Barclays Believes Verisk Analytics (NASDAQ: VRSK) Still Has Room to Grow

By Austin Angelo

In a report issued on May 3, Manav Patnaik from Barclays maintained a Buy rating on Verisk Analytics (VRSKResearch Report), with a price target of $155. The company’s shares closed on Friday at $143.21, close to its 52-week high of $143.27.

According to TipRanks.com, Patnaik is a 5-star analyst with an average return of 12.3% and a 71.8% success rate. Patnaik covers the Services sector, focusing on stocks such as Emerald Expositions Events Inc, Thomson Reuters Corp, and ManpowerGroup Inc.

Currently, the analyst consensus on Verisk Analytics is a Hold with an average price target of $137.50, a -4.0% downside from current levels. In a report issued on May 1, Cantor Fitzgerald also maintained a Buy rating on the stock with a $156 price target.

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Verisk Analytics’ market cap is currently $23.44B and has a P/E ratio of 40.00. The company has a Price to Book ratio of 10.80.

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.