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Analyst Perspectives on Ebix Inc (NASDAQ:EBIX)
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Ebix, Inc. (NASDAQ:EBIX) [Trend Analysis] has been on the up and up, really rising sharply in 2015. So can this company continue this rise, or is it ready to fall back to earth?
Ebix, Inc. (NASDAQ:EBIX) last traded at $27.70 after moving down -0.04% for the trading day. The company last released their quarterly earnings results on 03-13-15 for the period ended Dec-14. The company reported earnings of $0.45 against a Zack’s research estimate of $0.37. This represents a 21.62% surprise on the expected result.
The current average broker recommendation for Ebix, Inc., according to Zack’s research, is 1.00, based on 201 broker ratings. With 1 being a strong buy and 5 being a strong sell, this means that on a consensus basis, analysts currently see Ebix, Inc. as a strong buy. The 12 month target consensus price estimate among these analysts for Ebix, Inc. is currently at $38.00.
Out of the 201 broker recommendations for EBIX, 201 recommend it as a strong buy, 0 as a buy, 0 as a hold 0 as a sell and 0 as a strong sell.
For the current quarter, the consensus analyst estimate for Ebix, Inc. (NASDAQ:EBIX) is $0.43, with analysts expecting year on year growth for the company of 7.50%
About Ebix, Inc. (NASDAQ:EBIX)
Ebix Inc is one of the leading international suppliers of software and e-commerce solutions to the insurance industry. The company strives to work collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges. Ebix combines the newest technologies with its capabilities in consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting to meet the individual needs of organizations.