In a report released today, Allen Klee from Maxim Group maintained a Buy rating on Ebix Inc (NASDAQ: EBIX), with a price target of $108. The company’s shares closed yesterday at $81.20.
Klee commented:
“We model 2Q18 EPS of $0.89, in line with consensus and up 20% y/y. We forecast revenue of $112.1 million, up 28% y/y and ahead of the consensus projection of $111.4 million, with growth coming primarily from the Exchange segment.”
According to TipRanks.com, Klee is a 2-star analyst with an average return of 3.6% and a 52.4% success rate. Klee covers the Technology sector, focusing on stocks such as Helios & Matheson North America Inc, Net 1 Ueps, and Stampscom.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ebix Inc with a $108 average price target.
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The company has a one-year high of $87.50 and a one-year low of $56.40. Currently, Ebix Inc has an average volume of 157.7K.
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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.
