Robert P. Kelly Purchases 5,000 Shares of IHS Markit Ltd (NYSE:INFO) Stock
IHS Markit Ltd (NYSE:INFO) Director Robert P. Kelly purchased 5,000 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was acquired at an average cost of $72.29 per share, for a total transaction of $361,450.00. Following the completion of the purchase, the director now owns 107,641 shares in the company, valued at approximately $7,781,367.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NYSE INFO opened at $75.50 on Wednesday. IHS Markit Ltd has a twelve month low of $44.81 and a twelve month high of $81.65. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $30.68 billion, a price-to-earnings ratio of 38.13, a price-to-earnings-growth ratio of 2.72 and a beta of 0.94. The business has a 50 day simple moving average of $70.15 and a 200-day simple moving average of $70.67.
IHS Markit (NYSE:INFO) last issued its quarterly earnings results on Tuesday, June 23rd. The business services provider reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.02. IHS Markit had a return on equity of 10.66% and a net margin of 18.43%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the business earned $0.71 EPS. The business’s quarterly revenue was down 9.6% on a year-over-year basis. As a group, equities analysts predict that IHS Markit Ltd will post 2.23 earnings per share for the current year.
INFO has been the topic of a number of research analyst reports. Cantor Fitzgerald decreased their price target on IHS Markit from $74.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 25th. Deutsche Bank raised their price target on IHS Markit from $71.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. UBS Group raised IHS Markit from a “neutral” rating to a “buy” rating and raised their price target for the stock from $63.00 to $85.00 in a research note on Wednesday, June 24th. Stifel Nicolaus raised IHS Markit from a “hold” rating to a “buy” rating and lifted their price objective for the company from $61.00 to $89.00 in a research note on Tuesday, June 23rd. Finally, Wells Fargo & Co lifted their price objective on IHS Markit from $70.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, June 24th. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $80.76.
IHS Markit Company Profile
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.
Receive News & Ratings for IHS Markit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IHS Markit and related companies with MarketBeat.com's FREE daily email newsletter.