IHS Markit Ltd. (NASDAQ:INFO) had its price objective raised by SunTrust Banks, Inc. to $48.00 in a research report sent to investors on Tuesday. They currently have a hold rating on the business services provider’s stock.

A number of other equities research analysts have also recently commented on the company. Morgan Stanley reissued an underweight rating and issued a $41.00 price objective (up previously from $40.00) on shares of IHS Markit in a research note on Tuesday, July 18th. Zacks Investment Research raised IHS Markit from a sell rating to a hold rating in a research note on Tuesday, August 29th. Cantor Fitzgerald reissued a hold rating and issued a $45.00 price objective on shares of IHS Markit in a research note on Tuesday, September 26th. Wells Fargo & Company reduced their price objective on IHS Markit from $52.00 to $50.00 and set an outperform rating for the company in a research note on Wednesday, September 27th. Finally, BMO Capital Markets reissued an outperform rating and issued a $50.00 price objective (down previously from $52.00) on shares of IHS Markit in a research note on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $47.46.

Shares of IHS Markit (NASDAQ INFO) traded up $0.16 during mid-day trading on Tuesday, reaching $43.62. The company’s stock had a trading volume of 5,397,196 shares, compared to its average volume of 2,667,290. The company has a market capitalization of $17,380.00, a P/E ratio of 27.09, a P/E/G ratio of 2.35 and a beta of 0.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.53. IHS Markit has a 1-year low of $34.20 and a 1-year high of $48.53.

IHS Markit (NASDAQ:INFO) last issued its earnings results on Tuesday, September 26th. The business services provider reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.04. IHS Markit had a return on equity of 8.79% and a net margin of 11.35%. The business had revenue of $904.70 million during the quarter, compared to the consensus estimate of $890.99 million. During the same period in the previous year, the company posted $0.45 earnings per share. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. research analysts predict that IHS Markit will post 1.56 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “SunTrust Banks, Inc. Raises IHS Markit Ltd. (INFO) Price Target to $48.00” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.thecerbatgem.com/2017/11/17/suntrust-banks-inc-raises-ihs-markit-ltd-info-price-target-to-48-00.html.

In related news, CFO Todd S. Hyatt sold 20,000 shares of IHS Markit stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $44.20, for a total transaction of $884,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Large investors have recently made changes to their positions in the stock. Prudential Financial Inc. bought a new stake in IHS Markit during the first quarter worth $247,000. Alliancebernstein L.P. lifted its holdings in IHS Markit by 39.0% during the first quarter. Alliancebernstein L.P. now owns 39,432 shares of the business services provider’s stock worth $1,654,000 after acquiring an additional 11,066 shares during the period. Capstone Asset Management Co. bought a new stake in IHS Markit during the second quarter worth $808,000. Bank of Montreal Can lifted its holdings in IHS Markit by 105.8% during the second quarter. Bank of Montreal Can now owns 126,607 shares of the business services provider’s stock worth $5,576,000 after acquiring an additional 65,093 shares during the period. Finally, Gateway Investment Advisers LLC bought a new stake in IHS Markit during the second quarter worth $866,000. 94.48% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for IHS Markit (NASDAQ:INFO)

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.