Shares of IHS Markit Ltd. (NASDAQ:INFO) have earned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $47.00.

INFO has been the topic of several recent analyst reports. Morgan Stanley reissued an “underweight” rating and set a $41.00 price objective (up previously from $40.00) on shares of IHS Markit in a research note on Tuesday, July 18th. BMO Capital Markets upped their price objective on shares of IHS Markit from $49.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, June 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $50.00 price objective (up previously from $48.00) on shares of IHS Markit in a research note on Wednesday, June 28th. Zacks Investment Research raised shares of IHS Markit from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $45.00 price objective on shares of IHS Markit in a research note on Tuesday, September 26th.

Shares of IHS Markit (NASDAQ INFO) opened at 43.90 on Friday. The stock has a market cap of $17.45 billion, a price-to-earnings ratio of 46.11 and a beta of 0.84. IHS Markit has a 52-week low of $34.13 and a 52-week high of $48.53. The stock’s 50 day moving average is $46.05 and its 200 day moving average is $45.16.

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

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In other IHS Markit news, CFO Todd S. Hyatt sold 20,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $44.20, for a total transaction of $884,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 transaction of $39,745,080.00. Following the transaction, the president now directly owns 1,177,904 shares in the company, valued at approximately $55,361,488. The disclosure for this sale can be found here.

A number of large investors have recently bought and sold shares of the business. Financial Counselors Inc. raised its stake in IHS Markit by 2.8% during the second quarter. Financial Counselors Inc. now owns 7,103 shares of the business services provider’s stock worth $313,000 after purchasing an additional 191 shares during the period. Bayesian Capital Management LP increased its position in shares of IHS Markit by 2.0% in the second quarter. Bayesian Capital Management LP now owns 10,100 shares of the business services provider’s stock worth $445,000 after acquiring an additional 200 shares in the last quarter. First Personal Financial Services increased its position in shares of IHS Markit by 0.4% in the second quarter. First Personal Financial Services now owns 64,127 shares of the business services provider’s stock worth $2,824,000 after acquiring an additional 239 shares in the last quarter. Stifel Financial Corp increased its position in shares of IHS Markit by 0.6% in the second quarter. Stifel Financial Corp now owns 45,554 shares of the business services provider’s stock worth $2,020,000 after acquiring an additional 274 shares in the last quarter. Finally, Veritable L.P. increased its position in shares of IHS Markit by 1.2% in the second quarter. Veritable L.P. now owns 26,580 shares of the business services provider’s stock worth $1,171,000 after acquiring an additional 317 shares in the last quarter. 96.06% of the stock is currently owned by institutional investors.

IHS Markit Company Profile

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.

Analyst Recommendations for IHS Markit (NASDAQ:INFO)

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