Clarivate appoints Andy Snyder as board chair
September 2, 2022
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Clarivate Plc Intrinsic Value –
Clarivate($NYSE:CLVT) PLC has appointed Andy Snyder as board chair, effective immediately after the Oct. 20 board meeting. Snyder is CEO of Cambridge Information Group and vice chairman of Clarivate. Some investors are concerned that Snyder’s appointment may affect Clarivate’s earnings in the long term.
However, Snyder is a experienced executive and his appointment could bring fresh perspective to the company.
Market Price
In his new role, Snyder will be responsible for overseeing the company’s strategy and operations. Clarivate is a global provider of data and analytics solutions.
VI Analysis – Clarivate Plc Intrinsic Value
A company’s fundamentals are a reflection of its long term potential. The below analysis of Clarivate PLC’s fundamentals has been made simple by the VI app. The fair value of Clarivate PLC’s share is around $27.9, as calculated by the VI Line. This means that the stock is currently trading at $11.6, which is 58% below its fair value. This indicates that Clarivate PLC is currently undervalued.
Summary
Prior to joining Third Point, Snyder was a managing director at Goldman Sachs.
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