IHS Markit (INFO) Lifted to “Strong-Buy” at BidaskClub

IHS Markit (NASDAQ:INFO) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

A number of other analysts have also commented on INFO. Zacks Investment Research lowered IHS Markit from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Morgan Stanley cut their price target on IHS Markit from $41.00 to $40.00 and set an “underweight” rating on the stock in a report on Wednesday, September 27th. Royal Bank of Canada dropped their target price on IHS Markit from $50.00 to $49.00 and set an “outperform” rating on the stock in a report on Wednesday, September 27th. Bank of America dropped their target price on IHS Markit from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, September 27th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $50.00 target price (down previously from $52.00) on shares of IHS Markit in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. IHS Markit currently has an average rating of “Buy” and a consensus target price of $48.07.

Shares of IHS Markit (NASDAQ:INFO) traded up $0.39 during trading on Thursday, hitting $47.85. The stock had a trading volume of 2,642,900 shares, compared to its average volume of 2,253,833. The company has a market capitalization of $19,087.04, a price-to-earnings ratio of 49.84, a price-to-earnings-growth ratio of 2.28 and a beta of 0.83. IHS Markit has a 12 month low of $36.73 and a 12 month high of $48.53. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44.

IHS Markit (NASDAQ:INFO) last issued its quarterly earnings results on Tuesday, January 16th. The business services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. The company had revenue of $944.70 million for the quarter, compared to analyst estimates of $912.65 million. IHS Markit had a return on equity of 8.79% and a net margin of 11.35%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 earnings per share. analysts expect that IHS Markit will post 1.57 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in IHS Markit by 23.1% in the second quarter. Vanguard Group Inc. now owns 32,906,495 shares of the business services provider’s stock valued at $1,449,201,000 after buying an additional 6,171,840 shares during the period. BlackRock Inc. raised its stake in IHS Markit by 104.2% in the second quarter. BlackRock Inc. now owns 20,763,308 shares of the business services provider’s stock valued at $914,415,000 after buying an additional 10,593,627 shares during the period. FMR LLC raised its stake in IHS Markit by 20.6% in the second quarter. FMR LLC now owns 17,512,617 shares of the business services provider’s stock valued at $771,256,000 after buying an additional 2,991,526 shares during the period. Edgewood Management LLC raised its stake in IHS Markit by 0.9% in the third quarter. Edgewood Management LLC now owns 17,088,421 shares of the business services provider’s stock valued at $753,258,000 after buying an additional 158,338 shares during the period. Finally, State Street Corp raised its stake in IHS Markit by 269.2% in the second quarter. State Street Corp now owns 14,324,138 shares of the business services provider’s stock valued at $630,974,000 after buying an additional 10,443,873 shares during the period. Hedge funds and other institutional investors own 98.94% of the company’s stock.

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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.

Analyst Recommendations for IHS Markit (NASDAQ:INFO)

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