Morgan Stanley Analysts Give IHS Markit (INFO) a $46.00 Price Target

Morgan Stanley set a $46.00 price target on IHS Markit (NASDAQ:INFO) in a research note released on Monday morning. The firm currently has a sell rating on the business services provider’s stock.

INFO has been the topic of several other reports. ValuEngine upgraded shares of IHS Markit from a hold rating to a buy rating in a research report on Monday, July 2nd. Stifel Nicolaus lifted their price objective on shares of IHS Markit from $54.00 to $57.00 and gave the company a hold rating in a research report on Wednesday, September 26th. Wells Fargo & Co lifted their price objective on shares of IHS Markit from $60.00 to $64.00 and gave the company an outperform rating in a research report on Wednesday, September 26th. BidaskClub downgraded shares of IHS Markit from a buy rating to a hold rating in a research report on Friday, August 24th. Finally, BMO Capital Markets lifted their price objective on shares of IHS Markit from $57.00 to $60.00 and gave the company an outperform rating in a research report on Tuesday, September 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $57.43.

Shares of NASDAQ:INFO opened at $52.49 on Monday. The stock has a market capitalization of $20.72 billion, a P/E ratio of 31.24, a PEG ratio of 2.50 and a beta of 0.77. IHS Markit has a fifty-two week low of $42.40 and a fifty-two week high of $55.99. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.43 and a current ratio of 0.43.

IHS Markit (NASDAQ:INFO) last issued its quarterly earnings data on Tuesday, September 25th. The business services provider reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.05 million. IHS Markit had a net margin of 14.57% and a return on equity of 9.55%. IHS Markit’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm posted $0.57 EPS. On average, research analysts expect that IHS Markit will post 1.82 earnings per share for the current fiscal year.

In other IHS Markit news, CFO Todd S. Hyatt sold 14,517 shares of the firm’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $54.01, for a total transaction of $784,063.17. Following 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 filing with the SEC, which can be accessed through this link. 2.68% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in INFO. FMR LLC increased its stake in IHS Markit by 10.0% during the 2nd quarter. FMR LLC now owns 16,933,612 shares of the business services provider’s stock valued at $873,605,000 after buying an additional 1,539,362 shares during the period. Bank of America Corp DE increased its stake in IHS Markit by 57.2% during the 2nd quarter. Bank of America Corp DE now owns 2,788,798 shares of the business services provider’s stock valued at $143,874,000 after buying an additional 1,015,032 shares during the period. Unigestion Holding SA acquired a new position in IHS Markit during the 2nd quarter valued at about $47,358,000. CIBC Private Wealth Group LLC increased its stake in IHS Markit by 52.6% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 1,801,884 shares of the business services provider’s stock valued at $92,960,000 after buying an additional 621,151 shares during the period. Finally, Edgewood Management LLC increased its stake in IHS Markit by 2.4% during the 2nd quarter. Edgewood Management LLC now owns 18,493,151 shares of the business services provider’s stock valued at $954,062,000 after buying an additional 439,429 shares during the period. 96.47% of the stock is currently owned by hedge funds and other institutional investors.

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.

See Also: Why is insider trading harmful?

Analyst Recommendations for IHS Markit (NASDAQ:INFO)

Receive News & Ratings for IHS Markit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IHS Markit and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply