IHS Markit Ltd. (NASDAQ:INFO) was downgraded by equities researchers at William Blair from an “outperform” rating to a “market perform” rating in a research report issued on Wednesday.
Other research analysts have also recently issued research reports about the company. Morgan Stanley restated an “underweight” rating and issued a $41.00 price target (up previously from $40.00) on shares of IHS Markit in a research report on Tuesday, July 18th. Zacks Investment Research upgraded IHS Markit from a “sell” rating to a “hold” rating in a 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 report on Tuesday, September 26th. Royal Bank Of Canada lowered their price target on IHS Markit from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Wednesday, September 27th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $50.00 price target (down from $52.00) on shares of IHS Markit in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $47.46.
IHS Markit (NASDAQ:INFO) traded up $0.16 during mid-day trading on Wednesday, reaching $43.62. 5,397,196 shares of the company were exchanged, compared to its average volume of 2,667,290. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.44. The firm has a market cap of $17,380.00, a PE ratio of 27.09, a PEG ratio of 2.35 and a beta of 0.82. IHS Markit has a one year low of $34.20 and a one year high of $48.53.
IHS Markit (NASDAQ:INFO) last issued its quarterly earnings results on Tuesday, September 26th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.04. The company had revenue of $904.70 million for the quarter, compared to analyst estimates of $890.99 million. IHS Markit had a net margin of 11.35% and a return on equity of 8.79%. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. sell-side analysts anticipate that IHS Markit will post 1.56 earnings per share for the current year.
In other IHS Markit news, CFO Todd S. Hyatt sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $44.20, for a total transaction of $884,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. State Treasurer State of Michigan boosted its holdings in IHS Markit by 5.7% in the 3rd quarter. State Treasurer State of Michigan now owns 110,200 shares of the business services provider’s stock worth $4,858,000 after buying an additional 5,900 shares during the period. Prudential Financial Inc. raised its position in IHS Markit by 6,953.5% in the 2nd quarter. Prudential Financial Inc. now owns 415,450 shares of the business services provider’s stock worth $18,297,000 after purchasing an additional 409,560 shares during the period. Swiss National Bank raised its position in IHS Markit by 6.3% in the 2nd quarter. Swiss National Bank now owns 1,350,757 shares of the business services provider’s stock worth $59,487,000 after purchasing an additional 80,000 shares during the period. Principal Financial Group Inc. raised its position in IHS Markit by 26.1% in the 2nd quarter. Principal Financial Group Inc. now owns 7,454,101 shares of the business services provider’s stock worth $328,279,000 after purchasing an additional 1,542,180 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in IHS Markit by 102.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,203,898 shares of the business services provider’s stock worth $53,020,000 after purchasing an additional 610,170 shares during the period. Institutional investors own 94.48% of the company’s stock.
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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