Brokerages Set IHS Markit Ltd. (NASDAQ:INFO) Price Target at $45.18

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.

WARNING: This piece of content was reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of US and international copyright & trademark law. The legal version of this piece of content can be read at https://www.com-unik.info/2017/08/19/ihs-markit-ltd-nasdaqinfo-given-consensus-rating-of-hold-by-brokerages-updated-updated.html.

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.

Analyst Recommendations for IHS Markit (NASDAQ:INFO)

What are top analysts saying about IHS Markit Ltd.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for IHS Markit Ltd. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit