IHS Markit (NASDAQ: INFO) has recently received a number of price target changes and ratings updates:

  • 9/29/2017 – IHS Markit was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “IHS Markit Ltd. provides information, analytics and solutions to customers. It serves business, finance and government. IHS Markit Ltd., formerly known as Markit Ltd., is based in LONDON, United Kingdom. “
  • 9/27/2017 – IHS Markit had its price target lowered by analysts at Royal Bank Of Canada from $50.00 to $49.00. They now have an “outperform” rating on the stock.
  • 9/27/2017 – IHS Markit had its price target lowered by analysts at Morgan Stanley from $41.00 to $40.00. They now have an “underweight” rating on the stock.
  • 9/27/2017 – IHS Markit had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $50.00 price target on the stock, down previously from $52.00.
  • 9/27/2017 – IHS Markit had its price target lowered by analysts at Bank of America Corporation from $52.00 to $50.00. They now have a “buy” rating on the stock.
  • 9/27/2017 – IHS Markit had its price target lowered by analysts at Wells Fargo & Company from $52.00 to $50.00. They now have an “outperform” rating on the stock.
  • 9/26/2017 – IHS Markit had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $45.00 price target on the stock.
  • 8/29/2017 – IHS Markit was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “IHS Markit Ltd. provides information, analytics and solutions to customers. It serves business, finance and government. IHS Markit Ltd., formerly known as Markit Ltd., is based in LONDON, United Kingdom. “

IHS Markit Ltd. (INFO) traded up 0.89% on Wednesday, reaching $44.40. The company had a trading volume of 1,661,130 shares. The firm has a market capitalization of $17.65 billion, a price-to-earnings ratio of 46.64 and a beta of 0.84. The company’s 50 day moving average is $46.57 and its 200-day moving average is $44.99. IHS Markit Ltd. has a one year low of $34.13 and a one year high of $48.53.

IHS Markit (NASDAQ:INFO) last issued its quarterly earnings data on Tuesday, September 26th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.04. IHS Markit had a net margin of 11.35% and a return on equity of 8.79%. The business had revenue of $904.70 million for the quarter, compared to the consensus estimate of $890.99 million. During the same period in the previous year, the firm earned $0.45 EPS. The company’s quarterly revenue was up 24.9% compared to the same quarter last year. On average, equities research analysts expect that IHS Markit Ltd. will post $2.05 earnings per share for the current fiscal year.

In other news, EVP Jonathan Gear sold 30,004 shares of the stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $44.43, for a total value of $1,333,077.72. Following the completion of the transaction, the executive vice president now owns 328,874 shares of the company’s stock, valued at approximately $14,611,871.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Lance Darrell Gordon Uggla sold 845,640 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $47.00, for a total value of $39,745,080.00. Following the completion of the transaction, the president now directly owns 1,177,904 shares of the company’s stock, valued at approximately $55,361,488. The disclosure for this sale can be found here.

IHS Markit Ltd., formerly Markit Ltd., is a provider of critical information and analytics for the major industries, financial markets and governments. The Company operates through four segments: Resources, Transportation, Consolidated Markets & Solutions (CMS) and Financial Services. The Resources segment includes its energy and chemicals product offerings.

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