IHS Markit Ltd. (INFO) Price Target Lowered to $44.00 at UBS AG

IHS Markit Ltd. (NASDAQ:INFO) had its target price trimmed by UBS AG from $45.00 to $44.00 in a research note issued to investors on Friday. The firm currently has a neutral rating on the business services provider’s stock.

Several other research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of IHS Markit from a strong sell rating to a hold rating in a report on Thursday. William Blair cut shares of IHS Markit from an outperform rating to a market perform rating in a report on Wednesday. SunTrust Banks, Inc. increased their price objective on shares of IHS Markit to $48.00 and gave the company a hold rating in a report on Tuesday. The Goldman Sachs Group, Inc. began coverage on shares of IHS Markit in a report on Wednesday, November 8th. They issued a buy rating and a $55.00 price objective for the company. Finally, Wells Fargo & Company decreased their price objective on shares of IHS Markit from $52.00 to $50.00 and set an outperform rating for the company in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $47.46.

IHS Markit (INFO) traded up $0.16 during midday trading on Friday, reaching $43.62. 3,879,743 shares of the company’s stock traded hands, compared to its average volume of 2,667,290. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. The company has a market cap of $17,380.00, a PE ratio of 27.09, a price-to-earnings-growth ratio of 2.35 and a beta of 0.82. IHS Markit has a 1 year low of $34.20 and a 1 year high of $48.53.

IHS Markit (NASDAQ:INFO) last posted its quarterly earnings data on Tuesday, September 26th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.04. The business had revenue of $904.70 million during the quarter, compared to analysts’ expectations of $890.99 million. IHS Markit had a net margin of 11.35% and a return on equity of 8.79%. The business’s revenue was up 24.9% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share. equities research analysts anticipate that IHS Markit will post 1.56 earnings per share for the current year.

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In related news, CFO Todd S. Hyatt sold 20,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $44.20, for a total transaction of $884,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of hedge funds have recently added to or reduced their stakes in INFO. BlackRock Inc. lifted its stake in IHS Markit by 104.2% during the second quarter. BlackRock Inc. now owns 20,763,308 shares of the business services provider’s stock valued at $914,415,000 after purchasing an additional 10,593,627 shares during the last quarter. State Street Corp lifted its position in shares of IHS Markit by 269.2% in the 2nd quarter. State Street Corp now owns 14,324,138 shares of the business services provider’s stock valued at $630,974,000 after acquiring an additional 10,443,873 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of IHS Markit by 23.1% in the 2nd quarter. Vanguard Group Inc. now owns 32,906,495 shares of the business services provider’s stock valued at $1,449,201,000 after acquiring an additional 6,171,840 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of IHS Markit by 8,621.2% in the 2nd quarter. Janus Henderson Group PLC now owns 4,084,667 shares of the business services provider’s stock valued at $179,889,000 after acquiring an additional 4,037,831 shares in the last quarter. Finally, BT Investment Management Ltd lifted its position in shares of IHS Markit by 156.3% in the 3rd quarter. BT Investment Management Ltd now owns 5,887,279 shares of the business services provider’s stock valued at $259,511,000 after acquiring an additional 3,590,548 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

About IHS Markit

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.

Analyst Recommendations for IHS Markit (NASDAQ:INFO)

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