Markit Ltd (INFO) Shares Down 2%
Markit Ltd (NASDAQ:INFO)’s share price dropped 2% during mid-day trading on Thursday . The stock traded as low as $34.51 and last traded at $35.37, with a volume of 2,900,271 shares trading hands. The stock had previously closed at $36.10.
INFO has been the subject of several research analyst reports. TheStreet raised shares of Markit from a “hold” rating to a “buy” rating in a report on Monday, June 20th. Zacks Investment Research lowered shares of Markit from a “hold” rating to a “sell” rating in a research note on Tuesday, April 12th. Deutsche Bank AG upped their target price on shares of Markit from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, March 22nd. Royal Bank Of Canada upped their target price on shares of Markit from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Wednesday, June 29th. Finally, Evercore ISI lowered shares of Markit from a “buy” rating to a “hold” rating in a research note on Tuesday, March 22nd. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $33.17.
The company has a 50-day moving average price of $32.95 and a 200-day moving average price of $31.60.
Markit (NASDAQ:INFO) last released its quarterly earnings results on Tuesday, May 10th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The firm had revenue of $287.80 million for the quarter, compared to analysts’ expectations of $293.62 million. During the same period in the prior year, the firm earned $0.36 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. Equities research analysts forecast that Markit Ltd will post $1.48 EPS for the current year.
Markit Ltd. is a global diversified provider of financial information services. The Company provides pricing and reference data, indices, valuation and trading services, trade processing, enterprise software and managed services. The Company’s business is organized in three segments: Information, Processing and Solutions.
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