Markit Ltd. (INFO) Shares Down 2%
Markit Ltd. (NASDAQ:INFO) dropped 2% on Thursday . The company traded as low as $34.51 and last traded at $35.37, with a volume of 2,900,271 shares changing hands. The stock had previously closed at $36.10.
INFO has been the subject of a number of research analyst reports. Bank of America Corp. initiated coverage on shares of Markit in a report on Friday. They set a “buy” rating and a $40.00 price objective for the company. TheStreet upgraded shares of Markit from a “hold” rating to a “buy” rating in a report on Monday, June 20th. Credit Suisse Group AG initiated coverage on shares of Markit in a report on Friday. They set a “neutral” rating for the company. Zacks Investment Research lowered shares of Markit from a “hold” rating to a “sell” rating in a report on Tuesday, April 12th. Finally, Deutsche Bank AG lifted their price objective on shares of Markit from $34.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, March 22nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $35.03.
The stock has a 50-day moving average price of $33.03 and a 200 day moving average price of $31.67. The stock has a market cap of $6.18 billion and a PE ratio of 55.02.
Markit (NASDAQ:INFO) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.01. The company had revenue of $287.80 million for the quarter, compared to analysts’ expectations of $293.62 million. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 earnings per share. On average, analysts forecast that Markit Ltd. will post $2.11 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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