BMO Capital Markets Reaffirms Outperform Rating for IHS Markit Ltd. (INFO)
BMO Capital Markets reaffirmed their outperform rating on shares of IHS Markit Ltd. (NASDAQ:INFO) in a research note issued to investors on Wednesday morning. They currently have a $50.00 target price on the business services provider’s stock, down from their previous target price of $52.00.
A number of other equities research analysts have also weighed in on the stock. Morgan Stanley lowered their price target on shares of IHS Markit from $41.00 to $40.00 and set an underweight rating for the company in a report on Wednesday. Royal Bank Of Canada lowered their price target on shares of IHS Markit from $50.00 to $49.00 and set an outperform rating for the company in a report on Wednesday. Cantor Fitzgerald reaffirmed a hold rating and set a $45.00 price target on shares of IHS Markit in a report on Tuesday. Zacks Investment Research raised shares of IHS Markit from a sell rating to a hold rating in a report on Tuesday, August 29th. Finally, UBS AG reaffirmed a neutral rating and set a $47.00 price target (up from $43.00) on shares of IHS Markit in a report on Friday, June 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $46.67.
Shares of IHS Markit (INFO) traded down 0.11% during trading on Wednesday, hitting $44.08. 3,864,672 shares of the company were exchanged. The stock has a market cap of $17.53 billion, a P/E ratio of 46.30 and a beta of 0.88. The company’s 50-day moving average price is $46.67 and its 200 day moving average price is $44.61. IHS Markit has a 12 month low of $34.13 and a 12 month high of $48.53.
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 the Zacks’ consensus estimate of $0.53 by $0.04. The business had revenue of $904.70 million during the quarter, compared to analyst estimates of $890.99 million. IHS Markit had a net margin of 11.35% and a return on equity of 8.79%. The business’s revenue was up 24.9% on a year-over-year basis. During the same period last year, the business earned $0.45 EPS. On average, equities analysts predict that IHS Markit will post $2.06 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This report was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/09/30/bmo-capital-markets-reaffirms-outperform-rating-for-ihs-markit-ltd-info.html.
In other IHS Markit news, EVP Jonathan Gear sold 30,004 shares of the firm’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $44.43, for a total transaction of $1,333,077.72. Following the completion of the transaction, the executive vice president now directly owns 328,874 shares of the company’s stock, valued at approximately $14,611,871.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Lance Darrell Gordon Uggla sold 112,162 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $47.27, for a total transaction of $5,301,897.74. Following the transaction, the president now directly owns 461,344 shares of the company’s stock, valued at $21,807,730.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,031,463 shares of company stock valued at $48,308,385.
Several hedge funds and other institutional investors have recently bought and sold shares of INFO. BlackRock Inc. boosted its holdings in shares of IHS Markit by 104.2% in the 2nd quarter. BlackRock Inc. now owns 20,763,308 shares of the business services provider’s stock valued at $914,415,000 after buying an additional 10,593,627 shares during the period. State Street Corp boosted its holdings in shares of IHS Markit by 269.2% in the 2nd quarter. State Street Corp now owns 14,324,138 shares of the business services provider’s stock valued at $630,974,000 after buying an additional 10,443,873 shares during the period. Vanguard Group Inc. boosted its holdings in shares of IHS Markit by 23.1% in the 2nd quarter. Vanguard Group Inc. now owns 32,906,495 shares of the business services provider’s stock valued at $1,449,201,000 after buying an additional 6,171,840 shares during the period. FMR LLC boosted its holdings in shares of IHS Markit by 58.4% in the 1st quarter. FMR LLC now owns 14,521,091 shares of the business services provider’s stock valued at $609,160,000 after buying an additional 5,352,565 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of IHS Markit by 8,621.2% in the 2nd quarter. Janus Henderson Group PLC now owns 4,084,667 shares of the business services provider’s stock valued at $179,889,000 after buying an additional 4,037,831 shares during the period. 96.03% of the stock is owned by institutional investors and hedge funds.
About IHS Markit
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.
Receive News & Stock Ratings for IHS Markit Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IHS Markit Ltd. and related stocks with our FREE daily email newsletter.