Several other research firms also recently commented on INFO. Deutsche Bank AG raised shares of Markit from a hold rating to a buy rating and increased their price objective for the company from $37.00 to $42.00 in a report on Friday, July 15th. Zacks Investment Research raised shares of Markit from a strong sell rating to a hold rating in a report on Wednesday, July 13th. BMO Capital Markets reaffirmed a buy rating and issued a $41.00 price target on shares of Markit in a report on Wednesday, September 28th. TheStreet downgraded shares of Markit from a buy rating to a hold rating in a report on Wednesday, July 13th. Finally, Cantor Fitzgerald reaffirmed a hold rating on shares of Markit in a report on Friday, August 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $39.08.
Markit (NASDAQ:INFO) opened at 37.52 on Wednesday. Markit has a one year low of $26.01 and a one year high of $37.83. The company’s 50-day moving average price is $36.77 and its 200-day moving average price is $34.81. The stock has a market cap of $6.59 billion, a P/E ratio of 58.72 and a beta of 0.94.
Markit (NASDAQ:INFO) last released its quarterly earnings data on Tuesday, September 27th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. Markit had a net margin of 4.06% and a return on equity of 10.66%. The business earned $724.60 million during the quarter, compared to the consensus estimate of $557.90 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The business’s revenue was up 29.9% on a year-over-year basis. Analysts forecast that Markit will post $1.75 EPS for the current fiscal year.
In other news, CEO Jerre L. Stead sold 145,753 shares of the firm’s stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $36.96, for a total transaction of $5,387,030.88. Following the transaction, the chief executive officer now directly owns 587,627 shares of the company’s stock, valued at $21,718,693.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Shane Akeroyd sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $35.04, for a total transaction of $525,600.00. Following the transaction, the executive vice president now directly owns 80,706 shares in the company, valued at $2,827,938.24. 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.