Markit (MRKT) Posts Quarterly Results
Markit (NASDAQ:MRKT) posted its quarterly earnings results on Wednesday. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04, Analyst Ratings.Net reports. The company had revenue of $264.60 million for the quarter, compared to the consensus estimate of $256.30 million.
Markit (NASDAQ:MRKT) opened at 26.17 on Wednesday. Markit has a 52 week low of $24.06 and a 52 week high of $27.45. The stock has a 50-day moving average of $26.15 and a 200-day moving average of $26.20. The company has a market cap of $4.681 billion and a P/E ratio of 35.78.
A number of analysts have recently weighed in on MRKT shares. Analysts at Jefferies Group initiated coverage on shares of Markit in a research note on Thursday, July 24th. They set a “hold” rating and a $28.90 price target on the stock. On the ratings front, analysts at Barclays initiated coverage on shares of Markit in a research note on Monday, July 14th. They set an “equal weight” rating and a $30.00 price target on the stock. Finally, analysts at Bank of America initiated coverage on shares of Markit in a research note on Monday, July 14th. They set a “buy” rating on the stock. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Markit presently has an average rating of “Hold” and a consensus target price of $28.41.
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.
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