IHS Markit Ltd. (INFO) Upgraded to “Hold” by Zacks Investment Research
Zacks Investment Research upgraded shares of IHS Markit Ltd. (NASDAQ:INFO) from a strong sell rating to a hold rating in a research note released on Thursday.
According to Zacks, “IHS Markit Ltd. provides information, analytics and solutions to customers. It serves business, finance and government. IHS Markit Ltd., formerly known as Markit Ltd., is based in LONDON, United Kingdom. “
INFO has been the topic of a number of other reports. Royal Bank Of Canada dropped their price target on shares of IHS Markit from $50.00 to $49.00 and set an outperform rating on the stock in a research report on Wednesday, September 27th. Morgan Stanley dropped their price target on shares of IHS Markit from $41.00 to $40.00 and set an underweight rating on the stock in a research report on Wednesday, September 27th. Bank of America Corporation lowered their price objective on shares of IHS Markit from $52.00 to $50.00 and set a buy rating on the stock in a research report on Wednesday, September 27th. William Blair lowered shares of IHS Markit from an outperform rating to a market perform rating in a research report on Wednesday. Finally, SunTrust Banks, Inc. lifted their price objective on shares of IHS Markit to $48.00 and gave the stock a hold rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $47.46.
IHS Markit (INFO) traded up $0.16 on Thursday, hitting $43.62. 5,397,196 shares of the company were exchanged, compared to its average volume of 2,667,290. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.53 and a quick ratio of 0.53. IHS Markit has a one year low of $34.20 and a one year high of $48.53. The company has a market capitalization of $17,380.00, a price-to-earnings ratio of 27.09, a P/E/G ratio of 2.35 and a beta of 0.82.
IHS Markit (NASDAQ:INFO) last released its quarterly earnings results on Tuesday, September 26th. The business services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. IHS Markit had a net margin of 11.35% and a return on equity of 8.79%. The company had revenue of $904.70 million for the quarter, compared to analyst estimates of $890.99 million. During the same period last year, the firm earned $0.45 earnings per share. The firm’s revenue was up 24.9% on a year-over-year basis. analysts predict that IHS Markit will post 1.56 earnings per share for the current year.
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In other news, CFO Todd S. Hyatt sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $44.20, for a total value of $884,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Counselors Inc. raised its position in shares of IHS Markit by 2.8% in the second quarter. Financial Counselors Inc. now owns 7,103 shares of the business services provider’s stock valued at $313,000 after purchasing an additional 191 shares during the period. Bayesian Capital Management LP grew its stake in IHS Markit by 2.0% during the second quarter. Bayesian Capital Management LP now owns 10,100 shares of the business services provider’s stock valued at $445,000 after acquiring an additional 200 shares in the last quarter. First Personal Financial Services grew its stake in IHS Markit by 0.4% during the second quarter. First Personal Financial Services now owns 64,127 shares of the business services provider’s stock valued at $2,824,000 after acquiring an additional 239 shares in the last quarter. Stifel Financial Corp grew its stake in IHS Markit by 0.6% during the second quarter. Stifel Financial Corp now owns 45,554 shares of the business services provider’s stock valued at $2,020,000 after acquiring an additional 274 shares in the last quarter. Finally, Veritable L.P. grew its stake in IHS Markit by 1.2% during the second quarter. Veritable L.P. now owns 26,580 shares of the business services provider’s stock valued at $1,171,000 after acquiring an additional 317 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.
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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