Shares of IHS Markit Ltd (NASDAQ:INFO) have been given a consensus recommendation of “Buy” by the nineteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $58.00.
Several equities research analysts recently issued reports on INFO shares. Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Tuesday, September 25th. JPMorgan Chase & Co. raised their price target on IHS Markit from $51.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, September 27th. Barclays initiated coverage on IHS Markit in a research report on Thursday, October 11th. They set an “overweight” rating on the stock. Morgan Stanley set a $49.00 price target on IHS Markit and gave the company a “sell” rating in a research report on Thursday, September 13th. Finally, BidaskClub upgraded IHS Markit from a “hold” rating to a “buy” rating in a research report on Tuesday, December 4th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Hawaiian Bank increased its holdings in shares of IHS Markit by 56.1% in the fourth quarter. First Hawaiian Bank now owns 2,705 shares of the business services provider’s stock worth $130,000 after buying an additional 972 shares during the period. State of Alaska Department of Revenue increased its holdings in IHS Markit by 8.2% during the 4th quarter. State of Alaska Department of Revenue now owns 75,384 shares of the business services provider’s stock valued at $3,615,000 after purchasing an additional 5,698 shares during the period. Federated Investors Inc. PA increased its holdings in IHS Markit by 230.0% during the 3rd quarter. Federated Investors Inc. PA now owns 1,217,961 shares of the business services provider’s stock valued at $65,721,000 after purchasing an additional 848,915 shares during the period. Marshall Wace LLP purchased a new position in IHS Markit during the 3rd quarter valued at about $2,565,000. Finally, Great Lakes Advisors LLC purchased a new position in IHS Markit during the 3rd quarter valued at about $523,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.
NASDAQ:INFO traded down $0.40 during trading hours on Tuesday, hitting $49.49. 22,535 shares of the company’s stock traded hands, compared to its average volume of 2,518,617. The firm has a market capitalization of $19.55 billion, a price-to-earnings ratio of 29.46, a P/E/G ratio of 2.12 and a beta of 0.81. IHS Markit has a 52 week low of $43.07 and a 52 week high of $55.99. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.43 and a current ratio of 0.43.
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.
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