In a report released today, Joseph Foresi from Cantor Fitzgerald maintained a Buy rating on Verisk Analytics (NASDAQ: VRSK), with a price target of $130. The company’s shares opened today at $116.91, close to its 52-week high of $122.80.
Foresi wrote:
“. We maintain our Overweight rating on Verisk and our 12- month PT of $130*. Quarterly top-line results were above expectations, getting a boost from recent acquisitions. Organic growth in constant currency (cc) was +5% (7.5% excluding non-recurring rev benefits in 3Q17). Margins were below expectations, but much better than in the previous period. Organic growth improved in Energy. We look to the call to provide color on the business segments, margins, and organic revenue growth. Conference call is on 10/31 at 8:30 AM ET.”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 16.2% and a 73.6% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.
Verisk Analytics has an analyst consensus of Moderate Buy, with a price target consensus of $121.38.
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Verisk Analytics’ market cap is currently $18.86B and has a P/E ratio of 31.45. The company has a Price to Book ratio of 9.09.
Based on the recent corporate insider activity of 91 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 and specialized markets, and financial services. It operates through the Decision Analytics and Risk Assessment segments.
