IHS Markit Ltd (INFO) Receives Average Rating of “Buy” from Analysts

Shares of IHS Markit Ltd (NASDAQ:INFO) have been given an average rating of “Buy” by the eighteen brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $58.07.

A number of research firms have recently commented on INFO. Zacks Investment Research raised shares of IHS Markit from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Wednesday. UBS Group boosted their target price on shares of IHS Markit from $53.00 to $56.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 12th. BMO Capital Markets cut their target price on shares of IHS Markit to $58.00 and set an “outperform” rating for the company in a research note on Wednesday, January 16th. SunTrust Banks cut their target price on shares of IHS Markit to $62.00 and set a “buy” rating for the company in a research note on Wednesday, January 16th. They noted that the move was a valuation call. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $51.00 target price on shares of IHS Markit in a research note on Tuesday, January 15th.

INFO opened at $54.54 on Friday. IHS Markit has a fifty-two week low of $44.52 and a fifty-two week high of $55.99. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market capitalization of $23.16 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 2.41 and a beta of 0.82.

IHS Markit (NASDAQ:INFO) last released its earnings results on Tuesday, January 15th. The business services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.12. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.08 billion. IHS Markit had a net margin of 13.53% and a return on equity of 9.58%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 earnings per share. As a group, equities analysts anticipate that IHS Markit will post 2.12 EPS for the current year.

In other IHS Markit news, Director James A. Rosenthal acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, December 28th. The stock was bought at an average price of $47.30 per share, with a total value of $47,300.00. Following the purchase, the director now owns 11,397 shares in the company, valued at $539,078.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael M. Easton sold 12,461 shares of the company’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $52.03, for a total transaction of $648,345.83. Following the sale, the insider now directly owns 24,721 shares of the company’s stock, valued at approximately $1,286,233.63. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,450 shares of company stock valued at $4,297,355. 2.68% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in INFO. Utah Retirement Systems boosted its holdings in IHS Markit by 0.3% in the 4th quarter. Utah Retirement Systems now owns 71,175 shares of the business services provider’s stock valued at $3,414,000 after purchasing an additional 200 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in IHS Markit by 7.3% in the 4th quarter. Great West Life Assurance Co. Can now owns 3,582 shares of the business services provider’s stock valued at $172,000 after purchasing an additional 244 shares during the last quarter. OLD National Bancorp IN boosted its holdings in IHS Markit by 4.2% in the 4th quarter. OLD National Bancorp IN now owns 6,744 shares of the business services provider’s stock valued at $324,000 after purchasing an additional 272 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in IHS Markit by 1.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 15,565 shares of the business services provider’s stock valued at $747,000 after purchasing an additional 274 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in IHS Markit by 16.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,012 shares of the business services provider’s stock valued at $97,000 after purchasing an additional 278 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

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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Analyst Recommendations for IHS Markit (NASDAQ:INFO)

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