Royal Bank of Canada reissued their buy rating on shares of IHS Markit (NASDAQ:INFO) in a report published on Wednesday. The brokerage currently has a $52.00 price objective on the business services provider’s stock.
A number of other research analysts have also weighed in on INFO. Zacks Investment Research upgraded IHS Markit from a sell rating to a hold rating in a research report on Tuesday, August 29th. Cantor Fitzgerald restated a hold rating and set a $45.00 price objective on shares of IHS Markit in a research report on Tuesday, September 26th. Morgan Stanley cut their price objective on IHS Markit from $41.00 to $40.00 and set an underweight rating for the company in a research report on Wednesday, September 27th. BMO Capital Markets restated an outperform rating and set a $50.00 price objective (down previously from $52.00) on shares of IHS Markit in a research report on Wednesday, September 27th. Finally, Bank of America cut their price objective on IHS Markit from $52.00 to $50.00 and set a buy rating for the company in a research report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $47.86.
Shares of IHS Markit (INFO) traded up $0.01 during trading hours on Wednesday, hitting $45.05. The stock had a trading volume of 1,754,196 shares, compared to its average volume of 1,652,747. The company has a market cap of $17,966.15, a price-to-earnings ratio of 46.93, a P/E/G ratio of 2.15 and a beta of 0.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.53 and a quick ratio of 0.53. IHS Markit has a 12-month low of $34.95 and a 12-month high of $48.53.
In related news, CFO Todd S. Hyatt sold 20,000 shares of IHS Markit stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $44.20, for a total value of $884,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in INFO. Dupont Capital Management Corp purchased a new position in shares of IHS Markit during the second quarter valued at approximately $120,000. Zions Bancorporation purchased a new position in shares of IHS Markit during the third quarter valued at approximately $126,000. ETF Managers Group LLC purchased a new position in shares of IHS Markit during the second quarter valued at approximately $135,000. Huntington National Bank purchased a new position in shares of IHS Markit during the third quarter valued at approximately $173,000. Finally, Flinton Capital Management LLC purchased a new position in shares of IHS Markit during the second quarter valued at approximately $180,000. Institutional investors own 98.94% of the company’s stock.
About IHS Markit
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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