Piper Jaffray Companies reissued their buy rating on shares of IHS Markit (NASDAQ:INFO) in a research note released on Wednesday morning. Piper Jaffray Companies currently has a $54.00 price objective on the business services provider’s stock.
Other research analysts also recently issued reports about the company. SunTrust Banks upgraded IHS Markit from a hold rating to a buy rating in a report on Tuesday, November 28th. Bank of America dropped their target price on IHS Markit from $52.00 to $50.00 and set a buy rating on the stock in a research note on Wednesday, September 27th. Goldman Sachs Group began coverage on IHS Markit in a research note on Wednesday, November 8th. They set a buy rating and a $55.00 target price on the stock. Zacks Investment Research upgraded IHS Markit from a hold rating to a buy rating and set a $50.00 target price on the stock in a research note on Wednesday, December 6th. Finally, Royal Bank of Canada restated a buy rating and set a $52.00 target price on shares of IHS Markit in a research note on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $49.29.
IHS Markit (NASDAQ INFO) opened at $48.87 on Wednesday. IHS Markit has a fifty-two week low of $37.82 and a fifty-two week high of $48.93. The stock has a market capitalization of $19,007.27, a price-to-earnings ratio of 48.39, a PEG ratio of 2.22 and a beta of 0.83. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.53.
IHS Markit (NASDAQ:INFO) last announced its quarterly earnings results on Tuesday, January 16th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.10. IHS Markit had a return on equity of 8.98% and a net margin of 11.58%. The business had revenue of $944.70 million for the quarter, compared to the consensus estimate of $912.65 million. During the same period last year, the business posted $0.48 EPS. The business’s revenue was up 8.1% compared to the same quarter last year. sell-side analysts anticipate that IHS Markit will post 1.83 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in IHS Markit by 23.1% during the 2nd quarter. Vanguard Group Inc. now owns 32,906,495 shares of the business services provider’s stock worth $1,449,201,000 after acquiring an additional 6,171,840 shares during the period. FMR LLC lifted its position in IHS Markit by 20.6% during the 2nd quarter. FMR LLC now owns 17,512,617 shares of the business services provider’s stock worth $771,256,000 after acquiring an additional 2,991,526 shares during the period. Edgewood Management LLC lifted its position in IHS Markit by 0.9% during the 3rd quarter. Edgewood Management LLC now owns 17,088,421 shares of the business services provider’s stock worth $753,258,000 after acquiring an additional 158,338 shares during the period. State Street Corp lifted its position in IHS Markit by 269.2% during the 2nd quarter. State Street Corp now owns 14,324,138 shares of the business services provider’s stock worth $630,974,000 after acquiring an additional 10,443,873 shares during the period. Finally, Principal Financial Group Inc. lifted its position in IHS Markit by 9.9% during the 3rd quarter. Principal Financial Group Inc. now owns 8,194,561 shares of the business services provider’s stock worth $361,216,000 after acquiring an additional 740,460 shares during the period. 98.94% of the stock is owned by 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.
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