IHS Markit Ltd (NYSE:INFO) Given Consensus Rating of “Buy” by Analysts

Shares of IHS Markit Ltd (NYSE:INFO) have been given a consensus recommendation of “Buy” by the sixteen brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $72.15.

A number of brokerages recently commented on INFO. ValuEngine cut IHS Markit from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley upped their target price on IHS Markit from $58.00 to $59.00 and gave the company an “underweight” rating in a report on Thursday, October 10th. Barclays set a $75.00 target price on shares of IHS Markit and gave the company a “buy” rating in a research report on Tuesday, September 24th. BidaskClub downgraded shares of IHS Markit from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 12th. Finally, Bank of America set a $77.00 price target on shares of IHS Markit and gave the stock a “buy” rating in a report on Tuesday, September 24th.

In other IHS Markit news, CEO Lance Darrell Gordon Uggla sold 91,549 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $71.52, for a total value of $6,547,584.48. Following the transaction, the chief executive officer now directly owns 424,158 shares of the company’s stock, valued at $30,335,780.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.11% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Redhawk Wealth Advisors Inc. bought a new position in IHS Markit during the 2nd quarter valued at $25,000. Strategic Blueprint LLC purchased a new position in shares of IHS Markit during the 3rd quarter worth $32,000. Cornerstone Advisors Inc. raised its holdings in shares of IHS Markit by 87.6% during the 2nd quarter. Cornerstone Advisors Inc. now owns 574 shares of the business services provider’s stock worth $37,000 after acquiring an additional 268 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of IHS Markit during the 2nd quarter valued at about $44,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in shares of IHS Markit during the 2nd quarter valued at about $75,000. Hedge funds and other institutional investors own 96.47% of the company’s stock.

NYSE INFO traded up $0.47 on Friday, hitting $72.78. 65,508 shares of the stock were exchanged, compared to its average volume of 1,659,001. The company has a market capitalization of $29.13 billion, a PE ratio of 36.77, a P/E/G ratio of 2.84 and a beta of 0.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.71. The business’s fifty day moving average is $70.58 and its 200 day moving average is $65.38. IHS Markit has a 52 week low of $44.52 and a 52 week high of $73.11.

IHS Markit (NYSE:INFO) last announced its quarterly earnings results on Tuesday, September 24th. The business services provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.14. IHS Markit had a return on equity of 10.35% and a net margin of 8.74%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the business earned $0.58 earnings per share. The business’s revenue was up 11.1% compared to the same quarter last year. Analysts predict that IHS Markit will post 2.13 EPS for the current fiscal year.

IHS Markit Company Profile

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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Analyst Recommendations for IHS Markit (NYSE:INFO)

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