Maxim Group analyst Allen Klee reiterated a Buy rating on Ebix Inc (EBIX) today and set a price target of $113. The company’s shares closed yesterday at $47.25, close to its 52-week low of $45.25.
Klee noted:
“EBIX increased its credit facility by $100M to $795M which we view as positive, highlighting its lenders’ support for the company’s growth plans.”
According to TipRanks.com, Klee is a 1-star analyst with an average return of -5.9% and a 43.2% success rate. Klee covers the Technology sector, focusing on stocks such as Net 1 Ueps, Stampscom, and Agilysys.
Ebix Inc has an analyst consensus of Moderate Buy, with a price target consensus of $99.33.
See today’s analyst top recommended stocks >>
The company has a one-year high of $89.10 and a one-year low of $45.25. Currently, Ebix Inc has an average volume of 367.9K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.