IHS Markit (NASDAQ:INFO) had its price objective cut by UBS Group from $55.00 to $53.00 in a report published on Tuesday, www.benzinga.com reports. They currently have a neutral rating on the business services provider’s stock.

Several other research analysts have also recently weighed in on the stock. BidaskClub cut shares of IHS Markit from a buy rating to a hold rating in a report on Saturday, December 15th. Credit Suisse Group began coverage on shares of IHS Markit in a research report on Friday, December 7th. They issued an outperform rating and a $65.00 price objective on the stock. Bank of America began coverage on shares of IHS Markit in a research report on Tuesday, October 23rd. They issued a buy rating and a $63.00 price objective on the stock. Morgan Stanley set a $46.00 price objective on shares of IHS Markit and gave the stock a sell rating in a research report on Monday, October 15th. Finally, Barclays began coverage on shares of IHS Markit in a research report on Thursday, October 11th. They issued an overweight rating on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. IHS Markit currently has an average rating of Buy and an average price target of $58.33.

IHS Markit stock traded down $0.20 during midday trading on Tuesday, hitting $49.69. 68,601 shares of the stock were exchanged, compared to its average volume of 2,518,617. IHS Markit has a 52-week low of $43.07 and a 52-week high of $55.99. The stock has a market cap of $19.55 billion, a PE ratio of 29.58, a price-to-earnings-growth ratio of 2.12 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.43 and a current ratio of 0.43.

A number of hedge funds have recently added to or reduced their stakes in INFO. Alps Advisors Inc. purchased a new position in IHS Markit in the 2nd quarter worth approximately $381,000. Dimensional Fund Advisors LP grew its stake in IHS Markit by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 161,883 shares of the business services provider’s stock worth $8,352,000 after buying an additional 1,094 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in IHS Markit by 7.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 65,402 shares of the business services provider’s stock worth $3,375,000 after buying an additional 4,462 shares in the last quarter. Great West Life Assurance Co. Can purchased a new position in IHS Markit in the 2nd quarter worth approximately $173,000. Finally, FMR LLC grew its stake in IHS Markit by 10.0% in the 2nd quarter. FMR LLC now owns 16,933,612 shares of the business services provider’s stock worth $873,605,000 after buying an additional 1,539,362 shares in the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

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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