IHS Markit (NASDAQ:INFO) had its target price upped by analysts at Stifel Nicolaus from $54.00 to $57.00 in a research note issued on Wednesday. The brokerage currently has a “hold” rating on the business services provider’s stock. Stifel Nicolaus’ price target indicates a potential upside of 5.75% from the company’s previous close.

Other analysts have also issued reports about the company. Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Tuesday. BidaskClub downgraded IHS Markit from a “buy” rating to a “hold” rating in a research report on Tuesday, June 12th. ValuEngine downgraded IHS Markit from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Morgan Stanley increased their price target on IHS Markit from $44.00 to $47.00 and gave the stock an “underweight” rating in a research report on Wednesday, June 27th. Finally, Robert W. Baird increased their price target on IHS Markit from $58.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $56.79.

IHS Markit stock opened at $53.90 on Wednesday. The stock has a market cap of $21.28 billion, a P/E ratio of 32.08, a P/E/G ratio of 2.56 and a beta of 0.77. IHS Markit has a 52 week low of $42.40 and a 52 week high of $55.99. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.56.

IHS Markit (NASDAQ:INFO) last posted its earnings results on Tuesday, September 25th. The business services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.55 by $0.03. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $991.05 million. IHS Markit had a return on equity of 9.68% and a net margin of 16.03%. IHS Markit’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share. research analysts anticipate that IHS Markit will post 1.85 earnings per share for the current fiscal year.

In other news, EVP Sari Beth Granat sold 24,900 shares of the firm’s stock in a transaction that occurred on Thursday, July 12th. The stock was sold at an average price of $53.00, for a total value of $1,319,700.00. Following the transaction, the executive vice president now owns 50,480 shares in the company, valued at $2,675,440. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William E. Ford sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 5th. The shares were sold at an average price of $52.05, for a total value of $104,100,000.00. Following the completion of the transaction, the director now owns 15,907 shares in the company, valued at approximately $827,959.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,050,000 shares of company stock worth $106,724,750. Company insiders own 2.68% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INFO. Northern Trust Corp increased its holdings in shares of IHS Markit by 2.9% in the second quarter. Northern Trust Corp now owns 4,094,784 shares of the business services provider’s stock valued at $211,250,000 after purchasing an additional 115,235 shares during the last quarter. HRT Financial LLC acquired a new stake in shares of IHS Markit in the second quarter valued at approximately $208,000. TPG Group Holdings SBS Advisors Inc. increased its holdings in shares of IHS Markit by 4.4% in the second quarter. TPG Group Holdings SBS Advisors Inc. now owns 1,544,157 shares of the business services provider’s stock valued at $79,663,000 after purchasing an additional 64,514 shares during the last quarter. Andra AP fonden increased its holdings in shares of IHS Markit by 20.3% in the second quarter. Andra AP fonden now owns 50,900 shares of the business services provider’s stock valued at $2,626,000 after purchasing an additional 8,600 shares during the last quarter. Finally, HPM Partners LLC increased its holdings in shares of IHS Markit by 4.8% in the second quarter. HPM Partners LLC now owns 31,108 shares of the business services provider’s stock valued at $1,605,000 after purchasing an additional 1,425 shares during the last quarter. Institutional investors and hedge funds own 97.03% 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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