IHS Markit’s (INFO) “Buy” Rating Reiterated at Royal Bank of Canada
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.
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.
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