Piper Jaffray Companies reaffirmed their buy rating on shares of IHS Markit (NASDAQ:INFO) in a research note released on Wednesday, January 17th. The firm currently has a $54.00 price objective on the business services provider’s stock.
Several other brokerages have also recently weighed in on INFO. SunTrust Banks raised IHS Markit from a hold rating to a buy rating in a report on Tuesday, November 28th. BMO Capital Markets reaffirmed an outperform rating and issued a $50.00 price target (down from $52.00) on shares of IHS Markit in a research note on Wednesday, September 27th. Zacks Investment Research raised IHS Markit from a hold rating to a buy rating and set a $53.00 price target for the company in a research note on Tuesday, January 16th. Bank of America lowered their price target on IHS Markit from $52.00 to $50.00 and set a buy rating for the company in a research note on Wednesday, September 27th. Finally, Royal Bank of Canada lowered their target price on IHS Markit from $50.00 to $49.00 and set an outperform rating for the company in a research note on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $49.14.
Shares of IHS Markit (INFO) traded up $0.58 during midday trading on Wednesday, reaching $44.31. 2,434,485 shares of the company traded hands, compared to its average volume of 2,495,922. The firm has a market cap of $17,627.14, a P/E ratio of 43.87, a price-to-earnings-growth ratio of 2.07 and a beta of 0.83. IHS Markit has a 1-year low of $37.82 and a 1-year high of $49.19. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.45.
IHS Markit (NASDAQ:INFO) last announced its quarterly earnings data on Tuesday, January 16th. The business services provider reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.10. The firm had revenue of $944.70 million during the quarter, compared to analysts’ expectations of $912.65 million. IHS Markit had a return on equity of 8.98% and a net margin of 11.58%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 EPS. research analysts predict that IHS Markit will post 1.84 earnings per share for the current year.
In other news, EVP Adam Jason Kansler sold 50,000 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $48.00, for a total value of $2,400,000.00. Following the completion of the sale, the executive vice president now owns 146,612 shares of the company’s stock, valued at approximately $7,037,376. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Daniel Yergin sold 66,871 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $47.46, for a total value of $3,173,697.66. Following the completion of the sale, the insider now directly owns 338,776 shares of the company’s stock, valued at approximately $16,078,308.96. The disclosure for this sale can be found here. In the last three months, insiders sold 208,562 shares of company stock valued at $9,923,853.
Institutional investors have recently made changes to their positions in the business. Zions Bancorporation acquired a new stake in IHS Markit during the 3rd quarter valued at $126,000. ETF Managers Group LLC acquired a new stake in IHS Markit during the 2nd quarter valued at $135,000. Huntington National Bank acquired a new stake in IHS Markit during the 3rd quarter valued at $173,000. Flinton Capital Management LLC acquired a new stake in IHS Markit during the 2nd quarter valued at $180,000. Finally, Riverhead Capital Management LLC acquired a new stake in IHS Markit during the 2nd quarter valued at $198,000. 99.23% of the stock is owned by institutional investors and hedge funds.
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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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