Verisk Analytics and Ball Partner to Develop Advanced Analytics for Energy Markets


Verisk Analytics, Inc. (VRSK) subsidiary Wood Mackenzie has signed an agreement with the aerospace segment of Ball Corp. (BLL) for the development of advanced analytics for energy markets.

Based in New Jersey, Verisk Analytics is a data analytics and risk assessment company with clients in the insurance, natural resources, financial services, government and risk management industries.

Wood Mackenzie maintains a network of field monitors and provides alternative energy data to the commodity and energy industries. (See insider hot stocks on TipRanks)

Meanwhile, Ball, headquartered in Colorado, supplies aluminum packaging products to the beverage, personal care, automotive, paint, healthcare and household products industries.

Agreement Details

As part of the agreement, data from Wood Mackenzie’s network of field monitors and satellite data analytics from Ball Aerospace will be combined to provide a near real-time view of the natural resources sector.

Management Comments

Vice President of Innovation and Head of Innovation and Analytics Lab at Wood Mackenzie, Devin Geoghegan, said, “In partnership with Ball, we plan to develop a suite of datasets and cutting-edge analytics that will deliver significant additional value to customers.

Vice President and General Manager of Systems Engineering Solutions at Ball Aerospace, Steve Smith, said, “This collaboration with the Wood Mackenzie team provides an opportunity to extend our expertise in remote sensing and data analytics to new apps.

The Wall Street Ball

Recently, BMO Capital analyst Mark Wilde maintained a Hold rating on Ball with a price target of $87 (5.1% downside potential).

The analyst expects the company to report earnings per share (EPS) of $0.62 in the fourth quarter of 2021.

Ball analyst recommendation

Overall, the stock has a Consensus Hold Rating based on 2 buys and 8 strikes. The average Ball price target of $99.78 implies nearly 9% upside potential. Shares have gained 4.4% over the past six months.

Ball risk analysis

According to TipRanks’ Risk Factors tool, Ball is primarily threatened by two factors: Macro & Politics and Finance & Corporate, which represent 27% and 23% respectively of the total of 30 risks identified for the stock.

In the macro and political risk category, the company has eight risks, and in the finance and business category, there are seven risks. Details of these risks can be found on the TipRanks website.

Wall Street’s view of Verisk

On November 8, BMO Capital analyst Jeffrey Silber reiterated a Hold rating on Verisk with a price target of $216 (upside potential of 1.4%).

The analyst expects the company to post EPS of $1.25 in the fourth quarter of 2021.

Analyst recommendation on Verisk

Overall, the stock has a Strong Buy consensus rating based on 6 Buys and 2 Holds. Verisk Analytics’ average price target of $234 implies nearly 10% upside potential. The shares have gained 23.8% over the past six months.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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