IHS Markit (INFO) Given Consensus Recommendation of “Buy” by Brokerages

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Shares of IHS Markit (NASDAQ:INFO) have earned an average rating of “Hold” from the sixteen research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $53.50.

A number of equities research analysts recently commented on the company. BidaskClub cut IHS Markit from a “buy” rating to a “hold” rating in a research note on Tuesday, June 12th. ValuEngine cut IHS Markit from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Tuesday, April 3rd. Macquarie raised IHS Markit from a “neutral” rating to an “outperform” rating in a research note on Friday, June 1st. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $57.00 target price on shares of IHS Markit in a research note on Wednesday, March 28th.

Shares of IHS Markit opened at $50.78 on Friday, MarketBeat reports. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.51. IHS Markit has a 12 month low of $42.40 and a 12 month high of $52.61. The firm has a market cap of $19.83 billion, a P/E ratio of 30.23, a P/E/G ratio of 2.33 and a beta of 0.77.

IHS Markit (NASDAQ:INFO) last announced its quarterly earnings data on Tuesday, March 27th. The business services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. IHS Markit had a return on equity of 9.33% and a net margin of 16.06%. The business had revenue of $932.10 million during the quarter, compared to analysts’ expectations of $906.91 million. During the same period in the previous year, the firm earned $0.46 earnings per share. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. equities research analysts anticipate that IHS Markit will post 1.84 earnings per share for the current fiscal year.

In other news, EVP Adam Jason Kansler sold 20,000 shares of the business’s stock in a transaction dated Tuesday, April 10th. The stock was sold at an average price of $48.50, for a total value of $970,000.00. Following the sale, the executive vice president now directly owns 131,052 shares in the company, valued at $6,356,022. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Lance Darrell Gordon Uggla sold 60,000 shares of the business’s stock in a transaction dated Friday, May 4th. The shares were sold at an average price of $48.81, for a total value of $2,928,600.00. Following the completion of the sale, the chief executive officer now owns 376,023 shares in the company, valued at $18,353,682.63. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 622,400 shares of company stock worth $30,314,866. Corporate insiders own 2.68% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Mountain Pacific Investment Advisers Inc. ID lifted its holdings in shares of IHS Markit by 0.4% in the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 319,455 shares of the business services provider’s stock valued at $15,411,000 after purchasing an additional 1,200 shares in the last quarter. Stephens Investment Management Group LLC lifted its holdings in shares of IHS Markit by 0.4% in the first quarter. Stephens Investment Management Group LLC now owns 338,893 shares of the business services provider’s stock valued at $16,348,000 after purchasing an additional 1,213 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of IHS Markit by 8.0% in the first 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 in the last quarter. M&T Bank Corp lifted its holdings in shares of IHS Markit by 7.4% in the first quarter. M&T Bank Corp now owns 20,143 shares of the business services provider’s stock valued at $972,000 after purchasing an additional 1,389 shares in the last quarter. Finally, Korea Investment CORP lifted its holdings in shares of IHS Markit by 42.0% in the first 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 in the last quarter. Institutional investors own 96.26% 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.

Analyst Recommendations for IHS Markit (NASDAQ:INFO)

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