Morgan Stanley set a $45.00 target price on IHS Markit (NASDAQ:INFO) in a research report report published on Tuesday morning. The firm currently has a sell rating on the business services provider’s stock.

Other equities research analysts have also issued reports about the company. BidaskClub upgraded IHS Markit from a hold rating to a buy rating in a research note on Tuesday, December 4th. Bank of America initiated coverage on IHS Markit in a research note on Tuesday, October 23rd. They set a buy rating and a $63.00 price target for the company. SunTrust Banks upped their price target on IHS Markit to $66.00 and gave the stock a buy rating in a research note on Wednesday, September 26th. They noted that the move was a valuation call. Zacks Investment Research upgraded IHS Markit from a hold rating to a buy rating and set a $61.00 price target for the company in a research note on Tuesday, September 25th. Finally, Stifel Nicolaus upped their target price on IHS Markit from $54.00 to $57.00 and gave the stock a hold rating in a research report on Wednesday, September 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. IHS Markit currently has a consensus rating of Buy and an average target price of $58.33.

IHS Markit stock traded down $0.20 during trading on Tuesday, hitting $49.69. The company’s stock had a trading volume of 68,601 shares, compared to its average volume of 2,518,617. The firm has a market capitalization of $19.55 billion, a P/E ratio of 29.58, a PEG ratio of 2.12 and a beta of 0.81. IHS Markit has a 1-year low of $43.07 and a 1-year high of $55.99. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.62.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in IHS Markit by 57.2% in the second quarter. Bank of America Corp DE now owns 2,788,798 shares of the business services provider’s stock valued at $143,874,000 after purchasing an additional 1,015,032 shares during the last quarter. Korea Investment CORP boosted its stake in shares of IHS Markit by 966.2% during the 2nd quarter. Korea Investment CORP now owns 50,430 shares of the business services provider’s stock worth $2,602,000 after acquiring an additional 45,700 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of IHS Markit during the 3rd quarter worth $588,000. Middleton & Co Inc MA boosted its stake in shares of IHS Markit by 4.1% during the 3rd quarter. Middleton & Co Inc MA now owns 144,063 shares of the business services provider’s stock worth $7,774,000 after acquiring an additional 5,728 shares in the last quarter. Finally, Parkwood LLC boosted its stake in shares of IHS Markit by 21.0% during the 3rd quarter. Parkwood LLC now owns 237,251 shares of the business services provider’s stock worth $12,802,000 after acquiring an additional 41,101 shares in the last quarter. 96.20% of the stock is owned by 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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