BidaskClub upgraded shares of IHS Markit (NASDAQ:INFO) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

Several other equities research analysts have also weighed in on the stock. Morgan Stanley set a $49.00 target price on shares of IHS Markit and gave the stock a sell rating in a report on Thursday, September 13th. BMO Capital Markets upped their price target on shares of IHS Markit from $57.00 to $60.00 and gave the stock an outperform rating in a research report on Tuesday, September 4th. Zacks Investment Research downgraded shares of IHS Markit from a buy rating to a hold rating in a research report on Friday, September 28th. SunTrust Banks upped their price target on shares of IHS Markit to $66.00 and gave the stock a buy rating in a research report on Wednesday, September 26th. They noted that the move was a valuation call. Finally, Barclays assumed coverage on shares of IHS Markit in a research report on Thursday, October 11th. They set an overweight rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. IHS Markit has a consensus rating of Buy and an average target price of $58.47.

INFO opened at $50.89 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.43 and a current ratio of 0.43. IHS Markit has a twelve month low of $43.07 and a twelve month high of $55.99. The stock has a market capitalization of $20.70 billion, a PE ratio of 30.29, a PEG ratio of 2.24 and a beta of 0.74.

IHS Markit (NASDAQ:INFO) last posted its earnings results on Tuesday, September 25th. The business services provider reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. IHS Markit had a net margin of 14.57% and a return on equity of 9.55%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $991.05 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. Analysts expect that IHS Markit will post 1.82 earnings per share for the current year.

In related news, CFO Todd S. Hyatt sold 14,517 shares of the company’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $54.01, for a total transaction of $784,063.17. Following the transaction, the chief financial officer now owns 341,598 shares in the company, valued at approximately $18,449,707.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.68% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. lifted its position in IHS Markit by 5,788.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,061 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 2,026 shares during the period. Fort L.P. acquired a new position in IHS Markit during the 2nd quarter valued at about $122,000. Tower Research Capital LLC TRC acquired a new position in IHS Markit during the 2nd quarter valued at about $124,000. Great West Life Assurance Co. Can acquired a new position in IHS Markit during the 2nd quarter valued at about $173,000. Finally, Wedbush Securities Inc. acquired a new position in IHS Markit during the 3rd quarter valued at about $203,000. Institutional investors and hedge funds own 96.22% of the company’s stock.

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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