IHS Markit (INFO) Rating Increased to Outperform at Macquarie

IHS Markit (NASDAQ:INFO) was upgraded by Macquarie from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The brokerage presently has a $60.00 price objective on the business services provider’s stock. Macquarie’s price objective would indicate a potential upside of 18.18% from the company’s current price.

A number of other equities research analysts also recently commented on INFO. Zacks Investment Research raised shares of IHS Markit from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Tuesday, April 3rd. Piper Jaffray Companies reissued an “overweight” rating and issued a $57.00 price objective on shares of IHS Markit in a research report on Wednesday, March 28th. BMO Capital Markets upped their target price on shares of IHS Markit to $57.00 in a report on Tuesday, May 15th. Wells Fargo & Co upped their target price on shares of IHS Markit from $55.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, March 28th. Finally, Cantor Fitzgerald upped their target price on shares of IHS Markit from $47.00 to $51.00 and gave the company a “neutral” rating in a report on Wednesday, March 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $53.92.

Shares of NASDAQ:INFO opened at $50.77 on Tuesday. IHS Markit has a 52 week low of $42.40 and a 52 week high of $52.61. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $20.19 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 2.41 and a beta of 0.78.



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, beating the Zacks’ consensus estimate of $0.50 by $0.03. IHS Markit had a net margin of 16.06% and a return on equity of 9.33%. The company had revenue of $932.10 million for the quarter, compared to the consensus estimate of $906.91 million. During the same period in the prior year, the firm posted $0.46 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. research analysts forecast that IHS Markit will post 1.84 earnings per share for the current year.

In related news, EVP Adam Jason Kansler sold 20,000 shares of the stock in a transaction on Tuesday, April 10th. The shares were sold at an average price of $48.50, for a total transaction of $970,000.00. Following the completion of the sale, the executive vice president now owns 131,052 shares in the company, valued at approximately $6,356,022. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ruann Faye Ernst sold 7,400 shares of the stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $47.59, for a total transaction of $352,166.00. Following the sale, the director now owns 69,312 shares of the company’s stock, valued at approximately $3,298,558.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 622,400 shares of company stock valued at $30,314,866. Company insiders own 2.68% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Amalgamated Bank boosted its stake in IHS Markit by 5.8% during the 1st quarter. Amalgamated Bank now owns 52,280 shares of the business services provider’s stock worth $2,522,000 after purchasing an additional 2,863 shares during the period. WINTON GROUP Ltd boosted its stake in IHS Markit by 124.0% during the 1st quarter. WINTON GROUP Ltd now owns 26,358 shares of the business services provider’s stock worth $1,272,000 after purchasing an additional 14,593 shares during the period. Rational Advisors LLC acquired a new stake in IHS Markit during the 1st quarter worth $468,000. Catalyst Capital Advisors LLC acquired a new stake in IHS Markit during the 1st quarter worth $2,752,000. Finally, Xact Kapitalforvaltning AB boosted its stake in IHS Markit by 4.2% during the 1st quarter. Xact Kapitalforvaltning AB now owns 82,713 shares of the business services provider’s stock worth $3,990,000 after purchasing an additional 3,357 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

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.

Analyst Recommendations for IHS Markit (NASDAQ:INFO)

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