IHS Markit Ltd. (NASDAQ:INFO) had its target price upped by equities research analysts at SunTrust Banks, Inc. to $48.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “hold” rating on the business services provider’s stock. SunTrust Banks, Inc.’s price objective would suggest a potential upside of 11.65% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Goldman Sachs Group, Inc. (The) started coverage on IHS Markit in a report on Wednesday, November 8th. They set a “buy” rating and a $55.00 price target for the company. Bank of America Corporation lowered their price target on IHS Markit from $52.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, September 27th. Cantor Fitzgerald reissued a “hold” rating and set a $45.00 price target on shares of IHS Markit in a report on Tuesday, September 26th. Zacks Investment Research raised IHS Markit from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $50.00 price target (down previously from $52.00) on shares of IHS Markit in a report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $47.69.

IHS Markit (NASDAQ INFO) opened at $42.99 on Tuesday. The firm has a market capitalization of $17,124.49, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 2.29 and a beta of 0.82. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.44. IHS Markit has a fifty-two week low of $34.13 and a fifty-two week high of $48.53.

IHS Markit (NASDAQ:INFO) last announced its quarterly earnings data on Tuesday, September 26th. The business services provider reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.04. IHS Markit had a return on equity of 8.79% and a net margin of 11.35%. The firm had revenue of $904.70 million during the quarter, compared to analysts’ expectations 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. equities research analysts anticipate that IHS Markit will post 1.56 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 company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $44.20, for a total value of $884,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of IHS Markit by 23.1% in the 2nd quarter. Vanguard Group Inc. now owns 32,906,495 shares of the business services provider’s stock valued at $1,449,201,000 after buying an additional 6,171,840 shares during the last quarter. BlackRock Inc. grew its position in shares of IHS Markit by 104.2% in the 2nd quarter. BlackRock Inc. now owns 20,763,308 shares of the business services provider’s stock valued at $914,415,000 after buying an additional 10,593,627 shares during the last quarter. FMR LLC grew its position in shares of IHS Markit by 20.6% in the 2nd quarter. FMR LLC now owns 17,512,617 shares of the business services provider’s stock valued at $771,256,000 after buying an additional 2,991,526 shares during the last quarter. Edgewood Management LLC grew its position in shares of IHS Markit by 0.9% in the 3rd quarter. Edgewood Management LLC now owns 17,088,421 shares of the business services provider’s stock valued at $753,258,000 after buying an additional 158,338 shares during the last quarter. Finally, State Street Corp grew its position in shares of IHS Markit by 269.2% in the 2nd quarter. State Street Corp now owns 14,324,138 shares of the business services provider’s stock valued at $630,974,000 after buying an additional 10,443,873 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

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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