Somewhat Positive Media Coverage Somewhat Unlikely to Impact IHS Markit (INFO) Share Price
News stories about IHS Markit (NASDAQ:INFO) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. IHS Markit earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 46.7733422586313 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- IHS Markit: Hold Tight – Seeking Alpha (seekingalpha.com)
- Verizon Sweeps Mobile Performance Awards in San Francisco Per Latest RootMetrics Report (finance.yahoo.com)
- IHS Markit Hurricane Update (September 13, … (ih.advfn.com)
- Chinese FinTech JZTS Selects IHS Markit Bond Pricing Data for Mobile Streaming (pressreleasepoint.com)
- IHS Markit Hurricane Update (September 13, 2017) (finance.yahoo.com)
A number of equities research analysts recently issued reports on INFO shares. Deutsche Bank AG reiterated a “buy” rating and issued a $52.00 price objective (up previously from $50.00) on shares of IHS Markit in a research report on Friday, June 16th. Zacks Investment Research downgraded IHS Markit from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $50.00 price objective (up previously from $48.00) on shares of IHS Markit in a research report on Wednesday, June 28th. UBS AG reiterated a “neutral” rating and issued a $47.00 price objective (up previously from $43.00) on shares of IHS Markit in a research report on Friday, June 30th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $41.00 price objective (up previously from $40.00) on shares of IHS Markit in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $45.55.
IHS Markit (NASDAQ INFO) traded up 0.53% during midday trading on Friday, reaching $47.40. The company’s stock had a trading volume of 8,871,107 shares. The firm has a market cap of $18.95 billion, a P/E ratio of 87.62 and a beta of 0.88. The firm has a 50 day moving average price of $46.62 and a 200 day moving average price of $44.45. IHS Markit has a one year low of $34.13 and a one year high of $48.49.
IHS Markit (NASDAQ:INFO) last released its quarterly earnings data on Tuesday, June 27th. The business services provider reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. IHS Markit had a net margin of 6.66% and a return on equity of 7.33%. The business had revenue of $906.10 million during the quarter, compared to the consensus estimate of $897.80 million. The business’s revenue for the quarter was up 54.1% compared to the same quarter last year. Equities research analysts forecast that IHS Markit will post $2.06 EPS for the current fiscal year.
In other IHS Markit news, President Lance Darrell Gordon Uggla sold 112,162 shares of the stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $47.27, for a total transaction of $5,301,897.74. Following the completion of the transaction, the president now owns 461,344 shares of the company’s stock, valued at approximately $21,807,730.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Daniel Yergin sold 43,657 shares of the stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $44.17, for a total transaction of $1,928,329.69. Following the transaction, the insider now directly owns 364,703 shares of the company’s stock, valued at approximately $16,108,931.51. The disclosure for this sale can be found here. Insiders have sold a total of 1,031,463 shares of company stock valued at $48,308,385 in the last three months.
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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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