Credit Suisse Group began coverage on shares of IHS Markit (NASDAQ:INFO) in a research note issued on Friday, The Fly reports. The brokerage set an “outperform” rating on the business services provider’s stock.

Several other research analysts have also recently weighed in on INFO. BidaskClub cut IHS Markit from a “buy” rating to a “hold” rating in a research report on Friday, August 24th. BMO Capital Markets upped their price objective on IHS Markit from $57.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 4th. Morgan Stanley set a $49.00 price objective on IHS Markit and gave the stock a “sell” rating in a research report on Thursday, September 13th. Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Tuesday, September 25th. Finally, Stifel Nicolaus upped their price objective on IHS Markit from $54.00 to $57.00 and gave the stock a “hold” rating in a research report on Wednesday, September 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $58.00.

INFO stock opened at $51.79 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.62. The stock has a market cap of $20.70 billion, a PE ratio of 30.83, a PEG ratio of 2.24 and a beta of 0.74. IHS Markit has a fifty-two week low of $43.07 and a fifty-two week high of $55.99.

IHS Markit (NASDAQ:INFO) last posted its quarterly earnings data on Tuesday, September 25th. The business services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.03. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $991.05 million. IHS Markit had a return on equity of 9.55% and a net margin of 14.57%. IHS Markit’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 earnings per share. As a group, equities research analysts anticipate that IHS Markit will post 1.82 EPS for the current fiscal year.

In related news, CFO Todd S. Hyatt sold 14,517 shares of the company’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $54.01, for a total transaction of $784,063.17. Following the sale, the chief financial officer now owns 341,598 shares in the company, valued at $18,449,707.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.68% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. raised its holdings in IHS Markit by 5,788.6% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,061 shares of the business services provider’s stock worth $106,000 after acquiring an additional 2,026 shares in the last quarter. Fort L.P. bought a new stake in IHS Markit in the second quarter valued at approximately $122,000. Tower Research Capital LLC TRC bought a new stake in IHS Markit in the second quarter valued at approximately $124,000. Great West Life Assurance Co. Can bought a new stake in IHS Markit in the second quarter valued at approximately $173,000. Finally, Wedbush Securities Inc. bought a new stake in IHS Markit in the third quarter valued at approximately $203,000. Institutional investors and hedge funds own 96.22% of the company’s stock.

About IHS Markit

IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets that drive economies worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government.

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Analyst Recommendations for IHS Markit (NASDAQ:INFO)

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