In a report released yesterday, Mark Palmer from BTIG maintained a Buy rating on Verra Mobility (VRRM – Research Report), with a price target of $21.00. The company’s shares closed last Thursday at $16.28.
According to TipRanks.com, Palmer is a 5-star analyst with an average return of 14.1% and a 55.4% success rate. Palmer covers the Financial sector, focusing on stocks such as International Money Express, Mogo Finance Technology, and Galaxy Digital Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Verra Mobility with a $19.33 average price target.
The company has a one-year high of $18.13 and a one-year low of $13.38. Currently, Verra Mobility has an average volume of 842.2K.
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Verra Mobility Corp. engages in the provision of smart mobility technology solutions and services. It operates through the Government Solutions and Commercial Services segments. The Government Solutions segment delivers traffic law enforcement services and products to state and local governments. The Commercial Services segment offers tolling and violation management services to rental car companies, commercial fleet vehicle owners, and violation issuing authorities. The company was founded on August 15, 2016 and is headquartered in Mesa, AZ.
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