In a report released today, Allen Klee from Maxim Group reiterated a Buy rating on Ebix Inc (EBIX), with a price target of $113. The company’s shares closed yesterday at $55.09, close to its 52-week low of $53.72.
Klee wrote:
“EBIX released 3Q18 results this morning ahead of the 11am ET conference call.”
According to TipRanks.com, Klee is a 1-star analyst with an average return of -4.2% and a 35.7% success rate. Klee covers the Technology sector, focusing on stocks such as Net 1 Ueps, Stampscom, and Agilysys.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ebix Inc with a $102.67 average price target.
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The company has a one-year high of $89.10 and a one-year low of $53.72. Currently, Ebix Inc has an average volume of 295.5K.
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Ebix, Inc. engages in the provision of software and e-commerce services to the insurance, finance, and healthcare industries. It operates through the following products and services: Exchanges; Broker P&C Systems; Risk Compliance Solutions; and Carrier P&C systems.
