Headlines about IHS Markit (NASDAQ:INFO) have trended somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. IHS Markit earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 47.1617986368005 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- IHS Markit Ltd. (INFO) Price Target Raised to $48.00 (americanbankingnews.com)
- IHS Markit : Flexible AMOLED Panel Supply Capacity to Exceed Demand by 44 Percent in 2018, IHS Markit Says (4-traders.com)
- Vehicle Miles Traveled – Light Duty Vehicles In China, Europe, India And The United States (Baseline Scenario). IHS Markit, “Reinventing The Wheel.” (thestreet.com)
- The Future of Cars 2040: Miles Traveled Will Soar While Sales of New Vehicles Will Slow, New IHS Markit Study Says (finance.yahoo.com)
- Equipment Rental Industry Forecast Calls for Consistent Growth (finance.yahoo.com)
INFO has been the topic of several research analyst reports. Bank of America Corporation dropped their price objective on IHS Markit from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, September 27th. Royal Bank Of Canada dropped their price objective on IHS Markit from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 27th. Morgan Stanley dropped their price objective on IHS Markit from $41.00 to $40.00 and set an “underweight” rating on the stock in a research note on Wednesday, September 27th. Wells Fargo & Company dropped their price objective on IHS Markit from $52.00 to $50.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 27th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $50.00 price objective (down previously from $52.00) on shares of IHS Markit in a research note on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. IHS Markit presently has an average rating of “Hold” and a consensus target price of $47.69.
Shares of IHS Markit (NASDAQ INFO) traded up $0.06 during midday trading on Tuesday, reaching $42.99. The company’s stock had a trading volume of 2,300,200 shares, compared to its average volume of 2,655,427. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market cap of $17,124.49, a PE ratio of 26.50, a PEG ratio of 2.29 and a beta of 0.82. IHS Markit has a 1-year low of $34.13 and a 1-year high of $48.53.
IHS Markit (NASDAQ:INFO) last announced its earnings results on Tuesday, September 26th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.04. The business had revenue of $904.70 million for the quarter, compared to analysts’ expectations of $890.99 million. IHS Markit had a return on equity of 8.79% and a net margin of 11.35%. The business’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. analysts forecast that IHS Markit will post 1.56 EPS for the current year.
In other IHS Markit news, CFO Todd S. Hyatt sold 20,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $44.20, for a total transaction of $884,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
TRADEMARK VIOLATION NOTICE: This story was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this story can be accessed at https://www.chaffeybreeze.com/2017/11/14/somewhat-favorable-news-coverage-somewhat-unlikely-to-impact-ihs-markit-info-share-price.html.
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.
Receive News & Ratings for IHS Markit Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IHS Markit Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.