IHS Markit Ltd. (NASDAQ:INFO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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. “

Other equities analysts have also recently issued research reports about the company. UBS AG restated a “neutral” rating and issued a $47.00 price target (up previously from $43.00) on shares of IHS Markit in a report on Friday, June 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $50.00 price target (up previously from $48.00) on shares of IHS Markit in a report on Wednesday, June 28th. BMO Capital Markets upped their price target on IHS Markit from $49.00 to $52.00 and gave the stock an “outperform” rating in a report on Friday, June 30th. Deutsche Bank AG restated a “buy” rating and issued a $52.00 price target (up previously from $50.00) on shares of IHS Markit in a report on Friday, June 16th. Finally, Morgan Stanley restated an “underweight” rating and issued a $41.00 price target (up previously from $40.00) on shares of IHS Markit in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $45.55.

Shares of IHS Markit (INFO) opened at 46.40 on Tuesday. The company’s 50-day moving average is $45.74 and its 200-day moving average is $43.73. The company has a market cap of $18.55 billion, a price-to-earnings ratio of 85.77 and a beta of 0.88. IHS Markit has a one year low of $34.13 and a one year high of $47.92.

IHS Markit (NASDAQ:INFO) last released its quarterly earnings results on Tuesday, June 27th. The business services provider reported $0.52 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.52. The firm had revenue of $906.10 million during the quarter, compared to analysts’ expectations of $897.80 million. IHS Markit had a return on equity of 7.33% and a net margin of 6.66%. The business’s quarterly revenue was up 54.1% on a year-over-year basis. On average, equities analysts predict that IHS Markit will post $2.06 EPS for the current year.

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In related news, President Lance Darrell Gordon Uggla sold 112,162 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $47.27, for a total transaction of $5,301,897.74. Following the sale, the president now directly owns 461,344 shares of the company’s stock, valued at approximately $21,807,730.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Daniel Yergin sold 43,657 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $44.17, for a total value of $1,928,329.69. Following the sale, the insider now directly owns 364,703 shares in the company, valued at $16,108,931.51. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,031,463 shares of company stock valued at $48,308,385.

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in IHS Markit by 23.1% in the second quarter. Vanguard Group Inc. now owns 32,906,495 shares of the business services provider’s stock valued at $1,449,201,000 after buying an additional 6,171,840 shares in the last quarter. BlackRock Inc. raised its stake in IHS Markit by 104.2% in the second quarter. BlackRock Inc. now owns 20,763,308 shares of the business services provider’s stock valued at $914,415,000 after buying an additional 10,593,627 shares in the last quarter. FMR LLC raised its stake in IHS Markit by 20.6% in the second quarter. FMR LLC now owns 17,512,617 shares of the business services provider’s stock valued at $771,256,000 after buying an additional 2,991,526 shares in the last quarter. Edgewood Management LLC raised its stake in IHS Markit by 2.6% in the first quarter. Edgewood Management LLC now owns 16,283,098 shares of the business services provider’s stock valued at $683,076,000 after buying an additional 405,039 shares in the last quarter. Finally, State Street Corp raised its stake in IHS Markit by 269.2% in the second quarter. State Street Corp now owns 14,324,138 shares of the business services provider’s stock valued at $630,974,000 after buying an additional 10,443,873 shares in the last quarter.

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.

Analyst Recommendations for IHS Markit (NASDAQ:INFO)

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