IHS Markit Ltd. (NASDAQ:INFO) insider Michael M. Easton sold 12,167 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $47.46, for a total value of $577,445.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of IHS Markit Ltd. (INFO) traded down $1.87 on Monday, hitting $45.15. The stock had a trading volume of 4,855,137 shares, compared to its average volume of 2,469,706. IHS Markit Ltd. has a twelve month low of $37.82 and a twelve month high of $49.19. The stock has a market cap of $18,705.23, a PE ratio of 44.70, a price-to-earnings-growth ratio of 2.19 and a beta of 0.83. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.45.
IHS Markit (NASDAQ:INFO) last released its quarterly earnings results on Tuesday, January 16th. The business services provider reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.10. IHS Markit had a return on equity of 8.98% and a net margin of 11.58%. The company had revenue of $944.70 million for the quarter, compared to analyst estimates of $912.65 million. During the same quarter in the prior year, the firm posted $0.48 EPS. IHS Markit’s quarterly revenue was up 8.1% compared to the same quarter last year. analysts expect that IHS Markit Ltd. will post 1.84 earnings per share for the current year.
Several analysts have recently issued reports on INFO shares. Goldman Sachs Group started coverage on IHS Markit in a report on Wednesday, November 8th. They set a “buy” rating and a $55.00 price objective on the stock. SunTrust Banks upped their price objective on IHS Markit to $48.00 and gave the stock a “hold” rating in a report on Tuesday, November 14th. William Blair cut IHS Markit from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 15th. Zacks Investment Research raised IHS Markit from a “strong sell” rating to a “hold” rating in a report on Thursday, November 16th. Finally, UBS Group decreased their price objective on IHS Markit from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. IHS Markit has a consensus rating of “Buy” and an average target price of $49.29.
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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.
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