IHS Markit (NYSE:INFO) Updates FY20 Earnings Guidance

IHS Markit (NYSE:INFO) updated its FY20 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.82-2.88 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.86. The company issued revenue guidance of $4.52-4.59 billion, compared to the consensus revenue estimate of $4.58 billion.IHS Markit also updated its FY 2020
Pre-Market guidance to 2.82-2.88 EPS.

Several research firms have recently weighed in on INFO. William Blair restated an outperform rating on shares of IHS Markit in a research note on Wednesday, September 25th. Jefferies Financial Group started coverage on shares of IHS Markit in a report on Wednesday, November 27th. They set a hold rating and a $76.00 target price for the company. Morgan Stanley lifted their target price on shares of IHS Markit from $58.00 to $59.00 and gave the stock an underweight rating in a report on Thursday, October 10th. Royal Bank of Canada started coverage on shares of IHS Markit in a report on Wednesday, December 11th. They set an outperform rating and a $84.00 target price for the company. Finally, Bank of America set a $77.00 target price on shares of IHS Markit and gave the stock a buy rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. IHS Markit presently has a consensus rating of Buy and a consensus target price of $73.71.

NYSE INFO opened at $79.93 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $31.38 billion, a P/E ratio of 40.37, a P/E/G ratio of 2.73 and a beta of 0.79. IHS Markit has a 12-month low of $49.11 and a 12-month high of $79.96. The firm has a 50-day moving average price of $74.84 and a two-hundred day moving average price of $68.78.

In other IHS Markit news, CEO Lance Darrell Gordon Uggla sold 153,808 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $71.37, for a total value of $10,977,276.96. Following the completion of the sale, the chief executive officer now owns 424,158 shares of the company’s stock, valued at approximately $30,272,156.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.11% of the company’s stock.

IHS Markit Company Profile

IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets that drive economies worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government.

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