Verra Mobility (NASDAQ:VRRM) Stock Rating Upgraded by Baird R W

Verra Mobility (NASDAQ:VRRM - Get Free Report) was upgraded by stock analysts at Baird R W from a "hold" rating to a "strong-buy" rating in a report released on Tuesday,Zacks.com reports.

A number of other research firms have also recently commented on VRRM. Morgan Stanley dropped their target price on Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Robert W. Baird raised Verra Mobility from a "neutral" rating to an "outperform" rating and set a $27.00 target price for the company in a research note on Tuesday.

Verra Mobility Stock Up 4.3 %

Verra Mobility stock opened at $21.89 on Tuesday. Verra Mobility has a 52 week low of $19.51 and a 52 week high of $31.03. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 36.48, a price-to-earnings-growth ratio of 2.18 and a beta of 0.91. The business's 50-day moving average price is $22.39 and its 200 day moving average price is $24.06. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13.

Hedge Funds Weigh In On Verra Mobility

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in Verra Mobility by 0.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company's stock valued at $179,743,000 after purchasing an additional 36,585 shares during the last quarter. Barclays PLC raised its position in shares of Verra Mobility by 400.2% in the third quarter. Barclays PLC now owns 294,457 shares of the company's stock valued at $8,189,000 after buying an additional 235,589 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Verra Mobility in the fourth quarter worth about $2,348,000. Smartleaf Asset Management LLC boosted its position in Verra Mobility by 245.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock worth $56,000 after acquiring an additional 1,640 shares during the last quarter. Finally, LPL Financial LLC grew its stake in Verra Mobility by 8.4% during the 4th quarter. LPL Financial LLC now owns 151,920 shares of the company's stock valued at $3,673,000 after acquiring an additional 11,772 shares in the last quarter.

Verra Mobility Company Profile

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 Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.

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