Markit’s Buy Rating Reaffirmed at Deutsche Bank (MRKT)
Markit (NASDAQ:MRKT)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank in a research report issued on Thursday. They currently have a $30.00 price objective on the stock, up from their previous price objective of $29.00. Deutsche Bank’s price objective indicates a potential upside of 18.02% from the stock’s previous close.
Markit (NASDAQ:MRKT) traded up 0.59% during mid-day trading on Thursday, hitting $25.57. The stock had a trading volume of 312,635 shares. 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 $26.11 and a 200-day moving average of $26.18. The company has a market cap of $4.574 billion and a P/E ratio of 35.21.
Markit (NASDAQ:MRKT) last announced its earnings results on Wednesday, August 13th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. The company had revenue of $264.60 million for the quarter, compared to the consensus estimate of $256.30 million. On average, analysts predict that Markit will post $1.41 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on MRKT. 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. Separately, 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 assigned a buy rating to the company. Markit has an average rating of “Hold” and an average price target of $28.56.
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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