Verisk Analytics (VRSK) Given a $101.00 Price Target at Keefe, Bruyette & Woods
Verisk Analytics (NASDAQ:VRSK) has been assigned a $101.00 price target by Keefe, Bruyette & Woods in a report issued on Friday. The firm presently has a “buy” rating on the business services provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 4.75% from the stock’s current price.
VRSK has been the topic of several other reports. Goldman Sachs Group began coverage on Verisk Analytics in a research report on Wednesday, November 8th. They issued a “neutral” rating and a $89.00 target price on the stock. Royal Bank Of Canada reiterated a “hold” rating and set a $83.00 price target on shares of Verisk Analytics in a research note on Thursday, November 2nd. Credit Suisse Group boosted their price target on shares of Verisk Analytics from $85.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Barclays boosted their price target on shares of Verisk Analytics from $86.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. Finally, Morgan Stanley boosted their price objective on shares of Verisk Analytics from $83.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $89.07.
Shares of Verisk Analytics (NASDAQ VRSK) opened at $96.42 on Friday. The firm has a market cap of $15,920.00, a price-to-earnings ratio of 29.76, a PEG ratio of 3.38 and a beta of 0.76. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. Verisk Analytics has a 1-year low of $75.60 and a 1-year high of $96.92.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.06. The firm had revenue of $549.10 million for the quarter, compared to analyst estimates of $527.97 million. Verisk Analytics had a net margin of 22.09% and a return on equity of 36.91%. Verisk Analytics’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the business earned $0.84 EPS. analysts predict that Verisk Analytics will post 3.17 EPS for the current fiscal year.
In other news, Director Andrew G. Mills sold 3,000 shares of Verisk Analytics stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $92.72, for a total transaction of $278,160.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kenneth E. Thompson sold 80,207 shares of Verisk Analytics stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $85.13, for a total transaction of $6,828,021.91. Following the sale, the executive vice president now directly owns 107,264 shares of the company’s stock, valued at $9,131,384.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 321,146 shares of company stock valued at $27,721,244. 3.41% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of VRSK. Russell Investments Group Ltd. boosted its holdings in Verisk Analytics by 8.6% in the second quarter. Russell Investments Group Ltd. now owns 304,475 shares of the business services provider’s stock valued at $25,688,000 after acquiring an additional 23,996 shares during the last quarter. Shell Asset Management Co. grew its position in shares of Verisk Analytics by 4.2% in the second quarter. Shell Asset Management Co. now owns 17,035 shares of the business services provider’s stock valued at $1,437,000 after purchasing an additional 693 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Verisk Analytics by 13.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 7,467 shares of the business services provider’s stock valued at $630,000 after acquiring an additional 878 shares during the period. Rothschild Asset Management Inc. increased its stake in Verisk Analytics by 1.7% during the 2nd quarter. Rothschild Asset Management Inc. now owns 6,539 shares of the business services provider’s stock worth $552,000 after buying an additional 109 shares during the period. Finally, First Manhattan Co. increased its stake in Verisk Analytics by 1.6% during the 2nd quarter. First Manhattan Co. now owns 3,658 shares of the business services provider’s stock worth $308,000 after buying an additional 58 shares during the period. Institutional investors and hedge funds own 95.05% of the company’s stock.
Verisk Analytics Company Profile
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources and financial services. The Company operates through two segments: Risk Assessment and Decision Analytics. Its Risk Assessment segment serves its property and casualty insurance customers and focuses on prediction of loss, selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate.
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