Royal Bank of Canada reissued their buy rating on shares of IHS Markit (NASDAQ:INFO) in a research note published on Friday, January 19th. Royal Bank of Canada currently has a $55.00 target price on the business services provider’s stock.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of IHS Markit from a hold rating to a buy rating and set a $50.00 price target on the stock in a research note on Wednesday, December 6th. 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 target on the stock. SunTrust Banks reaffirmed a buy rating and set a $54.00 target price on shares of IHS Markit in a research note on Wednesday, January 17th. Cantor Fitzgerald reaffirmed a hold rating and set a $45.00 target price on shares of IHS Markit in a research note on Tuesday, September 26th. Finally, UBS Group lowered their target price on shares of IHS Markit from $45.00 to $44.00 and set a neutral rating on the stock in a research note on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $49.14.
IHS Markit (NASDAQ:INFO) traded up $0.90 on Friday, reaching $45.21. 2,525,400 shares of the company’s stock were exchanged, compared to its average volume of 2,500,672. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.45. The stock has a market cap of $17,840.00, a price-to-earnings ratio of 45.21, a PEG ratio of 2.07 and a beta of 0.83. IHS Markit has a 12 month low of $37.82 and a 12 month high of $49.19.
IHS Markit (NASDAQ:INFO) last posted its earnings results on Tuesday, January 16th. The business services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.10. The firm had revenue of $944.70 million during the quarter, compared to analyst estimates of $912.65 million. IHS Markit had a net margin of 11.58% and a return on equity of 8.98%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS. equities research analysts anticipate that IHS Markit will post 1.84 EPS for the current fiscal year.
In related news, CFO Todd S. Hyatt sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $47.40, for a total value of $1,185,000.00. Following the completion of the transaction, the chief financial officer now directly owns 415,128 shares of the company’s stock, valued at $19,677,067.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Daniel Yergin sold 66,871 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $47.46, for a total value of $3,173,697.66. Following the completion of the transaction, the insider now directly owns 338,776 shares of the company’s stock, valued at $16,078,308.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 208,562 shares of company stock valued at $9,923,853.
Hedge funds have recently bought and sold shares of the company. Zions Bancorporation purchased a new stake in shares of IHS Markit during the third quarter worth approximately $126,000. ETF Managers Group LLC acquired a new stake in IHS Markit in the second quarter valued at $135,000. Huntington National Bank acquired a new stake in IHS Markit in the third quarter valued at $173,000. Flinton Capital Management LLC acquired a new stake in IHS Markit in the second quarter valued at $180,000. Finally, Riverhead Capital Management LLC acquired a new stake in shares of IHS Markit during the second quarter valued at $198,000. 99.38% of the stock is 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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