IHS Markit (NASDAQ:INFO)‘s stock had its “buy” rating reissued by research analysts at SunTrust Banks in a report released on Wednesday. They currently have a $54.00 price objective on the business services provider’s stock. SunTrust Banks’ price target would indicate a potential upside of 12.52% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of IHS Markit from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. BidaskClub raised shares of IHS Markit from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 11th. Stifel Nicolaus reissued a “hold” rating on shares of IHS Markit in a research report on Tuesday. Cantor Fitzgerald reissued a “hold” rating and issued a $45.00 price objective on shares of IHS Markit in a research report on Tuesday, September 26th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $50.00 price objective (down previously from $52.00) on shares of IHS Markit in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $48.50.

Shares of IHS Markit (NASDAQ INFO) opened at $47.99 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.44. The company has a market cap of $19,140.00, a price-to-earnings ratio of 50.52, a PEG ratio of 2.28 and a beta of 0.83. IHS Markit has a 1 year low of $37.03 and a 1 year high of $48.53.

IHS Markit (NASDAQ:INFO) last announced its quarterly earnings data on Tuesday, January 16th. The business services provider reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.01. The business had revenue of $944.70 million for the quarter, compared to analyst estimates of $912.65 million. IHS Markit had a net margin of 16.38% and a return on equity of 7.64%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 earnings per share. research analysts forecast that IHS Markit will post 1.57 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. State Treasurer State of Michigan increased its holdings in IHS Markit by 5.7% during the third quarter. State Treasurer State of Michigan now owns 110,200 shares of the business services provider’s stock worth $4,858,000 after buying an additional 5,900 shares during the last quarter. Swiss National Bank increased its holdings in IHS Markit by 11.0% during the third quarter. Swiss National Bank now owns 1,499,957 shares of the business services provider’s stock worth $66,118,000 after buying an additional 149,200 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in IHS Markit by 8.3% during the third quarter. Bank of New York Mellon Corp now owns 2,442,648 shares of the business services provider’s stock worth $107,672,000 after buying an additional 188,205 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its holdings in IHS Markit by 2.7% during the third quarter. Kornitzer Capital Management Inc. KS now owns 486,113 shares of the business services provider’s stock worth $21,428,000 after buying an additional 12,625 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in IHS Markit by 23.1% during the second quarter. Vanguard Group Inc. now owns 32,906,495 shares of the business services provider’s stock worth $1,449,201,000 after buying an additional 6,171,840 shares during the last quarter. Institutional investors and hedge funds own 98.94% of the company’s stock.

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IHS Markit Company Profile

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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