IHS Markit (INFO) Releases FY18 Earnings Guidance
IHS Markit (NASDAQ:INFO) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.23-2.27 for the period, compared to the Thomson Reuters consensus estimate of $2.21. The company issued revenue guidance of $3.80-3.85 billion, compared to the consensus revenue estimate of $3.80 billion.
A number of research firms recently commented on INFO. Zacks Investment Research raised shares of IHS Markit from a hold rating to a buy rating and set a $50.00 price target on the stock in a report on Wednesday, December 6th. Goldman Sachs Group assumed coverage on shares of IHS Markit in a research note on Wednesday, November 8th. They issued a buy rating and a $55.00 price objective for the company. Cantor Fitzgerald reiterated a hold rating and issued a $45.00 price objective on shares of IHS Markit in a research note on Tuesday, September 26th. UBS Group reduced their price objective on shares of IHS Markit from $45.00 to $44.00 and set a neutral rating for the company in a research note on Friday, November 17th. Finally, William Blair lowered shares of IHS Markit from an outperform rating to a market perform rating in a research note on Wednesday, November 15th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. IHS Markit currently has a consensus rating of Buy and a consensus target price of $48.07.
IHS Markit (INFO) traded up $0.39 during trading on Tuesday, reaching $47.85. 2,642,900 shares of the company were exchanged, compared to its average volume of 2,253,833. IHS Markit has a fifty-two week low of $36.73 and a fifty-two week high of $48.53. The stock has a market cap of $19,087.04, a price-to-earnings ratio of 49.84, a price-to-earnings-growth ratio of 2.28 and a beta of 0.83. 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 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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