IHS Markit (INFO) Rating Reiterated by SunTrust Banks

SunTrust Banks restated their buy rating on shares of IHS Markit (NASDAQ:INFO) in a report published on Wednesday morning. SunTrust Banks currently has a $54.00 price objective on the business services provider’s stock.

A number of other brokerages also recently issued reports on INFO. Wells Fargo & Co cut their price target on shares of IHS Markit from $52.00 to $50.00 and set an outperform rating for the company in a report on Wednesday, September 27th. Bank of America dropped their target price on shares of IHS Markit from $52.00 to $50.00 and set a buy rating for the company in a report on Wednesday, September 27th. BMO Capital Markets reiterated an outperform rating and issued a $50.00 target price (down previously from $52.00) on shares of IHS Markit in a report on Wednesday, September 27th. Morgan Stanley dropped their target price on shares of IHS Markit from $41.00 to $40.00 and set an underweight rating for the company in a report on Wednesday, September 27th. Finally, Royal Bank of Canada dropped their target price on shares of IHS Markit from $50.00 to $49.00 and set an outperform rating for the company in a report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. IHS Markit presently has an average rating of Buy and an average target price of $49.29.

Shares of IHS Markit (INFO) traded up $1.22 during midday trading on Wednesday, hitting $48.87. 3,099,394 shares of the stock were exchanged, compared to its average volume of 1,855,601. The firm has a market cap of $19,007.27, a P/E ratio of 48.39, a P/E/G ratio of 2.22 and a beta of 0.83. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.53. IHS Markit has a fifty-two week low of $37.82 and a fifty-two week high of $48.93.

IHS Markit (NASDAQ:INFO) last announced its quarterly earnings results on Tuesday, January 16th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.10. The business had revenue of $944.70 million during the quarter, compared to the consensus estimate of $912.65 million. IHS Markit had a net margin of 11.58% and a return on equity of 8.98%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 EPS. equities research analysts forecast that IHS Markit will post 1.83 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of INFO. State Street Corp grew its stake in shares of IHS Markit by 269.2% in the second quarter. State Street Corp now owns 14,324,138 shares of the business services provider’s stock worth $630,974,000 after acquiring an additional 10,443,873 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of IHS Markit by 23.1% in 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 acquiring an additional 6,171,840 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of IHS Markit by 8,621.2% in the second quarter. Janus Henderson Group PLC now owns 4,084,667 shares of the business services provider’s stock worth $179,889,000 after acquiring an additional 4,037,831 shares in the last quarter. BT Investment Management Ltd grew its stake in shares of IHS Markit by 156.3% in the third quarter. BT Investment Management Ltd now owns 5,887,279 shares of the business services provider’s stock worth $259,511,000 after acquiring an additional 3,590,548 shares in the last quarter. Finally, FMR LLC grew its stake in shares of IHS Markit by 20.6% in the second quarter. FMR LLC now owns 17,512,617 shares of the business services provider’s stock worth $771,256,000 after acquiring an additional 2,991,526 shares in the last quarter. Institutional investors and hedge funds own 98.94% of the company’s stock.

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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)

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