IHS Markit (NASDAQ:INFO) Earning Somewhat Favorable Media Coverage, Study Shows
Media headlines about IHS Markit (NASDAQ:INFO) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. IHS Markit earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 46.1696449606574 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
INFO has been the subject of a number of analyst reports. BMO Capital Markets reissued a “buy” rating on shares of IHS Markit in a research note on Thursday, April 27th. Deutsche Bank AG reissued a “buy” rating and set a $52.00 price objective (up previously from $50.00) on shares of IHS Markit in a research note on Friday, June 16th. Stifel Nicolaus raised their price target on IHS Markit from $38.00 to $43.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $41.00 price target on shares of IHS Markit in a research note on Wednesday, April 26th. Finally, UBS AG reaffirmed a “neutral” rating and issued a $47.00 price target (up previously from $43.00) on shares of IHS Markit in a research note on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $45.00.
Shares of IHS Markit (INFO) traded down 0.44% during trading on Thursday, hitting $45.16. The stock had a trading volume of 1,259,284 shares. IHS Markit has a 12 month low of $34.12 and a 12 month high of $47.92. The company has a market cap of $18.05 billion, a P/E ratio of 83.48 and a beta of 0.88. The stock has a 50-day moving average price of $45.44 and a 200 day moving average price of $43.18.
IHS Markit (NASDAQ:INFO) last released its quarterly earnings results on Tuesday, June 27th. The business services provider reported $0.52 EPS for the quarter, meeting analysts’ consensus estimates of $0.52. The company 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 firm’s revenue for the quarter was up 54.1% on a year-over-year basis. Equities analysts expect that IHS Markit will post $2.06 EPS for the current fiscal year.
In other news, President Lance Darrell Gordon Uggla sold 845,640 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $47.00, for a total value of $39,745,080.00. Following the transaction, the president now owns 1,177,904 shares in the company, valued at $55,361,488. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William E. Ford sold 1,300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $43.50, for a total value of $56,550,000.00. Following the completion of the transaction, the director now owns 9,639 shares in the company, valued at approximately $419,296.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,331,463 shares of company stock worth $104,858,385.
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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