IHS Markit (NASDAQ:INFO) Downgraded by Zacks Investment Research

IHS Markit (NASDAQ:INFO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday, January 3rd. They presently have a $51.00 price objective on the business services provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 6.58% from the company’s previous close.

According to Zacks, “IHS Markit Ltd. provides information, analytics and solutions to customers. It serves business, finance and government. IHS Markit Ltd., formerly known as Markit Ltd., is based in LONDON, United Kingdom. “

INFO has been the subject of several other research reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $52.00 target price on shares of IHS Markit in a research note on Wednesday, December 20th. UBS Group lowered their price objective on shares of IHS Markit from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, November 17th. SunTrust Banks raised their price objective on shares of IHS Markit to $48.00 and gave the company a “hold” rating in a research note on Tuesday, November 14th. Goldman Sachs Group assumed coverage on shares of IHS Markit in a research note on Wednesday, November 8th. They issued a “buy” rating and a $55.00 price objective for the company. Finally, Morgan Stanley lowered their price objective on shares of IHS Markit from $41.00 to $40.00 and set an “underweight” rating for the company in a research note on Wednesday, September 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $47.93.

Shares of IHS Markit (NASDAQ:INFO) opened at $47.85 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market cap of $18,931.48, a PE ratio of 29.30, a P/E/G ratio of 2.26 and a beta of 0.83. IHS Markit has a 12-month low of $36.73 and a 12-month high of $48.53.

Several institutional investors have recently made changes to their positions in INFO. Federated Investors Inc. PA acquired a new position in shares of IHS Markit in the 2nd quarter valued at $252,000. Victory Capital Management Inc. acquired a new position in IHS Markit in the 2nd quarter valued at $241,000. Royce & Associates LP increased its stake in IHS Markit by 2.7% in the 2nd quarter. Royce & Associates LP now owns 99,468 shares of the business services provider’s stock valued at $4,381,000 after buying an additional 2,600 shares during the period. Prudential Financial Inc. increased its stake in IHS Markit by 6,953.5% in the 2nd quarter. Prudential Financial Inc. now owns 415,450 shares of the business services provider’s stock valued at $18,297,000 after buying an additional 409,560 shares during the period. Finally, Keybank National Association OH increased its stake in IHS Markit by 54.6% in the 2nd quarter. Keybank National Association OH now owns 13,122 shares of the business services provider’s stock valued at $578,000 after buying an additional 4,633 shares during the period. 98.94% of the stock is currently owned by institutional investors and hedge funds.

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IHS Markit Company Profile

IHS Markit Ltd., formerly Markit Ltd., is a provider of critical information and analytics for the major industries, financial markets and governments. The Company operates through four segments: Resources, Transportation, Consolidated Markets & Solutions (CMS) and Financial Services. The Resources segment includes its energy and chemicals product offerings.

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