Baird R W Upgrades Verra Mobility (NASDAQ:VRRM) to Strong-Buy

Baird R W upgraded shares of Verra Mobility (NASDAQ:VRRM - Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

Several other equities analysts also recently commented on VRRM. Morgan Stanley lowered their target price on shares of 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 price objective on the stock in a report on Tuesday, April 22nd.

Verra Mobility Stock Down 0.5 %

Shares of NASDAQ VRRM traded down $0.10 during trading hours on Tuesday, hitting $21.81. The stock had a trading volume of 352,668 shares, compared to its average volume of 1,161,360. The firm's 50-day moving average price is $22.13 and its two-hundred day moving average price is $23.93. Verra Mobility has a 52 week low of $19.51 and a 52 week high of $31.03. The company has a market capitalization of $3.48 billion, a P/E ratio of 36.35, a P/E/G ratio of 2.18 and a beta of 0.91. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61.

Institutional Investors Weigh In On Verra Mobility

Hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its position in shares of Verra Mobility by 400.2% during the 3rd quarter. Barclays PLC now owns 294,457 shares of the company's stock worth $8,189,000 after purchasing an additional 235,589 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Verra Mobility by 13.7% in the third quarter. Franklin Resources Inc. now owns 1,814,342 shares of the company's stock valued at $48,987,000 after acquiring an additional 219,071 shares during the period. Principal Financial Group Inc. grew its stake in shares of Verra Mobility by 6.4% in the third quarter. Principal Financial Group Inc. now owns 3,756,352 shares of the company's stock worth $104,464,000 after acquiring an additional 225,585 shares during the last quarter. JPMorgan Chase & Co. increased its position in Verra Mobility by 0.6% during the third quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company's stock worth $179,743,000 after acquiring an additional 36,585 shares during the period. Finally, Harbor Capital Advisors Inc. raised its stake in Verra Mobility by 1.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 615,905 shares of the company's stock valued at $14,893,000 after purchasing an additional 10,054 shares during the last quarter.

About Verra Mobility

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.