IBEX Limited (NASDAQ:IBEX) Receives $19.20 Consensus Price Target from Analysts

IBEX Limited (NASDAQ:IBEXGet Free Report) has earned a consensus rating of “Hold” from the five analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $19.20.

IBEX has been the subject of several recent research reports. TheStreet lowered shares of IBEX from a “b-” rating to a “c+” rating in a report on Wednesday, March 6th. Robert W. Baird cut their price objective on shares of IBEX from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, April 19th.

View Our Latest Analysis on IBEX

Institutional Investors Weigh In On IBEX

Hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its holdings in shares of IBEX by 2.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 26,176 shares of the company’s stock worth $404,000 after purchasing an additional 748 shares during the last quarter. Barclays PLC lifted its position in IBEX by 15.9% during the third quarter. Barclays PLC now owns 9,932 shares of the company’s stock worth $154,000 after buying an additional 1,363 shares in the last quarter. Trexquant Investment LP boosted its stake in IBEX by 13.0% during the third quarter. Trexquant Investment LP now owns 18,106 shares of the company’s stock worth $280,000 after buying an additional 2,085 shares during the last quarter. Quantbot Technologies LP grew its holdings in IBEX by 126.4% in the 3rd quarter. Quantbot Technologies LP now owns 4,560 shares of the company’s stock valued at $70,000 after buying an additional 2,546 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of IBEX by 6.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 40,925 shares of the company’s stock worth $632,000 after acquiring an additional 2,621 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

IBEX Stock Performance

NASDAQ IBEX opened at $16.04 on Friday. The firm has a market capitalization of $276.11 million, a P/E ratio of 10.48 and a beta of 0.73. The stock has a 50-day simple moving average of $14.56 and a two-hundred day simple moving average of $16.06. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.42 and a current ratio of 2.42. IBEX has a fifty-two week low of $11.45 and a fifty-two week high of $23.49.

IBEX (NASDAQ:IBEXGet Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.58 by $0.09. IBEX had a return on equity of 20.23% and a net margin of 5.57%. The firm had revenue of $126.80 million for the quarter. During the same period last year, the business earned $0.52 earnings per share.

IBEX Company Profile

(Get Free Report

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company products and services portfolio includes ibex Connect, that offers customer service, technical support, revenue generation, and other revenue generation outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that comprises digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients' customer experience.

Read More

Analyst Recommendations for IBEX (NASDAQ:IBEX)

Receive News & Ratings for IBEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IBEX and related companies with MarketBeat.com's FREE daily email newsletter.