Markit Ltd. (INFO) Given a $42.00 Price Target at RBC Capital Markets
Several other equities research analysts have also commented on INFO. Deutsche Bank AG raised shares of Markit to a buy rating in a report on Sunday, July 17th. William Blair reissued an outperform rating on shares of Markit in a report on Sunday, July 17th. BMO Capital Markets reissued a buy rating and issued a $41.00 price target on shares of Markit in a report on Monday, July 18th. Zacks Investment Research raised shares of Markit from a strong sell rating to a hold rating in a research note on Wednesday, July 13th. Finally, Cantor Fitzgerald reaffirmed a hold rating and set a $35.00 target price on shares of Markit in a research note on Monday, July 18th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Markit has an average rating of Hold and an average target price of $39.08.
Markit (NASDAQ:INFO) opened at 37.52 on Wednesday. Markit has a 1-year low of $26.01 and a 1-year high of $37.83. The stock has a market cap of $6.59 billion, a P/E ratio of 58.72 and a beta of 0.94. The company has a 50-day moving average of $36.77 and a 200 day moving average of $34.81.
Markit (NASDAQ:INFO) last issued its quarterly earnings results on Tuesday, September 27th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The company earned $724.60 million during the quarter, compared to analyst estimates of $557.90 million. Markit had a net margin of 4.06% and a return on equity of 10.66%. The firm’s revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS. Analysts predict that Markit will post $1.75 EPS for the current year.
In other Markit news, EVP Jonathan Gear sold 15,000 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $36.00, for a total value of $540,000.00. Following the transaction, the executive vice president now owns 319,287 shares of the company’s stock, valued at $11,494,332. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michele Louise Trogni sold 7,150 shares of the company’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $35.66, for a total transaction of $254,969.00. Following the completion of the transaction, the executive vice president now directly owns 53,138 shares in the company, valued at approximately $1,894,901.08. The disclosure for this sale can be found here.
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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