Markit Ltd (INFO) Trading 2.3% Higher
Shares of Markit Ltd (NASDAQ:INFO) traded up 2.3% during trading on Tuesday . The stock traded as high as $36.04 and last traded at $36.01, with a volume of 1,928,925 shares trading hands. The stock had previously closed at $35.20.
Several analysts have recently commented on the company. Barclays PLC raised their target price on Markit from $30.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 22nd. Cantor Fitzgerald restated a “hold” rating on shares of Markit in a research note on Tuesday, May 10th. Zacks Investment Research downgraded Markit from a “hold” rating to a “sell” rating in a research note on Tuesday, April 12th. Bank of America Corp. assumed coverage on Markit in a research note on Friday. They issued a “buy” rating and a $40.00 target price for the company. Finally, Credit Suisse Group AG restated a “neutral” rating and issued a $37.00 target price on shares of Markit in a research note on Friday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $36.58.
The stock has a market cap of $6.41 billion and a PE ratio of 57.12. The company has a 50-day moving average of $33.06 and a 200-day moving average of $31.73.
Markit (NASDAQ:INFO) last issued its quarterly earnings data on Tuesday, May 10th. The company reported $0.35 EPS for the quarter, missing the 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. The company’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the business posted $0.36 earnings per share. Equities analysts forecast that Markit Ltd will post $1.75 earnings per share 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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