IHS Markit Ltd. (NASDAQ:INFO) has been assigned a consensus rating of “Hold” from the fourteen brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $45.18.
A number of research firms have recently issued reports on INFO. UBS AG reaffirmed a “neutral” rating and set a $47.00 price objective (up from $43.00) on shares of IHS Markit in a report on Friday, June 30th. Zacks Investment Research cut shares of IHS Markit from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $50.00 target price (up previously from $48.00) on shares of IHS Markit in a research report on Wednesday, June 28th. BMO Capital Markets lifted their target price on shares of IHS Markit from $49.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, June 30th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $41.00 target price on shares of IHS Markit in a research report on Wednesday, April 26th.
Shares of IHS Markit (NASDAQ:INFO) opened at 45.42 on Tuesday. IHS Markit has a 12 month low of $34.13 and a 12 month high of $47.92. The stock’s 50 day moving average price is $45.39 and its 200-day moving average price is $43.20. The firm has a market capitalization of $18.15 billion, a price-to-earnings ratio of 83.96 and a beta of 0.88.
IHS Markit (NASDAQ:INFO) last issued its quarterly earnings results on Tuesday, June 27th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. The company had revenue of $906.10 million during the quarter, compared to analyst estimates of $897.80 million. IHS Markit had a net margin of 6.66% and a return on equity of 7.33%. The company’s revenue was up 54.1% on a year-over-year basis. On average, equities research analysts predict that IHS Markit will post $2.06 EPS for the current fiscal year.
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In other news, Vice Chairman Daniel Yergin sold 43,657 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $44.17, for a total transaction of $1,928,329.69. Following the completion of the transaction, the insider now directly owns 364,703 shares of the company’s stock, valued at $16,108,931.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William E. Ford sold 1,300,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $43.50, for a total transaction of $56,550,000.00. Following the transaction, the director now directly owns 9,639 shares of the company’s stock, valued at $419,296.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,331,463 shares of company stock worth $104,858,385.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in INFO. Independent Portfolio Consultants Inc. bought a new position in IHS Markit during the first quarter valued at $575,000. Korea Investment CORP boosted its position in IHS Markit by 884.0% in the first quarter. Korea Investment CORP now owns 4,182 shares of the business services provider’s stock valued at $175,000 after buying an additional 3,757 shares during the last quarter. Mn Services Vermogensbeheer B.V. bought a new position in IHS Markit during the first quarter valued at $613,000. Candriam Luxembourg S.C.A. bought a new position in IHS Markit during the first quarter valued at $1,170,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of IHS Markit during the first quarter worth approximately $373,000. 98.13% of the stock is owned by hedge funds and other institutional investors.
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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