The Markit Ltd. (INFO) PT Raised to $45.00 at Royal Bank Of Canada

The Markit Ltd. (INFO) PT Raised to $45.00 at Royal Bank Of Canada

Markit Ltd. (NASDAQ:INFO) had its target price upped by equities research analysts at Royal Bank Of Canada from $42.00 to $45.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 17.89% from the company’s current price.

A number of other analysts have also recently weighed in on INFO. Zacks Investment Research raised shares of Markit from a “hold” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a report on Monday, September 26th. BMO Capital Markets reissued an “outperform” rating and set a $43.00 target price on shares of Markit in a report on Tuesday. Deutsche Bank AG reissued a “buy” rating on shares of Markit in a report on Thursday, December 8th. Morgan Stanley set a $34.00 target price on shares of Markit and gave the stock a “sell” rating in a report on Wednesday, September 28th. Finally, RBC Capital Markets set a $42.00 target price on shares of Markit and gave the stock a “buy” rating in a report on Wednesday, September 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $40.36.

Shares of Markit (NASDAQ:INFO) opened at 38.17 on Wednesday. Markit has a 52 week low of $26.29 and a 52 week high of $38.75. The company has a 50 day moving average of $35.85 and a 200 day moving average of $35.95. The firm has a market cap of $15.90 billion, a PE ratio of 79.69 and a beta of 0.86.

Markit (NASDAQ:INFO) last posted its quarterly earnings results on Tuesday, January 17th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The firm had revenue of $874 million for the quarter, compared to analysts’ expectations of $870.50 million. Markit had a net margin of 4.94% and a return on equity of 8.05%. The firm’s quarterly revenue was up 57.2% compared to the same quarter last year. On average, equities research analysts anticipate that Markit will post $2.06 EPS for the current fiscal year.

In related news, insider Heather Matzke-Hamlin sold 10,080 shares of the stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $36.82, for a total value of $371,145.60. Following the completion of the transaction, the insider now owns 81,877 shares in the company, valued at approximately $3,014,711.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Todd S. Hyatt sold 14,000 shares of the stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $36.83, for a total transaction of $515,620.00. Following the completion of the transaction, the chief financial officer now owns 365,459 shares of the company’s stock, valued at approximately $13,459,854.97. The disclosure for this sale can be found here.

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA bought a new position in shares of Markit during the third quarter worth about $551,000. Integrated Investment Consultants LLC bought a new position in shares of Markit during the third quarter worth about $237,000. Mountain Pacific Investment Advisers Inc. ID bought a new position in shares of Markit during the third quarter worth about $16,136,000. Douglas Lane & Associates LLC bought a new position in shares of Markit during the third quarter worth about $1,788,000. Finally, Stanley Laman Group Ltd. bought a new position in shares of Markit during the third quarter worth about $1,163,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

About Markit

IHS Markit Ltd, formerly Markit Ltd., provides critical information, analytics and solutions for the industries and markets that drive economies worldwide. The Company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights.

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