IHS Markit Ltd (NASDAQ:INFO)‘s stock had its “overweight” rating restated by equities research analysts at Piper Jaffray Companies in a research report issued on Tuesday.
Several other equities research analysts have also issued reports on INFO. Cantor Fitzgerald reiterated a “hold” rating on shares of IHS Markit in a research note on Tuesday, March 7th. Deutsche Bank AG reiterated a “buy” rating and issued a $44.00 price target (up from $40.00) on shares of IHS Markit in a research note on Thursday, January 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $45.00 price target (up from $42.00) on shares of IHS Markit in a research note on Wednesday, January 18th. TheStreet upgraded shares of IHS Markit from a “c+” rating to a “b-” rating in a research note on Friday, February 17th. Finally, Zacks Investment Research upgraded shares of IHS Markit from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Thursday, January 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $40.00.
Shares of IHS Markit (NASDAQ:INFO) opened at 40.60 on Tuesday. The company has a 50 day moving average of $40.12 and a 200 day moving average of $37.37. The company has a market cap of $16.91 billion, a PE ratio of 84.76 and a beta of 0.90. IHS Markit has a 1-year low of $28.70 and a 1-year high of $41.00.
IHS Markit (NASDAQ:INFO) last issued 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. IHS Markit had a net margin of 4.94% and a return on equity of 6.57%. The firm had revenue of $874 million for the quarter, compared to analyst estimates of $870.50 million. IHS Markit’s revenue was up 57.2% compared to the same quarter last year. Equities analysts expect that IHS Markit will post $2.06 earnings per share for the current fiscal year.
In other news, EVP Sari Beth Granat sold 3,529 shares of the business’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $39.35, for a total transaction of $138,866.15. Following the transaction, the executive vice president now directly owns 20,104 shares in the company, valued at approximately $791,092.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Daniel Yergin sold 52,539 shares of the business’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $39.32, for a total transaction of $2,065,833.48. Following the transaction, the insider now owns 510,969 shares in the company, valued at $20,091,301.08. The disclosure for this sale can be found here. Insiders have sold a total of 217,605 shares of company stock worth $8,498,056 over the last 90 days.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. purchased a new position in IHS Markit during the third quarter valued at $145,000. First Interstate Bank bought a new stake in shares of IHS Markit during the fourth quarter valued at approximately $184,000. Integrated Investment Consultants LLC bought a new stake in shares of IHS Markit during the third quarter valued at approximately $237,000. Tudor Investment Corp Et Al bought a new stake in shares of IHS Markit during the fourth quarter valued at approximately $257,000. Finally, Guggenheim Capital LLC bought a new stake in shares of IHS Markit during the fourth quarter valued at approximately $273,000. Institutional investors own 91.47% of the company’s stock.
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.