Verra Mobility, a transportation technology company, is set to release its quarterly earnings data on March 1st, with analysts predicting earnings of $0.20 per share for the quarter. The company has a market capitalization of $2.36bn, a PE ratio of 32.83, and a beta of 1.21. Verra Mobility (NSD:VRRM) has a 52-week low of $12.70 and a 52-week high of $17.82. Hedge funds and other institutional investors have added to or reduced their stakes in the company. The company’s share price opened at $15.76 on Wednesday. The average target price for the stock, according to data from Stocktargetadvisor, is $17.00.
Verra Mobility Corp Stock Analysis:
According to two analysts, Verra Mobility Corp is expected to reach an average target price of USD 17.00 in the next 12 months, and they rate the stock as a Buy. Stock Target Advisor has conducted their own analysis and has deemed Verra Mobility Corp to be Very Bullish based on 16 positive signals and 1 negative signal. The stock closed at USD 15.76 in the last session, which represents a decrease of 0.07% over the past week, an increase of 0.72% over the past month, and a decrease of 8.27% over the past year.
Company Overview
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. This segment serves municipalities, counties, school districts, and law enforcement agencies. 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. The Parking Solutions segment provides an integrated suite of parking software and hardware solutions to universities, municipalities, parking operators, healthcare facilities, and transportation hubs. The company was incorporated in 2016 and is headquartered in Mesa, Arizona.
