In a report released today, Allen Klee from Maxim Group maintained a Buy rating on Agilysys (AGYS), with a price target of $22. The company’s shares closed yesterday at $14.14.
Klee said:
“F3Q19 revenue of $36.0M, up 15% y/y, topped our estimate of $35.5M; adjusted EBITDA of $2.1M was in line with our estimate, and EBITDA minus capex of $1.8M beat our estimate for a loss of ($1.2M).”
According to TipRanks.com, Klee is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -11.4% and a 23.1% success rate. Klee covers the Technology sector, focusing on stocks such as Sify Technologies Limited, Dolphin Entertainment Inc, and Atlantic Tele-Network.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Agilysys with a $22 average price target.
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The company has a one-year high of $17.52 and a one-year low of $10.77. Currently, Agilysys has an average volume of 53.99K.
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Agilysys, Inc. is a technology company. It offers innovative software for point-of-sale, payment gateway, reservation and table management, guest offers management, property management, inventory and procurement, analytics, document management, and mobile and wireless solutions and services to the hospitality industry.
