Verisk Analytics (VRSK) Earns “Buy” Rating from Cantor Fitzgerald
Verisk Analytics (NASDAQ:VRSK)‘s stock had its “buy” rating reissued by equities researchers at Cantor Fitzgerald in a research report issued to clients and investors on Thursday. They currently have a $135.00 price target on the business services provider’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 15.25% 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.””
Several other analysts have also recently weighed in on VRSK. Robert W. Baird increased their price target on shares of Verisk Analytics from $125.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, November 1st. SunTrust Banks upped their price objective on shares of Verisk Analytics to $120.00 in a report on Thursday, November 1st. BidaskClub lowered shares of Verisk Analytics from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 22nd. Bank of America initiated coverage on shares of Verisk Analytics in a report on Tuesday, October 23rd. They issued a “neutral” rating and a $125.00 price objective on the stock. Finally, Zacks Investment Research restated a “hold” rating on shares of Verisk Analytics in a report on Saturday, November 17th. 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. The company presently has a consensus rating of “Buy” and an average target price of $114.42.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Tuesday, October 30th. The business services provider reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. Verisk Analytics had a net margin of 27.94% and a return on equity of 31.53%. The business had revenue of $598.70 million during the quarter, compared to analysts’ expectations of $596.79 million. During the same quarter in the prior year, the company posted $0.84 EPS. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities analysts expect that Verisk Analytics will post 4.15 earnings per share for the current fiscal year.
In other Verisk Analytics news, CFO Lee Shavel bought 312 shares of Verisk Analytics stock in a transaction on Wednesday, November 21st. The shares were bought at an average cost of $120.00 per share, for a total transaction of $37,440.00. Following the acquisition, the chief financial officer now directly owns 29,734 shares in the company, valued at $3,568,080. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott G. Stephenson sold 18,756 shares of the stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $122.98, for a total transaction of $2,306,612.88. Following the sale, the chief executive officer now owns 847,652 shares in the company, valued at $104,244,242.96. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 936 shares of company stock worth $112,080 and have sold 303,674 shares worth $36,360,561. 3.19% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. TRUE Private Wealth Advisors purchased a new stake in shares of Verisk Analytics in the 3rd quarter valued at approximately $110,000. Financial Architects Inc purchased a new stake in shares of Verisk Analytics in the 3rd quarter valued at approximately $113,000. Fort L.P. purchased a new stake in shares of Verisk Analytics in the 2nd quarter valued at approximately $121,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Verisk Analytics in the 3rd quarter valued at approximately $139,000. Finally, NuWave Investment Management LLC increased its position in shares of Verisk Analytics by 458.2% in the 3rd quarter. NuWave Investment Management LLC now owns 1,189 shares of the business services provider’s stock valued at $143,000 after purchasing an additional 976 shares during the last quarter. Institutional investors own 93.17% of the company’s stock.
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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