IHS Markit (NASDAQ:INFO) Earning Somewhat Favorable Press Coverage, Report Finds
News coverage about IHS Markit (NASDAQ:INFO) has trended somewhat positive recently, Accern reports. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. IHS Markit earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 45.5912221007026 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Davos 2018: IHS Markit’s view on global economy in 2018 (moneycontrol.com)
- Islamic State Propaganda Now Focused on Perpetual War, Not State-Building Aspirations, IHS Markit Says (finance.yahoo.com)
- Insider Selling: IHS Markit Ltd. (INFO) EVP Sells 50,000 Shares of Stock (americanbankingnews.com)
- North American E&Ps Hedging More Production to Support Free Cash Flow and Returns Goals, IHS Markit Says (finance.yahoo.com)
- Conquer Concerns on Short-Term Commitments: IHS Markit Ltd. (NASDAQ:INFO) – Stock News Stop (stockmarketstop.com)
A number of research analysts have issued reports on the stock. BidaskClub upgraded shares of IHS Markit from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 11th. Zacks Investment Research downgraded shares of IHS Markit from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Royal Bank of Canada reissued a “buy” rating and set a $55.00 price target on shares of IHS Markit in a report on Friday, January 19th. SunTrust Banks reaffirmed a “buy” rating and set a $54.00 price objective on shares of IHS Markit in a report on Wednesday, January 17th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $54.00 price objective on shares of IHS Markit in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $49.29.
IHS Markit (NASDAQ:INFO) last released its quarterly earnings data on Tuesday, January 16th. The business services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. The company had revenue of $944.70 million for the quarter, compared to analysts’ expectations of $912.65 million. IHS Markit had a net margin of 11.58% and a return on equity of 8.98%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned $0.48 earnings per share. equities analysts predict that IHS Markit will post 1.84 EPS for the current year.
In other IHS Markit news, EVP Adam Jason Kansler sold 50,000 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $48.00, for a total transaction of $2,400,000.00. Following the sale, the executive vice president now directly owns 146,612 shares in the company, valued at approximately $7,037,376. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
About IHS Markit
IHS Markit Ltd., formerly Markit Ltd., is a provider of critical information and analytics for the major industries, financial markets and governments. The Company operates through four segments: Resources, Transportation, Consolidated Markets & Solutions (CMS) and Financial Services. The Resources segment includes its energy and chemicals product offerings.
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