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Robert W. Baird Reaffirms Their Hold Rating on Verra Mobility (VRRM)

In a report issued on July 19, David Koning from Robert W. Baird maintained a Hold rating on Verra Mobility (VRRMResearch Report), with a price target of $18.00. The company’s shares closed last Thursday at $16.65.

According to TipRanks.com, Koning is a 4-star analyst with an average return of 3.4% and a 53.8% success rate. Koning covers the Technology sector, focusing on stocks such as TELUS International (CDA), Jack Henry & Associates, and Fidelity National Info.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Verra Mobility with a $18.80 average price target, a 14.6% upside from current levels. In a report issued on July 20, Deutsche Bank also maintained a Hold rating on the stock with a $19.00 price target.

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Verra Mobility’s market cap is currently $2.58B and has a P/E ratio of 44.55.

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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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