IHS Markit Ltd. (INFO) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of IHS Markit Ltd. (NASDAQ:INFO) from a sell rating to a hold rating in a report released on Tuesday.
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. “
Several other equities analysts also recently commented on the stock. Deutsche Bank AG reissued a buy rating and set a $52.00 target price (up from $50.00) on shares of IHS Markit in a research report on Friday, June 16th. Morgan Stanley reissued an underweight rating and set a $41.00 target price (up from $40.00) on shares of IHS Markit in a research report on Tuesday, July 18th. BMO Capital Markets increased their target price on shares of IHS Markit from $49.00 to $52.00 and gave the stock an outperform rating in a research report on Friday, June 30th. Royal Bank Of Canada reissued an outperform rating and set a $50.00 target price (up from $48.00) on shares of IHS Markit in a research report on Wednesday, June 28th. Finally, UBS AG reissued a neutral rating and set a $47.00 target price (up from $43.00) on shares of IHS Markit in a research report on Friday, June 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. IHS Markit presently has a consensus rating of Hold and an average price target of $45.55.
IHS Markit (NASDAQ INFO) opened at 46.77 on Tuesday. IHS Markit has a 52 week low of $34.13 and a 52 week high of $47.92. The firm’s 50 day moving average price is $46.09 and its 200-day moving average price is $43.98. The firm has a market cap of $18.69 billion, a PE ratio of 86.45 and a beta of 0.88.
IHS Markit (NASDAQ:INFO) last posted its earnings results on Tuesday, June 27th. The business services provider reported $0.52 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. The firm had revenue of $906.10 million for the quarter, compared to the consensus estimate of $897.80 million. IHS Markit had a net margin of 6.66% and a return on equity of 7.33%. IHS Markit’s revenue was up 54.1% compared to the same quarter last year. On average, analysts forecast that IHS Markit will post $2.06 EPS for the current year.
In other news, EVP Jonathan Gear sold 30,004 shares of the firm’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $44.43, for a total value of $1,333,077.72. Following the sale, the executive vice president now directly owns 328,874 shares of the company’s stock, valued at $14,611,871.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Daniel Yergin sold 43,657 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $44.17, for a total value of $1,928,329.69. Following the completion of the sale, the insider now directly owns 364,703 shares in the company, valued at $16,108,931.51. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,031,463 shares of company stock worth $48,308,385.
Several large investors have recently modified their holdings of the stock. Buffington Mohr McNeal increased its stake in shares of IHS Markit by 33.0% in the first quarter. Buffington Mohr McNeal now owns 31,740 shares of the business services provider’s stock valued at $1,331,000 after buying an additional 7,872 shares in the last quarter. HPM Partners LLC acquired a new stake in shares of IHS Markit during the first quarter valued at about $1,055,000. Henderson Group PLC increased its stake in shares of IHS Markit by 56.4% in the first quarter. Henderson Group PLC now owns 46,836 shares of the business services provider’s stock valued at $1,965,000 after buying an additional 16,882 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of IHS Markit by 13.9% in the first quarter. Daiwa Securities Group Inc. now owns 143,762 shares of the business services provider’s stock valued at $6,031,000 after buying an additional 17,579 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of IHS Markit by 10.6% in the first quarter. First Trust Advisors LP now owns 276,430 shares of the business services provider’s stock valued at $11,596,000 after buying an additional 26,492 shares in the last quarter.
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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