Cantor Fitzgerald analyst Joseph Foresi maintained a Buy rating on Verisk Analytics (NASDAQ: VRSK) today and set a price target of $112. The company’s shares opened today at $111.50, close to its 52-week high of $111.99.
Foresi wrote:
“. We continue our Charts series, in which we look at our coverage universe periodically for an opportunity in names where the Fundamentals match up with the Technicals. We look this week at Overweight-rated VRSK with a 12-month price target of $112*. Fundamentally, we see reason for optimism as growth rates are above industry average and operating margins near the higher end of competitors. Technically, VRSK is in a solid upward channel.”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 20.5% and a 87.1% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Verisk Analytics with a $113.33 average price target.
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Verisk Analytics’ market cap is currently $18.42B and has a P/E ratio of 32.34. The company has a Price to Book ratio of 8.43.
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. Last month, Vincent De Mccarthy, the SVP, Corp Dev & Strategy of VRSK sold 35,000 shares for a total of $3,817,100.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Verisk Analytics, Inc. is a holding company, which engages in the provision of data analytics for customers in insurance, energy and specialized markets, and financial services. It operates through the Decision Analytics and Risk Assessment segments.
