BidaskClub downgraded shares of IHS Markit (NASDAQ:INFO) from a strong-buy rating to a buy rating in a research note released on Thursday morning, BidAskClub reports.

A number of other brokerages also recently weighed in on INFO. Cantor Fitzgerald raised their price objective on IHS Markit from $51.00 to $59.00 and gave the company a neutral rating in a research report on Thursday, June 27th. Deutsche Bank raised their price objective on IHS Markit from $63.00 to $70.00 and gave the company a buy rating in a research report on Friday, June 28th. Zacks Investment Research raised IHS Markit from a hold rating to a buy rating and set a $67.00 price objective on the stock in a research report on Monday, August 26th. Piper Jaffray Companies raised their price objective on IHS Markit from $64.00 to $70.00 and gave the company an overweight rating in a research report on Thursday, June 27th. Finally, SunTrust Banks raised their price objective on IHS Markit from $62.00 to $70.00 and gave the company a buy rating in a research report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. IHS Markit presently has a consensus rating of Buy and a consensus price target of $63.36.

Shares of INFO traded up $0.29 during midday trading on Thursday, reaching $67.86. 1,901,336 shares of the stock were exchanged, compared to its average volume of 1,791,731. IHS Markit has a 52 week low of $44.52 and a 52 week high of $68.88. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $64.90 and its two-hundred day moving average is $59.53. The company has a market capitalization of $26.99 billion, a P/E ratio of 34.27, a PEG ratio of 2.83 and a beta of 0.82.

IHS Markit (NASDAQ:INFO) last posted its quarterly earnings results on Wednesday, June 26th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. IHS Markit had a return on equity of 10.13% and a net margin of 10.49%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company earned $0.61 EPS. The business’s revenue was up 12.6% compared to the same quarter last year. On average, sell-side analysts expect that IHS Markit will post 2.13 EPS for the current year.

In other news, EVP Sari Beth Granat sold 25,000 shares of IHS Markit stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $65.00, for a total value of $1,625,000.00. Following the sale, the executive vice president now directly owns 61,141 shares of the company’s stock, valued at $3,974,165. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Todd S. Hyatt sold 25,483 shares of IHS Markit stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $63.56, for a total value of $1,619,699.48. Following the completion of the sale, the chief financial officer now directly owns 217,600 shares in the company, valued at $13,830,656. The disclosure for this sale can be found here. Over the last three months, insiders sold 300,483 shares of company stock worth $19,436,699. 1.11% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Rehmann Capital Advisory Group boosted its stake in IHS Markit by 21.5% during the first quarter. Rehmann Capital Advisory Group now owns 972 shares of the business services provider’s stock worth $53,000 after buying an additional 172 shares during the last quarter. Parallel Advisors LLC boosted its stake in IHS Markit by 11.1% during the second quarter. Parallel Advisors LLC now owns 2,068 shares of the business services provider’s stock worth $132,000 after buying an additional 207 shares during the last quarter. Tealwood Asset Management Inc. boosted its stake in IHS Markit by 0.7% during the second quarter. Tealwood Asset Management Inc. now owns 32,023 shares of the business services provider’s stock worth $2,041,000 after buying an additional 207 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in IHS Markit by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 37,238 shares of the business services provider’s stock worth $2,373,000 after buying an additional 226 shares during the last quarter. Finally, Keybank National Association OH boosted its stake in IHS Markit by 2.4% during the first quarter. Keybank National Association OH now owns 10,818 shares of the business services provider’s stock worth $588,000 after buying an additional 256 shares during the last quarter. 96.18% of the stock is currently owned by hedge funds and other institutional investors.

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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