IHS Markit (INFO) – Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for IHS Markit (NASDAQ: INFO):

7/2/2018 – IHS Markit was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating. 6/28/2018 – IHS Markit was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “IHS Markit Ltd. provides information, analytics and solutions to customers. It serves business, finance and government. IHS Markit Ltd., formerly known as Markit Ltd., is based in LONDON, United Kingdom. “ 6/27/2018 – IHS Markit had its price target raised by analysts at Morgan Stanley from $44.00 to $47.00. They now have an “underweight” rating on the stock. 6/27/2018 – IHS Markit had its price target raised by analysts at Robert W. Baird from $58.00 to $59.00. They now have an “outperform” rating on the stock. 6/27/2018 – IHS Markit had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $61.00 price target on the stock. 6/27/2018 – IHS Markit was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $56.00 price target on the stock. According to Zacks, “IHS Markit Ltd. provides information, analytics and solutions to customers. It serves business, finance and government. IHS Markit Ltd., formerly known as Markit Ltd., is based in LONDON, United Kingdom. “ 6/23/2018 – IHS Markit was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating. 6/12/2018 – IHS Markit was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating. 6/2/2018 – IHS Markit was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating. 6/1/2018 – IHS Markit was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating. 5/31/2018 – IHS Markit was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating. 5/22/2018 – IHS Markit was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating. They now have a $60.00 price target on the stock. 5/15/2018 – IHS Markit had its price target raised by analysts at BMO Capital Markets to $57.00.

NASDAQ:INFO traded down $0.03 on Tuesday, hitting $52.45. 2,563,272 shares of the company’s stock were exchanged, compared to its average volume of 2,120,559. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.41 and a quick ratio of 1.41. IHS Markit has a 52 week low of $42.40 and a 52 week high of $53.05. The stock has a market capitalization of $20.64 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 2.41 and a beta of 0.77.

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IHS Markit (NASDAQ:INFO) last issued its quarterly earnings results on Tuesday, June 26th. The business services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. IHS Markit had a net margin of 16.03% and a return on equity of 9.68%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $974.12 million. During the same period in the previous year, the firm posted $0.52 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. analysts anticipate that IHS Markit will post 1.85 earnings per share for the current fiscal year.

In other IHS Markit news, CEO Lance Darrell Gordon Uggla sold 80,000 shares of the business’s stock in a transaction dated Wednesday, April 11th. The shares were sold at an average price of $48.41, for a total transaction of $3,872,800.00. Following the sale, the chief executive officer now directly owns 726,023 shares of the company’s stock, valued at approximately $35,146,773.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Adam Jason Kansler sold 20,000 shares of the business’s stock in a transaction dated Tuesday, April 17th. The stock was sold at an average price of $49.04, for a total transaction of $980,800.00. Following the sale, the executive vice president now directly owns 131,052 shares in the company, valued at $6,426,790.08. The disclosure for this sale can be found here. Insiders have sold a total of 2,500,000 shares of company stock worth $128,587,250 over the last three months. Insiders own 2.68% of the company’s stock.

Large investors have recently modified their holdings of the business. Ostrum Asset Management bought a new stake in shares of IHS Markit in the 1st quarter valued at about $186,000. Korea Investment CORP raised its holdings in shares of IHS Markit by 42.0% in the 1st quarter. Korea Investment CORP now owns 4,730 shares of the business services provider’s stock valued at $228,000 after purchasing an additional 1,400 shares during the period. ETRADE Capital Management LLC bought a new stake in shares of IHS Markit in the 4th quarter valued at about $247,000. Rehmann Capital Advisory Group bought a new stake in shares of IHS Markit in the 4th quarter valued at about $261,000. Finally, D.A. Davidson & CO. bought a new stake in shares of IHS Markit in the 1st quarter valued at about $306,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

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.