Royal Bank of Canada restated their buy rating on shares of IHS Markit (NASDAQ:INFO) in a research report sent to investors on Friday morning. The firm currently has a $55.00 target price on the business services provider’s stock.

Several other equities research analysts have also recently weighed in on the company. Piper Jaffray Companies restated a buy rating and set a $54.00 target price on shares of IHS Markit in a research note on Wednesday. BMO Capital Markets reiterated a buy rating and set a $52.00 price target on shares of IHS Markit in a report on Wednesday. SunTrust Banks reiterated a buy rating and set a $54.00 price target on shares of IHS Markit in a report on Wednesday. Stifel Nicolaus reiterated a hold rating on shares of IHS Markit in a report on Tuesday. Finally, Zacks Investment Research upgraded shares of IHS Markit from a hold rating to a buy rating and set a $53.00 price target for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $49.29.

IHS Markit (NASDAQ:INFO) traded up $1.22 during midday trading on Friday, reaching $48.87. The company’s stock had a trading volume of 3,099,394 shares, compared to its average volume of 1,855,601. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.45. IHS Markit has a 12-month low of $37.82 and a 12-month high of $48.93. The company has a market capitalization of $19,007.27, a PE ratio of 48.39, a PEG ratio of 2.22 and a beta of 0.83.

IHS Markit (NASDAQ:INFO) last released its earnings results on Tuesday, January 16th. The business services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.10. IHS Markit had a return on equity of 8.98% and a net margin of 11.58%. The firm had revenue of $944.70 million during the quarter, compared to analysts’ expectations of $912.65 million. During the same period in the prior year, the company earned $0.48 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. equities research analysts expect that IHS Markit will post 1.83 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Zions Bancorporation acquired a new stake in IHS Markit in the third quarter valued at $126,000. ETF Managers Group LLC acquired a new stake in IHS Markit in the second quarter valued at $135,000. Huntington National Bank acquired a new stake in IHS Markit in the third quarter valued at $173,000. Flinton Capital Management LLC acquired a new stake in IHS Markit in the second quarter valued at $180,000. Finally, Riverhead Capital Management LLC acquired a new stake in IHS Markit in the second quarter valued at $198,000. Institutional investors and hedge funds 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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