Markit Receives New Coverage from Analysts at Credit Suisse (MRKT)
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.
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