Somewhat Positive Media Coverage Somewhat Unlikely to Impact IHS Markit (INFO) Share Price

News articles about IHS Markit (NASDAQ:INFO) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. IHS Markit earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 46.6872791132553 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media headlines that may have effected Accern Sentiment’s scoring:

A number of equities research analysts have recently commented on INFO shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a $52.00 price objective (up previously from $50.00) on shares of IHS Markit in a research report on Friday, June 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $50.00 price objective (up previously from $48.00) on shares of IHS Markit in a research report on Wednesday, June 28th. Zacks Investment Research downgraded IHS Markit from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th. UBS AG reaffirmed a “neutral” rating and issued a $47.00 price objective (up previously from $43.00) on shares of IHS Markit in a research report on Friday, June 30th. Finally, BMO Capital Markets lifted their price objective on IHS Markit from $49.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday, June 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $45.55.

Shares of IHS Markit (NASDAQ INFO) traded up 0.88% during midday trading on Monday, hitting $47.95. The stock had a trading volume of 3,084,996 shares. The firm has a market cap of $19.17 billion, a price-to-earnings ratio of 88.63 and a beta of 0.88. IHS Markit has a 12-month low of $34.13 and a 12-month high of $48.15. The company’s 50-day moving average price is $46.38 and its 200-day moving average price is $44.27.

IHS Markit (NASDAQ:INFO) last released its earnings results on Tuesday, June 27th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.52. The company had revenue of $906.10 million during the quarter, compared to analyst estimates of $897.80 million. IHS Markit had a return on equity of 7.33% and a net margin of 6.66%. The company’s revenue was up 54.1% compared to the same quarter last year. Equities research analysts forecast that IHS Markit will post $2.06 EPS for the current year.

In related news, EVP Jonathan Gear sold 30,004 shares of the stock in a transaction on Friday, July 14th. The stock was sold at an average price of $44.43, for a total transaction of $1,333,077.72. Following the completion of the sale, the executive vice president now directly owns 328,874 shares in the company, valued at $14,611,871.82. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Daniel Yergin sold 43,657 shares of the stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $44.17, for a total value of $1,928,329.69. Following the sale, the insider now owns 364,703 shares of the company’s stock, valued at $16,108,931.51. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,031,463 shares of company stock valued at $48,308,385.

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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.

Insider Buying and Selling by Quarter for IHS Markit (NASDAQ:INFO)

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