Verisk Analytics (NASDAQ:VRSK)‘s stock had its “buy” rating reissued by stock analysts at Cantor Fitzgerald in a note issued to investors on Thursday. They currently have a $135.00 price objective on the business services provider’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 17.96% from the company’s current price.
The analysts wrote, “. We maintain our Overweight rating on Verisk and our 12-month PT of $135 following VRSK’s analyst day. Verisk believes major opportunities remain through digital engagement and international expansion. Management reiterated its long-term targets (Click here for slide deck). We remain attracted to Verisk’s faster-than-average industry growth and operating margins that are near the higher end of those of competitors.””
A number of other equities analysts have also recently weighed in on VRSK. BidaskClub cut Verisk Analytics from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 22nd. Zacks Investment Research cut Verisk Analytics from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. Morgan Stanley reissued a “hold” rating and set a $119.00 price objective (up from $113.00) on shares of Verisk Analytics in a report on Thursday, September 13th. Bank of America began coverage on Verisk Analytics in a report on Tuesday, October 23rd. They set a “neutral” rating and a $125.00 price objective on the stock. Finally, Robert W. Baird raised their price objective on Verisk Analytics from $125.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, November 1st. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Verisk Analytics currently has a consensus rating of “Buy” and an average price target of $116.00.
Shares of VRSK opened at $114.45 on Thursday. The stock has a market cap of $19.82 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 2.49 and a beta of 0.62. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.96. Verisk Analytics has a 12-month low of $90.60 and a 12-month high of $125.99.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, October 30th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.01. The firm had revenue of $598.70 million during the quarter, compared to the consensus estimate of $596.79 million. Verisk Analytics had a return on equity of 31.53% and a net margin of 27.94%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $0.84 EPS. On average, equities analysts forecast that Verisk Analytics will post 4.15 earnings per share for the current year.
In other Verisk Analytics news, Director David B. Wright sold 4,200 shares of Verisk Analytics stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $121.03, for a total value of $508,326.00. Following the transaction, the director now directly owns 27,941 shares of the company’s stock, valued at approximately $3,381,699.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vincent De P. Mccarthy sold 3,090 shares of Verisk Analytics stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $123.48, for a total value of $381,553.20. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 936 shares of company stock worth $112,080 and sold 303,674 shares worth $36,360,561. 3.19% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the business. Asset Dedication LLC increased its stake in Verisk Analytics by 445.9% in the 2nd quarter. Asset Dedication LLC now owns 5,656 shares of the business services provider’s stock worth $610,000 after purchasing an additional 4,620 shares during the period. Toronto Dominion Bank increased its stake in Verisk Analytics by 17.7% in the 2nd quarter. Toronto Dominion Bank now owns 111,318 shares of the business services provider’s stock worth $11,980,000 after purchasing an additional 16,757 shares during the period. Strs Ohio increased its stake in Verisk Analytics by 5.1% in the 2nd quarter. Strs Ohio now owns 211,510 shares of the business services provider’s stock worth $22,766,000 after purchasing an additional 10,174 shares during the period. Swiss National Bank increased its stake in Verisk Analytics by 2.8% in the 2nd quarter. Swiss National Bank now owns 600,043 shares of the business services provider’s stock worth $64,589,000 after purchasing an additional 16,400 shares during the period. Finally, Nikko Asset Management Americas Inc. increased its stake in Verisk Analytics by 48.3% in the 3rd quarter. Nikko Asset Management Americas Inc. now owns 392,648 shares of the business services provider’s stock worth $47,569,000 after purchasing an additional 127,813 shares during the period. 93.17% of the stock is currently owned by institutional investors and hedge funds.
Verisk Analytics Company Profile
Verisk Analytics, Inc provides data analytics solutions for customers in the insurance, energy, and financial markets in the United States and internationally. Its Decision Analytics segment develops predictive models to forecast scenarios, and produce standard and customized analytics for predicting loss, selecting and pricing risk, detecting fraud before and after a loss event, and quantifying losses.
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