel Rebecca Collins sold 4,000 shares of Verra Mobility stock in a transaction on Tuesday, February 15th. The shares were sold at an average price of $17.50, for a total value of $70,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VRRM. Virginia Retirement Systems ET AL increased its position in Verra Mobility by 19.2% in the 1st quarter. Virginia Retirement Systems ET AL now owns 14,300 shares of the company’s stock worth $233,000 after buying an additional 2,300 shares during the period. Yarbrough Capital LLC grew its stake in shares of Verra Mobility by 20.8% in the first quarter. Yarbrough Capital LLC now owns 30,313 shares of the company’s stock worth $493,000 after acquiring an additional 5,226 shares during the last quarter. Seelaus Asset Management LLC increased its position in Verra Mobility by 31.8% during the first quarter. Seelaus Asset Management LLC now owns 64,577 shares of the company’s stock worth $1,051,000 after acquiring an additional 15,572 shares during the period. Norges Bank acquired a new position in Verra Mobility during the 4th quarter valued at $19,561,000. Finally, Barclays PLC raised its stake in Verra Mobility by 17.6% during the 4th quarter. Barclays PLC now owns 185,713 shares of the company’s stock valued at $2,866,000 after purchasing an additional 27,754 shares during the last quarter. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Verra Mobility Company Profile (Get Rating)

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Canada, and Europe. It operates through two segments, Government Solutions and Commercial Services. The Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs, which detects and process traffic violations related to red light, speed, school bus, and city bus lanes.

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