Zacks Investment Research Lowers IHS Markit (INFO) to Hold

IHS Markit (NASDAQ:INFO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “IHS Markit Ltd. provides information, analytics and solutions to customers. It serves business, finance and government. IHS Markit Ltd., formerly known as Markit Ltd., is based in LONDON, United Kingdom. “

INFO has been the subject of several other research reports. Royal Bank of Canada reiterated a “buy” rating and set a $55.00 target price on shares of IHS Markit in a research note on Friday, January 19th. SunTrust Banks upgraded shares of IHS Markit from a “hold” rating to a “buy” rating in a research note on Tuesday, November 28th. BMO Capital Markets reiterated a “buy” rating and set a $52.00 target price on shares of IHS Markit in a research note on Wednesday, January 17th. BidaskClub lowered shares of IHS Markit from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 30th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of IHS Markit in a research note on Tuesday, January 16th. One investment 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’s stock. The company currently has a consensus rating of “Buy” and an average price target of $49.14.

Shares of IHS Markit (NASDAQ:INFO) opened at $43.73 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.45. The stock has a market cap of $18,215.92, a price-to-earnings ratio of 43.30, a P/E/G ratio of 2.13 and a beta of 0.83. IHS Markit has a 12 month low of $37.82 and a 12 month high of $49.19.

IHS Markit (NASDAQ:INFO) last issued its quarterly earnings results on Tuesday, January 16th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. The business had revenue of $944.70 million during the quarter, compared to analyst estimates of $912.65 million. IHS Markit had a net margin of 11.58% and a return on equity of 8.98%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 earnings per share. analysts expect that IHS Markit will post 1.84 EPS for the current year.

In other news, Director Robert P. Kelly purchased 10,000 shares of IHS Markit stock in a transaction dated Thursday, January 25th. The stock was bought at an average price of $48.69 per share, with a total value of $486,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Todd S. Hyatt sold 25,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $47.40, for a total transaction of $1,185,000.00. Following the transaction, the chief financial officer now directly owns 415,128 shares of the company’s stock, valued at approximately $19,677,067.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 208,562 shares of company stock valued at $9,923,853.

Institutional investors and hedge funds have recently made changes to their positions in the company. Zions Bancorporation acquired a new position in shares of IHS Markit during the third quarter valued at $126,000. Huntington National Bank acquired a new position in shares of IHS Markit during the third quarter valued at $173,000. Flinton Capital Management LLC acquired a new position in shares of IHS Markit during the second quarter valued at $180,000. Highstreet Asset Management Inc. acquired a new position in shares of IHS Markit during the third quarter valued at $205,000. Finally, Capital One National Association acquired a new position in shares of IHS Markit during the fourth quarter valued at $211,000. 99.23% of the stock is owned by institutional investors.

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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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Analyst Recommendations for IHS Markit (NASDAQ:INFO)

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