Stifel Nicolaus Raises IHS Markit (INFO) Price Target to $57.00

IHS Markit (NASDAQ:INFO) had its price target raised by equities research analysts at Stifel Nicolaus from $54.00 to $57.00 in a report released on Wednesday. The brokerage currently has a “hold” rating on the business services provider’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 5.75% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on INFO. Zacks Investment Research upgraded IHS Markit from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Wednesday, June 27th. SunTrust Banks restated a “buy” rating and set a $61.00 price objective on shares of IHS Markit in a research note on Wednesday, June 27th. BidaskClub upgraded IHS Markit from a “hold” rating to a “buy” rating in a research note on Saturday, June 23rd. ValuEngine upgraded IHS Markit from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Finally, Robert W. Baird upped their target price on IHS Markit from $58.00 to $59.00 and gave the company an “outperform” rating in a research report on Wednesday, June 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $56.79.

Shares of INFO stock opened at $53.90 on Wednesday. IHS Markit has a twelve month low of $42.40 and a twelve month high of $55.99. The firm has a market capitalization of $21.28 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 2.56 and a beta of 0.77. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.41 and a quick ratio of 1.41.

IHS Markit (NASDAQ:INFO) last issued its earnings results on Tuesday, September 25th. The business services provider reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $991.05 million. IHS Markit had a return on equity of 9.68% and a net margin of 16.03%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 EPS. equities analysts forecast that IHS Markit will post 1.85 EPS for the current year.

In related news, EVP Sari Beth Granat sold 25,000 shares of the company’s stock in a transaction dated Friday, June 29th. The stock was sold at an average price of $51.99, for a total transaction of $1,299,750.00. Following the transaction, the executive vice president now directly owns 30,580 shares of the company’s stock, valued at approximately $1,589,854.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William E. Ford sold 2,000,000 shares of the company’s stock in a transaction dated Thursday, July 5th. The shares were sold at an average price of $52.05, for a total value of $104,100,000.00. Following the transaction, the director now directly owns 15,907 shares in the company, valued at $827,959.35. The disclosure for this sale can be found here. Insiders have sold a total of 2,050,000 shares of company stock worth $106,724,750 over the last ninety days. 2.68% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of IHS Markit by 5,788.6% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,061 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 2,026 shares during the period. Fort L.P. acquired a new position in shares of IHS Markit in the second quarter valued at about $122,000. Tower Research Capital LLC TRC acquired a new position in shares of IHS Markit in the second quarter valued at about $124,000. Great West Life Assurance Co. Can acquired a new position in shares of IHS Markit in the second quarter valued at about $173,000. Finally, Ostrum Asset Management acquired a new position in shares of IHS Markit in the first quarter valued at about $186,000. 97.03% of the stock is currently owned by 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.

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