IHS Markit Ltd. (INFO) Price Target Lowered to $50.00 at BMO Capital Markets

IHS Markit Ltd. (NASDAQ:INFO) had its price target lowered by equities research analysts at BMO Capital Markets from $52.00 to $50.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ target price indicates a potential upside of 3.48% from the company’s current price.

INFO has been the subject of several other research reports. Deutsche Bank AG reiterated a “buy” rating and issued a $52.00 price objective (up previously from $50.00) on shares of IHS Markit in a research report on Friday, June 16th. Morgan Stanley reiterated an “underweight” rating and issued a $41.00 price objective (up previously from $40.00) on shares of IHS Markit in a research report on Tuesday, July 18th. Zacks Investment Research cut IHS Markit from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $50.00 price objective (up previously from $48.00) on shares of IHS Markit in a research report on Wednesday, June 28th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $45.00 price objective on shares of IHS Markit in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $46.00.

IHS Markit (NASDAQ:INFO) traded up 0.07% during trading on Wednesday, hitting $44.15. 908,533 shares of the stock traded hands. IHS Markit has a 12 month low of $34.13 and a 12 month high of $48.53. The firm’s 50-day moving average is $46.67 and its 200-day moving average is $44.61. The stock has a market cap of $17.65 billion, a P/E ratio of 81.61 and a beta of 0.88.

IHS Markit (NASDAQ:INFO) last issued its quarterly earnings results on Tuesday, September 26th. The business services provider reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.04. IHS Markit had a return on equity of 7.33% and a net margin of 6.66%. The firm had revenue of $904.70 million during the quarter, compared to the consensus estimate of $890.99 million. During the same period last year, the company earned $0.45 earnings per share. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. On average, analysts forecast that IHS Markit will post $2.06 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This news story was first published by Week Herald and is the property of of Week Herald. If you are viewing this news story on another website, it was stolen and reposted in violation of United States & international trademark & copyright law. The original version of this news story can be accessed at https://weekherald.com/2017/09/27/ihs-markit-ltd-info-price-target-lowered-to-50-00-at-bmo-capital-markets.html.

In other news, President Lance Darrell Gordon Uggla sold 112,162 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $47.27, for a total value of $5,301,897.74. Following the completion of the transaction, the president now owns 461,344 shares in the company, valued at $21,807,730.88. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman Daniel Yergin sold 43,657 shares of the firm’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $44.17, for a total value of $1,928,329.69. Following the completion of the transaction, the insider now owns 364,703 shares of the company’s stock, valued at approximately $16,108,931.51. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,031,463 shares of company stock valued at $48,308,385.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in IHS Markit by 104.2% during the 2nd quarter. BlackRock Inc. now owns 20,763,308 shares of the business services provider’s stock worth $914,415,000 after purchasing an additional 10,593,627 shares in the last quarter. State Street Corp increased its position in IHS Markit by 269.2% during the 2nd quarter. State Street Corp now owns 14,324,138 shares of the business services provider’s stock worth $630,974,000 after purchasing an additional 10,443,873 shares in the last quarter. Vanguard Group Inc. increased its position in IHS Markit by 23.1% during the 2nd quarter. Vanguard Group Inc. now owns 32,906,495 shares of the business services provider’s stock worth $1,449,201,000 after purchasing an additional 6,171,840 shares in the last quarter. FMR LLC increased its position in IHS Markit by 58.4% during the 1st quarter. FMR LLC now owns 14,521,091 shares of the business services provider’s stock worth $609,160,000 after purchasing an additional 5,352,565 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in IHS Markit by 8,621.2% during the 2nd quarter. Janus Henderson Group PLC now owns 4,084,667 shares of the business services provider’s stock worth $179,889,000 after purchasing an additional 4,037,831 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

About IHS Markit

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)




Receive News & Ratings for IHS Markit Ltd. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for IHS Markit Ltd. and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

one × four =