Markit Receives Consensus Recommendation of “Hold” from Analysts (NASDAQ:MRKT)
Shares of Markit (NASDAQ:MRKT) have received an average recommendation of “Hold” from the nine analysts that are covering the company, American Banking & Market News reports. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $28.74.
MRKT has been the subject of a number of recent research reports. Analysts at Credit Suisse initiated coverage on shares of Markit in a research note on Tuesday, August 19th. They set an “outperform” rating and a $30.00 price target on the stock. Separately, 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. Finally, 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.
Shares of Markit (NASDAQ:MRKT) traded down 0.35% during mid-day trading on Monday, hitting $25.30. 90,128 shares of the company’s stock traded hands. 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 $25.84 and a 200-day moving average of $26.09. The company has a market cap of $4.577 billion and a price-to-earnings ratio of 44.08.
Markit (NASDAQ:MRKT) last released its earnings data 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. On average, analysts predict that Markit will post $1.48 earnings per share for the current fiscal year.
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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