IHS Markit Ltd. (NASDAQ:INFO) was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating in a research note issued on Wednesday, MarketBeat reports.

Other research analysts have also recently issued research reports about the company. Cantor Fitzgerald reissued a “hold” rating and issued a $45.00 price objective on shares of IHS Markit in a research report on Tuesday, September 26th. BMO Capital Markets reaffirmed an “outperform” rating and set a $50.00 price target (down previously from $52.00) on shares of IHS Markit in a research report on Wednesday, September 27th. SunTrust Banks, Inc. upped their price target on IHS Markit to $48.00 and gave the company a “hold” rating in a research report on Tuesday, November 14th. Wells Fargo & Company dropped their price target on IHS Markit from $52.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 27th. Finally, Morgan Stanley dropped their price target on IHS Markit from $41.00 to $40.00 and set an “underweight” rating on the stock in a research report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $47.46.

IHS Markit (NASDAQ INFO) traded up $0.16 during mid-day trading on Wednesday, reaching $43.62. The company’s stock had a trading volume of 3,879,743 shares, compared to its average volume of 2,271,814. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.53. IHS Markit has a twelve month low of $34.20 and a twelve month high of $48.53. The stock has a market capitalization of $17,399.73, a PE ratio of 26.93, a P/E/G ratio of 2.38 and a beta of 0.82.

IHS Markit (NASDAQ:INFO) last posted its quarterly earnings data on Tuesday, September 26th. The business services provider reported $0.57 earnings per share for the quarter, topping 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 business had revenue of $904.70 million for the quarter, compared to analysts’ expectations of $890.99 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The business’s revenue was up 24.9% on a year-over-year basis. equities research analysts forecast that IHS Markit will post 1.57 earnings per share for the current year.

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In related news, CFO Todd S. Hyatt sold 20,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $44.20, for a total transaction of $884,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Large investors have recently added to or reduced their stakes in the stock. Dupont Capital Management Corp bought a new stake in shares of IHS Markit during the 2nd quarter valued at $120,000. Zions Bancorporation bought a new stake in shares of IHS Markit during the 3rd quarter valued at $126,000. ETF Managers Group LLC bought a new stake in shares of IHS Markit during the 2nd quarter valued at $135,000. Huntington National Bank bought a new stake in shares of IHS Markit during the 3rd quarter valued at $173,000. Finally, Flinton Capital Management LLC bought a new stake in shares of IHS Markit during the 2nd quarter valued at $180,000. Institutional investors own 98.72% of the company’s stock.

About IHS Markit

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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