Share on StockTwits

Credit Suisse initiated coverage on shares of Markit (NASDAQ:MRKT) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.

Shares of Markit (NASDAQ:MRKT) opened at 25.43 on Tuesday. 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 $25.98 and a 200-day moving average of $26.13. The company has a market cap of $4.601 billion and a price-to-earnings ratio of 44.18.

Markit (NASDAQ:MRKT) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.37 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that Markit will post $1.45 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on MRKT. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Markit in a research note on Thursday, August 14th. They now have a $30.00 price target on the stock, up previously from $29.00. Separately, 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. Finally, 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. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price 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.

The Fly On The Wall

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 Analyst Ratings Network's FREE daily email newsletter.