Other analysts have also recently issued research reports about the company. William Blair restated an outperform rating on shares of Markit in a report on Sunday, July 17th. Deutsche Bank AG upgraded Markit to a buy rating in a report on Sunday, July 17th. Barclays PLC increased their target price on Markit from $35.00 to $38.00 and gave the stock an equal weight rating in a report on Monday, July 25th. Zacks Investment Research upgraded Markit from a strong sell rating to a hold rating in a report on Wednesday, July 13th. Finally, Credit Suisse Group AG restated a neutral rating and set a $37.00 target price on shares of Markit in a report on Friday, July 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $39.08.
Shares of Markit (NASDAQ:INFO) opened at 37.55 on Tuesday. The firm has a 50-day moving average of $36.70 and a 200 day moving average of $34.67. Markit has a 12 month low of $26.01 and a 12 month high of $37.83. The company has a market capitalization of $6.60 billion, a PE ratio of 58.76 and a beta of 0.94.
Markit (NASDAQ:INFO) last announced its earnings results on Tuesday, September 27th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The company had revenue of $724.60 million for the quarter, compared to analysts’ expectations of $557.90 million. Markit had a return on equity of 10.66% and a net margin of 4.06%. The business’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 earnings per share. On average, equities research analysts expect that Markit will post $1.75 earnings per share for the current fiscal year.
In other news, EVP Shane Akeroyd sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $35.28, for a total transaction of $1,764,000.00. Following the sale, the executive vice president now owns 90,706 shares of the company’s stock, valued at $3,200,107.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William E. Ford sold 7,001,911 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $35.69, for a total value of $249,898,203.59. The disclosure for this sale can be found here.
Markit Company Profile
Markit Ltd. is a global diversified provider of financial information services. The Company provides pricing and reference data, indices, valuation and trading services, trade processing, enterprise software and managed services. The Company’s business is organized in three segments: Information, Processing and Solutions.
Receive News & Ratings for Markit Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markit Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.