Shares of IHS Markit Ltd (NASDAQ:INFO) have been assigned a consensus rating of “Buy” from the sixteen research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $64.14.
Several research firms have issued reports on INFO. Cantor Fitzgerald upped their price target on IHS Markit from $51.00 to $59.00 and gave the company a “neutral” rating in a report on Thursday, June 27th. Canaccord Genuity started coverage on shares of IHS Markit in a research report on Thursday, September 12th. They set a “buy” rating and a $78.00 price objective on the stock. Zacks Investment Research upgraded shares of IHS Markit from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Monday, August 26th. BidaskClub cut shares of IHS Markit from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 12th. Finally, SunTrust Banks lifted their price objective on shares of IHS Markit from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th.
In other IHS Markit news, CFO Todd S. Hyatt sold 25,483 shares of IHS Markit stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $63.56, for a total transaction of $1,619,699.48. Following the transaction, the chief financial officer now directly owns 217,600 shares in the company, valued at approximately $13,830,656. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Adam Jason Kansler sold 150,000 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $65.09, for a total transaction of $9,763,500.00. Following the transaction, the executive vice president now owns 269,467 shares in the company, valued at $17,539,607.03. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 300,483 shares of company stock worth $19,436,699. Corporate insiders own 1.11% of the company’s stock.
Several institutional investors have recently bought and sold shares of INFO. Nuveen Asset Management LLC grew its stake in IHS Markit by 2,581.8% during the second quarter. Nuveen Asset Management LLC now owns 4,641,197 shares of the business services provider’s stock worth $295,737,000 after buying an additional 4,468,132 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of IHS Markit by 381.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,717,941 shares of the business services provider’s stock worth $234,601,000 after buying an additional 2,945,175 shares in the last quarter. Invesco Ltd. grew its position in shares of IHS Markit by 42.5% during the 2nd quarter. Invesco Ltd. now owns 6,093,263 shares of the business services provider’s stock worth $388,262,000 after buying an additional 1,817,444 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of IHS Markit by 24.0% during the 1st quarter. Clearbridge Investments LLC now owns 8,222,320 shares of the business services provider’s stock worth $447,130,000 after buying an additional 1,591,992 shares in the last quarter. Finally, TimesSquare Capital Management LLC bought a new position in shares of IHS Markit during the 1st quarter worth $52,411,000. Institutional investors and hedge funds own 96.18% of the company’s stock.
Shares of NASDAQ INFO traded down $0.53 during trading on Friday, hitting $67.22. The company had a trading volume of 1,041,487 shares, compared to its average volume of 1,803,999. The company has a market cap of $27.21 billion, a P/E ratio of 33.95, a PEG ratio of 2.83 and a beta of 0.82. IHS Markit has a 52 week low of $44.52 and a 52 week high of $68.88. The business’s 50-day moving average is $65.26 and its 200 day moving average is $60.04. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.66 and a current ratio of 0.66.
IHS Markit (NASDAQ:INFO) last posted its quarterly earnings results on Wednesday, June 26th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.06. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. IHS Markit had a return on equity of 10.13% and a net margin of 10.49%. The firm’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 earnings per share. On average, research analysts expect that IHS Markit will post 2.13 EPS for the current year.
IHS Markit Company Profile
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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