Zacks Investment Research upgraded shares of IHS Markit (NASDAQ:INFO) from a hold rating to a buy rating in a research note published on Tuesday morning. The brokerage currently has $53.00 price target on the business services provider’s stock.

According to Zacks, “IHS Markit Ltd. provides information, analytics and solutions to customers. It serves business, finance and government. IHS Markit Ltd., formerly known as Markit Ltd., is based in LONDON, United Kingdom. “

INFO has been the topic of a number of other reports. Royal Bank of Canada reaffirmed a buy rating and issued a $52.00 price objective on shares of IHS Markit in a research note on Wednesday, December 20th. UBS Group cut their target price on shares of IHS Markit from $45.00 to $44.00 and set a neutral rating on the stock in a research note on Friday, November 17th. SunTrust Banks increased their target price on shares of IHS Markit to $48.00 and gave the stock a hold rating in a research note on Tuesday, November 14th. Goldman Sachs Group initiated coverage on shares of IHS Markit in a research note on Wednesday, November 8th. They set a buy rating and a $55.00 target price on the stock. Finally, Morgan Stanley cut their target price on shares of IHS Markit from $41.00 to $40.00 and set an underweight rating on the stock in a research note on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $49.29.

Shares of IHS Markit (NASDAQ:INFO) opened at $48.87 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.53. IHS Markit has a 12 month low of $37.82 and a 12 month high of $48.93. The company has a market cap of $19,007.27, a price-to-earnings ratio of 28.53, a PEG ratio of 2.22 and a beta of 0.83.

IHS Markit (NASDAQ:INFO) last posted its quarterly earnings data on Tuesday, January 16th. The business services provider reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.10. IHS Markit had a net margin of 11.58% and a return on equity of 8.98%. The company had revenue of $944.70 million for the quarter, compared to analyst estimates of $912.65 million. During the same period in the prior year, the firm posted $0.48 EPS. The company’s quarterly revenue was up 8.1% on a year-over-year basis. sell-side analysts anticipate that IHS Markit will post 1.83 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bayesian Capital Management LP raised its holdings in IHS Markit by 2.0% during the second quarter. Bayesian Capital Management LP now owns 10,100 shares of the business services provider’s stock worth $445,000 after buying an additional 200 shares during the last quarter. Stifel Financial Corp raised its holdings in IHS Markit by 0.6% during the second quarter. Stifel Financial Corp now owns 45,554 shares of the business services provider’s stock worth $2,020,000 after buying an additional 274 shares during the last quarter. Veritable L.P. raised its holdings in IHS Markit by 1.2% during the second quarter. Veritable L.P. now owns 26,580 shares of the business services provider’s stock worth $1,171,000 after buying an additional 317 shares during the last quarter. Advisor Group Inc. raised its holdings in IHS Markit by 6.7% during the second quarter. Advisor Group Inc. now owns 6,236 shares of the business services provider’s stock worth $274,000 after buying an additional 392 shares during the last quarter. Finally, Commonwealth Bank of Australia raised its holdings in IHS Markit by 7.7% during the second quarter. Commonwealth Bank of Australia now owns 5,489 shares of the business services provider’s stock worth $241,000 after buying an additional 393 shares during the last quarter. Hedge funds and other institutional investors own 98.94% of the company’s stock.

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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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