Credit Suisse Group assumed coverage on shares of IHS Markit (NASDAQ:INFO) in a report released on Friday morning, Marketbeat.com reports. The firm issued an outperform rating and a $65.00 price target on the business services provider’s stock.
Several other equities research analysts also recently commented on INFO. BidaskClub downgraded IHS Markit from a buy rating to a hold rating in a report on Friday, August 24th. BMO Capital Markets raised their target price on IHS Markit from $57.00 to $60.00 and gave the company an outperform rating in a report on Tuesday, September 4th. Morgan Stanley set a $49.00 target price on IHS Markit and gave the company a sell rating in a report on Thursday, September 13th. Zacks Investment Research upgraded IHS Markit from a hold rating to a buy rating and set a $61.00 target price on the stock in a report on Tuesday, September 25th. Finally, Stifel Nicolaus raised their target price on IHS Markit from $54.00 to $57.00 and gave the company a hold rating in a report on Wednesday, September 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of $58.47.
Shares of IHS Markit stock traded down $0.90 during trading hours on Friday, reaching $50.89. The stock had a trading volume of 2,408,347 shares, compared to its average volume of 2,097,409. The company has a market cap of $20.41 billion, a price-to-earnings ratio of 30.29, a price-to-earnings-growth ratio of 2.21 and a beta of 0.74. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.43 and a quick ratio of 0.43. IHS Markit has a 1 year low of $43.07 and a 1 year high of $55.99.
IHS Markit (NASDAQ:INFO) last released its quarterly earnings data on Tuesday, September 25th. The business services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.05 million. IHS Markit had a return on equity of 9.55% and a net margin of 14.57%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the business posted $0.57 EPS. Research analysts anticipate that IHS Markit will post 1.82 EPS for the current year.
In related news, CFO Todd S. Hyatt sold 14,517 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $54.01, for a total transaction of $784,063.17. Following the completion of the transaction, the chief financial officer now owns 341,598 shares of the company’s stock, valued at approximately $18,449,707.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.68% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. grew its position in IHS Markit by 5,788.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,061 shares of the business services provider’s stock worth $106,000 after acquiring an additional 2,026 shares during the last quarter. Fort L.P. acquired a new stake in IHS Markit during the 2nd quarter worth $122,000. Tower Research Capital LLC TRC acquired a new stake in shares of IHS Markit in the 2nd quarter valued at about $124,000. Great West Life Assurance Co. Can acquired a new stake in shares of IHS Markit in the 2nd quarter valued at about $173,000. Finally, Wedbush Securities Inc. acquired a new stake in shares of IHS Markit in the 3rd quarter valued at about $203,000. Institutional investors own 96.22% of the company’s stock.
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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