Verra Mobility Co. (NASDAQ:VRRM) Receives Consensus Recommendation of “Buy” from Analysts

Verra Mobility Co. (NASDAQ:VRRMGet Rating) has earned a consensus recommendation of “Buy” from the seven ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $18.17.

Several analysts have weighed in on the company. Credit Suisse Group boosted their price target on Verra Mobility from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, April 25th. Zacks Investment Research upgraded Verra Mobility from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Friday, May 13th. Robert W. Baird lowered their target price on Verra Mobility from $20.00 to $18.00 in a research note on Tuesday, May 10th. Deutsche Bank Aktiengesellschaft upped their target price on Verra Mobility from $17.00 to $18.00 in a research note on Friday, April 1st. Finally, TheStreet downgraded Verra Mobility from a “b-” rating to a “c+” rating in a research note on Tuesday, April 12th.

Several institutional investors have recently made changes to their positions in VRRM. Point72 Hong Kong Ltd purchased a new position in Verra Mobility in the first quarter worth approximately $160,000. Quantbot Technologies LP grew its position in Verra Mobility by 554.9% in the first quarter. Quantbot Technologies LP now owns 44,020 shares of the company’s stock worth $716,000 after acquiring an additional 37,298 shares during the period. Goldman Sachs Group Inc. grew its position in Verra Mobility by 161.3% in the first quarter. Goldman Sachs Group Inc. now owns 880,420 shares of the company’s stock worth $14,333,000 after acquiring an additional 543,444 shares during the period. State Street Corp boosted its position in shares of Verra Mobility by 2.0% during the first quarter. State Street Corp now owns 2,865,053 shares of the company’s stock worth $46,643,000 after buying an additional 55,779 shares during the period. Finally, Engineers Gate Manager LP boosted its position in shares of Verra Mobility by 42.4% during the first quarter. Engineers Gate Manager LP now owns 19,672 shares of the company’s stock worth $320,000 after buying an additional 5,859 shares during the period.

Shares of VRRM stock opened at $15.57 on Wednesday. Verra Mobility has a 1-year low of $12.70 and a 1-year high of $18.13. The stock’s fifty day moving average price is $15.20 and its 200 day moving average price is $15.52. The company has a debt-to-equity ratio of 4.37, a current ratio of 2.35 and a quick ratio of 2.25. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 45.79 and a beta of 1.33.

Verra Mobility (NASDAQ:VRRMGet Rating) last posted its quarterly earnings results on Monday, May 9th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. Verra Mobility had a return on equity of 44.07% and a net margin of 9.57%. During the same quarter in the prior year, the firm posted $0.11 EPS. As a group, equities research analysts anticipate that Verra Mobility will post 0.91 earnings per share for the current year.

About Verra Mobility (Get Rating)

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services; Government Solutions; and Parking Solutions. 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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