Headlines about IHS Markit (NASDAQ:INFO) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. IHS Markit earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 46.2084885117994 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern’s analysis:
NASDAQ:INFO traded down $0.07 during trading hours on Monday, reaching $48.00. The company had a trading volume of 1,715,269 shares, compared to its average volume of 2,223,643. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $19,203.62, a price-to-earnings ratio of 28.57, a PEG ratio of 2.24 and a beta of 0.78. IHS Markit has a twelve month low of $41.43 and a twelve month high of $50.00.
IHS Markit (NASDAQ:INFO) last posted its quarterly earnings results on Tuesday, March 27th. The business services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. The business had revenue of $932.10 million during the quarter, compared to analysts’ expectations of $906.91 million. IHS Markit had a net margin of 16.06% and a return on equity of 9.33%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the company posted $0.46 earnings per share. equities analysts predict that IHS Markit will post 1.84 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on INFO shares. Royal Bank of Canada reissued a “buy” rating and set a $52.00 target price on shares of IHS Markit in a research note on Wednesday, December 20th. Zacks Investment Research raised shares of IHS Markit from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Tuesday, January 16th. BidaskClub downgraded shares of IHS Markit from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 30th. Piper Jaffray reissued a “buy” rating and set a $54.00 target price on shares of IHS Markit in a research note on Wednesday, January 17th. Finally, BMO Capital Markets reissued a “buy” rating and set a $52.00 target price on shares of IHS Markit in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $52.31.
In other IHS Markit news, Director Robert P. Kelly acquired 10,000 shares of IHS Markit stock in a transaction dated Thursday, January 25th. The stock was purchased at an average cost of $48.69 per share, for a total transaction of $486,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Todd S. Hyatt sold 25,000 shares of IHS Markit stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $47.40, for a total transaction of $1,185,000.00. Following the transaction, the chief financial officer now owns 415,128 shares of the company’s stock, valued at $19,677,067.20. The disclosure for this sale can be found here. Insiders sold 215,962 shares of company stock valued at $10,276,019 over the last 90 days. Corporate insiders own 2.68% of the company’s stock.
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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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