IHS Markit (INFO) PT Raised to $64.00

IHS Markit (NASDAQ:INFO) had its target price boosted by Wells Fargo & Co from $60.00 to $64.00 in a report released on Wednesday. The firm currently has an outperform rating on the business services provider’s stock.

Several other research firms have also recently issued reports on INFO. BidaskClub upgraded IHS Markit from a hold rating to a buy rating in a research report on Wednesday, September 5th. Morgan Stanley set a $49.00 price target on IHS Markit and gave the company a sell rating in a research report on Thursday, September 13th. BMO Capital Markets raised their price target on IHS Markit from $57.00 to $60.00 and gave the company an outperform rating in a research report on Tuesday, September 4th. Zacks Investment Research upgraded IHS Markit from a hold rating to a buy rating and set a $61.00 price target for the company in a research report on Tuesday. Finally, Stifel Nicolaus raised their price target on IHS Markit from $54.00 to $57.00 and gave the company a hold rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $57.13.

NASDAQ:INFO traded up $0.11 during trading hours on Wednesday, hitting $53.49. The company’s stock had a trading volume of 49,952 shares, compared to its average volume of 1,418,871. The stock has a market capitalization of $21.13 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 2.54 and a beta of 0.77. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.41 and a current ratio of 1.41. IHS Markit has a 52-week low of $42.40 and a 52-week high of $55.99.

IHS Markit (NASDAQ:INFO) last released its quarterly earnings data on Tuesday, September 25th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $991.05 million. IHS Markit had a return on equity of 9.52% and a net margin of 14.57%. IHS Markit’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 earnings per share. analysts predict that IHS Markit will post 1.85 EPS for the current year.

In other news, Director William E. Ford sold 2,000,000 shares of IHS Markit stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $52.05, for a total value of $104,100,000.00. Following the completion of the transaction, the director now owns 15,907 shares in the company, valued at approximately $827,959.35. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Sari Beth Granat sold 25,000 shares of IHS Markit stock in a transaction that occurred on Friday, June 29th. The stock was sold at an average price of $51.99, for a total value of $1,299,750.00. Following the completion of the transaction, the executive vice president now owns 30,580 shares of the company’s stock, valued at approximately $1,589,854.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,050,000 shares of company stock valued at $106,724,750. Insiders own 2.68% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in shares of IHS Markit by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 161,883 shares of the business services provider’s stock worth $8,352,000 after acquiring an additional 1,094 shares in the last quarter. Nuveen Asset Management LLC boosted its position in IHS Markit by 8.0% during the 1st quarter. Nuveen Asset Management LLC now owns 18,321 shares of the business services provider’s stock valued at $884,000 after purchasing an additional 1,360 shares during the period. Korea Investment CORP boosted its position in IHS Markit by 42.0% during the 1st quarter. Korea Investment CORP now owns 4,730 shares of the business services provider’s stock valued at $228,000 after purchasing an additional 1,400 shares during the period. HPM Partners LLC boosted its position in IHS Markit by 4.8% during the 2nd quarter. HPM Partners LLC now owns 31,108 shares of the business services provider’s stock valued at $1,605,000 after purchasing an additional 1,425 shares during the period. Finally, DnB Asset Management AS boosted its position in IHS Markit by 3.3% during the 2nd quarter. DnB Asset Management AS now owns 46,820 shares of the business services provider’s stock valued at $2,415,000 after purchasing an additional 1,500 shares during the period. Institutional investors own 97.03% of the company’s stock.

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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Analyst Recommendations for IHS Markit (NASDAQ:INFO)

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