SunTrust Banks reissued their buy rating on shares of IHS Markit (NASDAQ:INFO) in a report published on Wednesday morning. SunTrust Banks currently has a $61.00 target price on the business services provider’s stock. SunTrust Banks also issued estimates for IHS Markit’s Q3 2018 earnings at $0.45 EPS and Q4 2018 earnings at $0.48 EPS.
Several other research analysts also recently commented on INFO. Zacks Investment Research raised shares of IHS Markit from a hold rating to a buy rating and set a $56.00 price target for the company in a report on Wednesday. BidaskClub raised shares of IHS Markit from a hold rating to a buy rating in a report on Saturday, June 23rd. ValuEngine downgraded shares of IHS Markit from a buy rating to a hold rating in a report on Saturday, June 2nd. Piper Jaffray Companies reaffirmed an overweight rating and set a $57.00 price objective on shares of IHS Markit in a report on Wednesday, March 28th. Finally, Wells Fargo & Co lifted their price objective on shares of IHS Markit from $55.00 to $56.00 and gave the stock an outperform rating in a report on Wednesday, March 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $55.38.
Shares of IHS Markit opened at $51.59 on Wednesday, Marketbeat Ratings reports. The company has a quick ratio of 0.79, a current ratio of 1.41 and a debt-to-equity ratio of 0.56. IHS Markit has a one year low of $42.40 and a one year high of $53.05. The firm has a market capitalization of $20.39 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 2.37 and a beta of 0.77.
IHS Markit (NASDAQ:INFO) last announced its quarterly earnings results on Tuesday, June 26th. The business services provider reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.04. IHS Markit had a net margin of 16.03% and a return on equity of 9.68%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $974.12 million. During the same period last year, the firm earned $0.52 EPS. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. equities analysts expect that IHS Markit will post 1.85 earnings per share for the current fiscal year.
In other IHS Markit news, CFO Todd S. Hyatt sold 25,000 shares of the business’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $49.06, for a total value of $1,226,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Lance Darrell Gordon Uggla sold 80,000 shares of the business’s stock in a transaction on Monday, April 9th. The stock was sold at an average price of $48.36, for a total transaction of $3,868,800.00. Following the completion of the sale, the chief executive officer now directly owns 806,023 shares of the company’s stock, valued at $38,979,272.28. The disclosure for this sale can be found here. Insiders sold 622,400 shares of company stock valued at $30,314,866 over the last three months. 2.68% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. Ostrum Asset Management bought a new stake in IHS Markit in the first quarter worth $186,000. Korea Investment CORP lifted its stake in IHS Markit by 42.0% in the first quarter. Korea Investment CORP now owns 4,730 shares of the business services provider’s stock worth $228,000 after purchasing an additional 1,400 shares during the last quarter. ETRADE Capital Management LLC bought a new stake in IHS Markit in the fourth quarter worth $247,000. Rehmann Capital Advisory Group bought a new stake in IHS Markit in the fourth quarter worth $261,000. Finally, D.A. Davidson & CO. bought a new stake in IHS Markit in the first quarter worth $306,000. 96.26% of the stock is owned by institutional investors and hedge funds.
About IHS Markit
IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets that drive economies worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government.
Receive News & Ratings for IHS Markit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IHS Markit and related companies with MarketBeat.com's FREE daily email newsletter.