Credit Suisse Group assumed coverage on shares of IHS Markit (NASDAQ:INFO) in a report released on Friday, Marketbeat.com reports. The firm issued an outperform rating and a $65.00 target price on the business services provider’s stock.
Several other research firms have also weighed in on INFO. BidaskClub raised IHS Markit from a hold rating to a buy rating in a report on Wednesday, September 5th. Morgan Stanley set a $49.00 target price on IHS Markit and gave the company a sell rating in a report on Thursday, September 13th. BMO Capital Markets upped their target price on IHS Markit from $57.00 to $60.00 and gave the company an outperform rating in a report on Tuesday, September 4th. Zacks Investment Research raised IHS Markit from a hold rating to a buy rating and set a $61.00 target price on the stock in a report on Tuesday, September 25th. Finally, Wells Fargo & Co upped their target price on IHS Markit from $60.00 to $64.00 and gave the company an outperform rating in a report on Wednesday, September 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $58.47.
NASDAQ:INFO traded down $0.90 during trading hours on Friday, hitting $50.89. The company’s stock had a trading volume of 2,408,347 shares, compared to its average volume of 2,097,409. The stock has a market capitalization of $20.41 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 2.21 and a beta of 0.74. 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 has a 52-week low of $43.07 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 9.55% 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. On average, analysts predict that IHS Markit will post 1.82 EPS for the current year.
In related news, CFO Todd S. Hyatt sold 14,517 shares of the stock in a transaction on Monday, October 1st. The stock was sold at an average price of $54.01, for a total transaction of $784,063.17. Following the sale, the chief financial officer now owns 341,598 shares of the company’s stock, valued at $18,449,707.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.68% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP acquired a new stake in shares of IHS Markit during the third quarter valued at $2,565,000. Great Lakes Advisors LLC acquired a new stake in shares of IHS Markit during the third quarter valued at $523,000. Morgan Stanley boosted its stake in shares of IHS Markit by 103.8% during the third quarter. Morgan Stanley now owns 339,967 shares of the business services provider’s stock valued at $18,344,000 after acquiring an additional 173,115 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of IHS Markit by 5.8% during the third quarter. Legal & General Group Plc now owns 1,792,526 shares of the business services provider’s stock valued at $96,724,000 after acquiring an additional 98,173 shares during the last quarter. Finally, Standard Life Aberdeen plc boosted its stake in shares of IHS Markit by 9.8% during the third quarter. Standard Life Aberdeen plc now owns 95,731 shares of the business services provider’s stock valued at $5,166,000 after acquiring an additional 8,571 shares during the last quarter. 96.22% of the stock is currently owned by institutional investors and hedge funds.
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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