IHS Markit Ltd. (NASDAQ:INFO) had its price target reduced by stock analysts at UBS AG from $45.00 to $44.00 in a research report issued on Friday. The brokerage presently has a “neutral” rating on the business services provider’s stock. UBS AG’s target price suggests a potential upside of 0.87% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. Zacks Investment Research upgraded IHS Markit from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Cantor Fitzgerald restated a “hold” rating and issued a $45.00 target price on shares of IHS Markit in a research note on Tuesday, September 26th. SunTrust Banks, Inc. upped their target price on IHS Markit to $48.00 and gave the stock a “hold” rating in a research note on Tuesday, November 14th. Wells Fargo & Company decreased their target price on IHS Markit from $52.00 to $50.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 27th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $50.00 target price (down from $52.00) on shares of IHS Markit in a research note on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $47.46.

Shares of IHS Markit (NASDAQ INFO) traded up $0.16 during midday trading on Friday, reaching $43.62. The company’s stock had a trading volume of 3,879,743 shares, compared to its average volume of 2,133,410. The company has a market cap of $17,399.71, a price-to-earnings ratio of 26.93, a P/E/G ratio of 2.38 and a beta of 0.82. 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 has a fifty-two week low of $34.20 and a fifty-two week high of $48.53.

IHS Markit (NASDAQ:INFO) last announced its earnings results on Tuesday, September 26th. The business services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. The business had revenue of $904.70 million for the quarter, compared to analyst estimates of $890.99 million. IHS Markit had a return on equity of 8.79% and a net margin of 11.35%. The company’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 EPS. sell-side analysts expect that IHS Markit will post 1.57 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This article was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The correct version of this article can be read at https://www.thecerbatgem.com/2017/11/19/ubs-ag-lowers-ihs-markit-ltd-info-price-target-to-44-00.html.

In other news, CFO Todd S. Hyatt sold 20,000 shares of the stock in a transaction dated 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 document filed with the SEC, which is available through the SEC website.

A number of institutional investors and hedge funds have recently bought and sold shares of INFO. BlackRock Inc. grew its position in IHS Markit by 104.2% during the 2nd quarter. BlackRock Inc. now owns 20,763,308 shares of the business services provider’s stock worth $914,415,000 after acquiring an additional 10,593,627 shares during the last quarter. State Street Corp grew its position in IHS Markit by 269.2% during the 2nd quarter. State Street Corp now owns 14,324,138 shares of the business services provider’s stock worth $630,974,000 after acquiring an additional 10,443,873 shares during the last quarter. Vanguard Group Inc. grew its position in IHS Markit by 23.1% during the 2nd quarter. Vanguard Group Inc. now owns 32,906,495 shares of the business services provider’s stock worth $1,449,201,000 after acquiring an additional 6,171,840 shares during the last quarter. Janus Henderson Group PLC grew its position in IHS Markit by 8,621.2% during the 2nd quarter. Janus Henderson Group PLC now owns 4,084,667 shares of the business services provider’s stock worth $179,889,000 after acquiring an additional 4,037,831 shares during the last quarter. Finally, BT Investment Management Ltd grew its position in IHS Markit by 156.3% during the 3rd quarter. BT Investment Management Ltd now owns 5,887,279 shares of the business services provider’s stock worth $259,511,000 after acquiring an additional 3,590,548 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

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.