IHS Markit (NASDAQ:INFO)‘s stock had its “buy” rating reiterated by equities researchers at Royal Bank of Canada in a research note issued on Friday. They presently have a $55.00 target price on the business services provider’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 15.42% from the company’s previous close.

INFO has been the subject of several other research reports. Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Wednesday, December 6th. Goldman Sachs Group began coverage on IHS Markit in a research note on Wednesday, November 8th. They issued a “buy” rating and a $55.00 price target for the company. SunTrust Banks reissued a “buy” rating and issued a $54.00 price target on shares of IHS Markit in a research note on Wednesday. Cantor Fitzgerald reissued a “hold” rating and issued a $45.00 price target on shares of IHS Markit in a research note on Tuesday, September 26th. Finally, UBS Group lowered their price target on IHS Markit from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. IHS Markit presently has a consensus rating of “Buy” and an average target price of $49.29.

Shares of IHS Markit (INFO) traded down $0.22 during midday trading on Friday, hitting $47.65. The company had a trading volume of 3,780,600 shares, compared to its average volume of 2,611,292. The company has a market cap of $19,300.00, a PE ratio of 47.65, a price-to-earnings-growth ratio of 2.28 and a beta of 0.83. IHS Markit has a 1-year low of $37.82 and a 1-year high of $48.53. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.45.

IHS Markit (NASDAQ:INFO) last announced its quarterly earnings results on Tuesday, January 16th. The business services provider reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.10. The business had revenue of $944.70 million during the quarter, compared to analysts’ expectations of $912.65 million. IHS Markit had a return on equity of 8.98% and a net margin of 11.58%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 EPS. analysts predict that IHS Markit will post 1.79 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Bayesian Capital Management LP lifted its holdings in shares of 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 worth $445,000 after buying an additional 200 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of IHS Markit by 0.6% during the second quarter. Stifel Financial Corp now owns 45,554 shares of the business services provider’s stock worth $2,020,000 after buying an additional 274 shares during the last quarter. Veritable L.P. lifted its holdings in shares of IHS Markit by 1.2% during the second quarter. Veritable L.P. now owns 26,580 shares of the business services provider’s stock worth $1,171,000 after buying an additional 317 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of IHS Markit by 6.7% during the second quarter. Advisor Group Inc. now owns 6,236 shares of the business services provider’s stock worth $274,000 after buying an additional 392 shares during the last quarter. Finally, Amalgamated Bank lifted its holdings in shares of IHS Markit by 2.7% during the third quarter. Amalgamated Bank now owns 45,010 shares of the business services provider’s stock worth $1,984,000 after buying an additional 1,195 shares during the last quarter. Institutional investors own 98.94% of the company’s stock.

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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.

Analyst Recommendations for IHS Markit (NASDAQ:INFO)

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