Brokerages Set IHS Markit (INFO) PT at $53.50

IHS Markit (NASDAQ:INFO) has been assigned a consensus rating of “Buy” from the sixteen ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $53.50.

Several equities research analysts recently commented on INFO shares. Morgan Stanley boosted their price target on IHS Markit from $43.00 to $44.00 and gave the company an “underweight” rating in a research note on Wednesday, March 28th. Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Wednesday, March 7th. ValuEngine upgraded IHS Markit from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Wells Fargo & Co boosted their target price on IHS Markit from $55.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, March 28th. Finally, Cantor Fitzgerald boosted their target price on IHS Markit from $47.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday, March 28th.

In related news, Director Ruann Faye Ernst sold 7,400 shares of the company’s stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $47.59, for a total value of $352,166.00. Following the completion of the transaction, the director now directly owns 69,312 shares in the company, valued at $3,298,558.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lance Darrell Gordon Uggla sold 60,000 shares of the company’s stock in a transaction on 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. Insiders sold 622,400 shares of company stock valued at $30,314,866 over the last 90 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 INFO. Ostrum Asset Management bought a new stake in IHS Markit in the first quarter valued at $186,000. Korea Investment CORP grew its position in 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 acquiring an additional 1,400 shares during the period. Tower Research Capital LLC TRC grew its position in IHS Markit by 779.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,094 shares of the business services provider’s stock valued at $230,000 after acquiring an additional 4,515 shares during the period. ETRADE Capital Management LLC bought a new stake in IHS Markit in the fourth quarter valued at $247,000. Finally, Rehmann Capital Advisory Group bought a new stake in IHS Markit in the fourth quarter valued at $261,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Shares of IHS Markit traded down $0.81, hitting $50.44, during trading hours on Friday, according to Marketbeat.com. The stock had a trading volume of 39,553 shares, compared to its average volume of 1,772,447. The stock has a market cap of $20.06 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 2.36 and a beta of 0.77. IHS Markit has a 52 week low of $42.40 and a 52 week high of $52.61. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.79 and a current ratio of 0.79.

IHS Markit (NASDAQ:INFO) last announced its quarterly earnings results on Tuesday, March 27th. The business services provider reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.03. The business had revenue of $932.10 million during the quarter, compared to analysts’ expectations of $906.91 million. IHS Markit had a return on equity of 9.33% and a net margin of 16.06%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS. analysts predict that IHS Markit will post 1.84 EPS for the current year.

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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