IHS Markit Ltd (NASDAQ:INFO) has been given a consensus recommendation of “Buy” by the sixteen research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $53.00.
Several analysts have issued reports on INFO shares. Royal Bank of Canada restated a “buy” rating and set a $52.00 price objective on shares of IHS Markit in a report on Wednesday, December 20th. Zacks Investment Research upgraded IHS Markit from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Tuesday, January 16th. BidaskClub downgraded IHS Markit from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 30th. Piper Jaffray reiterated a “buy” rating and issued a $54.00 target price on shares of IHS Markit in a report on Wednesday, January 17th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $52.00 target price on shares of IHS Markit in a report on Wednesday, January 17th.
NASDAQ INFO opened at $48.07 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market cap of $19,459.30, a price-to-earnings ratio of 28.61, a P/E/G ratio of 2.27 and a beta of 0.78. IHS Markit has a 1 year low of $41.43 and a 1 year high of $50.00.
IHS Markit (NASDAQ:INFO) last posted its quarterly earnings data on Tuesday, March 27th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03. The firm had revenue of $932.10 million for the quarter, compared to the consensus estimate of $906.91 million. IHS Markit had a return on equity of 9.33% and a net margin of 16.06%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 EPS. sell-side analysts expect that IHS Markit will post 1.84 earnings per share for the current year.
In related news, CFO Todd S. Hyatt sold 25,000 shares of the business’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 sale, the chief financial officer now owns 415,128 shares of the company’s stock, valued at approximately $19,677,067.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman Daniel Yergin sold 66,871 shares of the business’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 sale, the insider now directly owns 338,776 shares of the company’s stock, valued at approximately $16,078,308.96. The disclosure for this sale can be found here. Insiders sold a total of 215,962 shares of company stock worth $10,276,019 in the last quarter. 2.68% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. AMP Capital Investors Ltd grew its stake in shares of IHS Markit by 18.8% in the 3rd quarter. AMP Capital Investors Ltd now owns 212,779 shares of the business services provider’s stock valued at $9,378,000 after buying an additional 33,707 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of IHS Markit by 23.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,936,881 shares of the business services provider’s stock valued at $177,750,000 after buying an additional 737,185 shares in the last quarter. American International Group Inc. grew its stake in shares of IHS Markit by 27.7% in the 4th quarter. American International Group Inc. now owns 156,617 shares of the business services provider’s stock valued at $7,071,000 after buying an additional 33,997 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of IHS Markit in the 4th quarter valued at approximately $11,839,000. Finally, Wells Fargo & Company MN grew its stake in shares of IHS Markit by 0.3% in the 4th quarter. Wells Fargo & Company MN now owns 1,717,478 shares of the business services provider’s stock valued at $77,546,000 after buying an additional 5,907 shares in the last quarter. 97.13% of the stock is owned by institutional investors and hedge funds.
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About IHS Markit
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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