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RBC Capital Cuts Verisk Analytics Price Target By ~8%

·1 min read
  • RBC Capital analyst Ashish Sabadra lowered the price target for Verisk Analytics, Inc. (NASDAQ: VRSK) to $210 from $227 while maintaining the Outperform rating on the shares.

  • The analyst expects 2Q22 revenues modestly below consensus as the tailwinds from strong insurance premium growth, international travel, and a potential uptick in auto insurance are more than offset by weakness in workers’ comp, difficult comps from the Texas freeze, and the impact of Russia on Energy.

  • Sabadra adds that 2Q22 margins will likely be impacted by the stranded costs and similar margin headwinds in 1Q22; however, the financial divestiture should drive higher consolidated margins.

  • The analyst mentions that the defensive end-market and portfolio rationalization position the stock well in a choppy tape.

  • Price Action: VRSK shares are trading higher by 1.11% at $170.82 on the last check Wednesday.

Latest Ratings for VRSK

Date

Firm

Action

From

To

Mar 2022

Raymond James

Maintains

Outperform

Jan 2022

Morgan Stanley

Downgrades

Overweight

Equal-Weight

Dec 2021

RBC Capital

Maintains

Outperform

View More Analyst Ratings for VRSK

View the Latest Analyst Ratings

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