IHS Markit Ltd (NASDAQ:INFO) has been given a consensus rating of “Buy” by the seventeen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $58.50.

INFO has been the topic of several recent research reports. Zacks Investment Research upgraded IHS Markit from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research report on Wednesday, March 20th. BidaskClub lowered IHS Markit from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. SunTrust Banks decreased their target price on IHS Markit to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, January 16th. They noted that the move was a valuation call. BMO Capital Markets decreased their target price on IHS Markit to $58.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 16th. Finally, UBS Group increased their target price on IHS Markit from $53.00 to $56.00 and gave the company a “neutral” rating in a research report on Tuesday, March 12th.

In related news, CEO Lance Darrell Gordon Uggla sold 30,000 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $54.50, for a total value of $1,635,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Todd S. Hyatt sold 40,000 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $56.24, for a total value of $2,249,600.00. Following the completion of the transaction, the chief financial officer now directly owns 243,083 shares of the company’s stock, valued at $13,670,987.92. The disclosure for this sale can be found here. 1.11% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of INFO. Financial Gravity Companies Inc. acquired a new position in IHS Markit in the 4th quarter valued at $27,000. Sontag Advisory LLC acquired a new position in IHS Markit in the 4th quarter valued at $29,000. Avestar Capital LLC raised its stake in IHS Markit by 10,250.0% in the 4th quarter. Avestar Capital LLC now owns 1,035 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,025 shares during the last quarter. YorkBridge Wealth Partners LLC acquired a new position in IHS Markit in the 4th quarter valued at $37,000. Finally, CWM LLC raised its stake in IHS Markit by 48.3% in the 1st quarter. CWM LLC now owns 688 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 224 shares during the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

NASDAQ INFO traded up $0.98 during trading hours on Monday, reaching $57.60. The stock had a trading volume of 10,302 shares, compared to its average volume of 1,791,816. The firm has a market cap of $21.84 billion, a P/E ratio of 29.03, a P/E/G ratio of 2.41 and a beta of 0.83. IHS Markit has a 52-week low of $44.52 and a 52-week high of $57.69. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.61.

IHS Markit (NASDAQ:INFO) last issued its earnings results on Tuesday, March 26th. The business services provider reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.15. IHS Markit had a return on equity of 9.80% and a net margin of 9.96%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. IHS Markit’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, research analysts expect that IHS Markit will post 2.12 earnings per share for the current year.

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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Analyst Recommendations for IHS Markit (NASDAQ:INFO)

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