Cantor Fitzgerald analyst Joseph Foresi maintained a Buy rating on Verisk Analytics (VRSK) today and set a price target of $135. The company’s shares opened today at $141.14, close to its 52-week high of $141.30.
Foresi said:
“. We maintain our Overweight rating on Verisk and our 12- month PT of $135. Quarterly top-line results came in higher than expectations, getting a boost from recent acquisitions. Organic growth in constant currency (cc) was +6.7%. Margins were below expectations. Organic growth accelerated sequentially in all segments. We look to the call to provide color on the business segments, margins, and organic revenue growth. Conference call is on 5/1 at 8:30 AM ET.”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 22.8% and a 89.9% success rate. Foresi covers the Technology sector, focusing on stocks such as International Business Machines Corporation, Jack Henry & Associates, and Fidelity National Info.
Verisk Analytics has an analyst consensus of Hold, with a price target consensus of $125.20.
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Based on Verisk Analytics’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $146 million. In comparison, last year the company had a net profit of $133 million.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock.
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Verisk Analytics, Inc. is a holding company, which engages in the provision of data analytics for customers in insurance, energy markets and financial services. It operates through the following segments: Insurance, Energy & Specialized Markets and Financial Services.
