IHS Markit (NYSE:INFO) had its price target hoisted by Morgan Stanley from $58.00 to $59.00 in a research note published on Thursday, AnalystRatings.com reports. Morgan Stanley currently has an underweight rating on the business services provider’s stock.

Several other research firms also recently commented on INFO. Zacks Investment Research upgraded IHS Markit from a hold rating to a buy rating and set a $67.00 price objective for the company in a report on Monday, August 26th. BidaskClub downgraded IHS Markit from a strong-buy rating to a buy rating in a report on Thursday, September 12th. Canaccord Genuity assumed coverage on IHS Markit in a report on Thursday, September 12th. They issued a buy rating and a $78.00 price objective for the company. BMO Capital Markets lifted their price objective on IHS Markit from $63.00 to $65.00 and gave the stock an outperform rating in a report on Thursday, June 27th. Finally, ValuEngine downgraded IHS Markit from a buy rating to a hold rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. IHS Markit currently has an average rating of Buy and an average target price of $69.58.

NYSE INFO traded down $0.16 during trading hours on Thursday, hitting $68.15. The company’s stock had a trading volume of 823,290 shares, compared to its average volume of 1,854,541. IHS Markit has a 12 month low of $44.52 and a 12 month high of $68.90. The company’s 50 day simple moving average is $66.72 and its two-hundred day simple moving average is $61.67. The company has a market cap of $27.39 billion, a P/E ratio of 34.42, a price-to-earnings-growth ratio of 2.67 and a beta of 0.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.71.

IHS Markit (NYSE:INFO) last released its quarterly earnings data on Tuesday, September 24th. The business services provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.53 by $0.14. IHS Markit had a return on equity of 10.35% and a net margin of 8.74%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the company earned $0.58 EPS. IHS Markit’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, research analysts predict that IHS Markit will post 2.13 earnings per share for the current fiscal year.

In other IHS Markit news, CFO Todd S. Hyatt sold 25,483 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $63.56, for a total transaction of $1,619,699.48. Following the completion of the sale, the chief financial officer now directly owns 217,600 shares in the company, valued at approximately $13,830,656. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.11% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in INFO. Nuveen Asset Management LLC grew its stake in shares of IHS Markit by 2,581.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 4,641,197 shares of the business services provider’s stock valued at $295,737,000 after purchasing an additional 4,468,132 shares during the period. JPMorgan Chase & Co. grew its stake in shares of IHS Markit by 381.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,717,941 shares of the business services provider’s stock valued at $234,601,000 after acquiring an additional 2,945,175 shares during the period. Invesco Ltd. grew its stake in shares of IHS Markit by 42.5% during the 2nd quarter. Invesco Ltd. now owns 6,093,263 shares of the business services provider’s stock valued at $388,262,000 after acquiring an additional 1,817,444 shares during the period. Clearbridge Investments LLC grew its stake in shares of IHS Markit by 24.0% during the 1st quarter. Clearbridge Investments LLC now owns 8,222,320 shares of the business services provider’s stock valued at $447,130,000 after acquiring an additional 1,591,992 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of IHS Markit by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 39,516,189 shares of the business services provider’s stock valued at $2,517,972,000 after acquiring an additional 715,586 shares during the period. Institutional investors and hedge funds own 97.08% of the company’s stock.

About IHS Markit

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 (NYSE:INFO)

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