Verisk Analytics (NASDAQ:VRSK) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Verisk Analytics (NASDAQ:VRSK) had its price objective raised by equities researchers at BMO Capital Markets from $263.00 to $276.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price objective suggests a potential upside of 0.19% from the stock’s current price.

Several other brokerages have also recently issued reports on VRSK. Robert W. Baird increased their target price on Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a research report on Thursday. Wells Fargo & Company upgraded Verisk Analytics to a “strong-buy” rating in a report on Tuesday, August 13th. Evercore ISI reiterated an “in-line” rating and set a $279.00 price objective on shares of Verisk Analytics in a report on Wednesday, October 2nd. Morgan Stanley increased their price objective on Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Finally, UBS Group increased their price objective on Verisk Analytics from $255.00 to $285.00 and gave the company a “neutral” rating in a report on Tuesday, July 9th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Verisk Analytics presently has a consensus rating of “Moderate Buy” and a consensus price target of $285.80.

Verisk Analytics Stock Up 0.3 %

Shares of NASDAQ VRSK opened at $275.48 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.95 and a debt-to-equity ratio of 8.36. The stock has a market capitalization of $38.90 billion, a PE ratio of 42.98, a price-to-earnings-growth ratio of 3.47 and a beta of 0.86. The stock’s fifty day simple moving average is $269.07 and its two-hundred day simple moving average is $262.52. Verisk Analytics has a 12-month low of $217.34 and a 12-month high of $287.13.

Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.07. The business had revenue of $725.30 million for the quarter, compared to analysts’ expectations of $722.19 million. Verisk Analytics had a return on equity of 274.13% and a net margin of 32.65%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.52 EPS. As a group, analysts expect that Verisk Analytics will post 6.61 EPS for the current fiscal year.

Insider Buying and Selling

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total transaction of $54,266.00. Following the completion of the transaction, the chief financial officer now owns 15,808 shares in the company, valued at approximately $4,289,184.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Verisk Analytics

Institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in shares of Verisk Analytics during the 2nd quarter valued at about $31,000. Chilton Capital Management LLC purchased a new position in shares of Verisk Analytics during the 2nd quarter valued at about $34,000. Rothschild Investment LLC purchased a new position in shares of Verisk Analytics during the 2nd quarter valued at about $41,000. Kings Path Partners LLC purchased a new position in shares of Verisk Analytics during the 2nd quarter valued at about $46,000. Finally, Carolina Wealth Advisors LLC acquired a new stake in shares of Verisk Analytics during the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Verisk Analytics Company Profile

Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.