Weekly Investment Analysts’ Ratings Updates for IHS Markit (INFO)

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Several brokerages have updated their recommendations and price targets on shares of IHS Markit (NASDAQ: INFO) in the last few weeks:

  • 10/11/2018 – IHS Markit is now covered by analysts at Barclays PLC. They set an “overweight” rating on the stock.
  • 9/28/2018 – IHS Markit was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “IHS Markit reported better-than-expected third-quarter fiscal 2018 results. The company is benefiting from well-diversified global customer base and solid brand recognition. IHS Markit’s depth and breadth of information and analytics is a key competitive differentiator. Its business model ensures strong recurring revenue generation capacity, cash generation capacity and low capital requirement. Moreover, acquisitions act as key growth catalysts for IHS Markit. These acquisitions are helping the company expand offerings and strengthen international footprint. However, high acquisition related costs, seasonality and debt-laden balance sheet remain concerns. The stock has underperformed the industry in a year’s time.”
  • 9/27/2018 – IHS Markit had its price target raised by analysts at JPMorgan Chase & Co. from $51.00 to $57.00. They now have a “neutral” rating on the stock.
  • 9/27/2018 – IHS Markit was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/26/2018 – IHS Markit had its price target raised by analysts at Wells Fargo & Co from $60.00 to $64.00. They now have an “outperform” rating on the stock.
  • 9/26/2018 – IHS Markit had its price target raised by analysts at Stifel Nicolaus from $54.00 to $57.00. They now have a “hold” rating on the stock.
  • 9/26/2018 – IHS Markit had its price target raised by analysts at SunTrust Banks, Inc. to $66.00. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 9/25/2018 – IHS Markit was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $61.00 price target on the stock. According to Zacks, “IHS Markit is benefiting from well-diversified global customer base and solid brand recognition. IHS Markit’s depth and breadth of information and analytics is a key competitive differentiator. Its business model ensures strong recurring revenue generation capacity, cash generation capacity and low capital requirement. Moreover, acquisitions act as key growth catalysts for IHS Markit. These acquisitions are helping the company expand offerings and strengthen international footprint. However, high acquisition related costs, seasonality and debt-laden balance sheet remain concerns. The stock has underperformed the industry in a year’s time.”
  • 9/13/2018 – IHS Markit was given a new $49.00 price target on by analysts at Morgan Stanley. They now have a “sell” rating on the stock.
  • 9/5/2018 – IHS Markit was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/4/2018 – IHS Markit had its price target raised by analysts at BMO Capital Markets from $57.00 to $60.00. They now have an “outperform” rating on the stock.
  • 8/24/2018 – IHS Markit was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

IHS Markit stock traded down $0.39 during trading on Thursday, hitting $50.75. The company had a trading volume of 188,158 shares, compared to its average volume of 1,881,298. IHS Markit Ltd has a 1-year low of $42.40 and a 1-year high of $55.99. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market capitalization of $21.27 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 2.57 and a beta of 0.77.

IHS Markit (NASDAQ:INFO) last posted its earnings results on Tuesday, September 25th. The business services provider reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. IHS Markit had a net margin of 14.57% and a return on equity of 9.55%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.05 million. During the same quarter last year, the firm earned $0.57 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, equities research analysts forecast that IHS Markit Ltd will post 1.83 earnings per share for the current year.

In other IHS Markit news, CFO Todd S. Hyatt sold 14,517 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $54.01, for a total value of $784,063.17. Following the completion of the transaction, the chief financial officer now owns 341,598 shares of the company’s stock, valued at approximately $18,449,707.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.68% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in IHS Markit by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 161,883 shares of the business services provider’s stock worth $8,352,000 after buying an additional 1,094 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in shares of IHS Markit by 8.0% during the first quarter. Nuveen Asset Management LLC now owns 18,321 shares of the business services provider’s stock valued at $884,000 after buying an additional 1,360 shares during the period. HPM Partners LLC lifted its stake in shares of IHS Markit by 4.8% during the second quarter. HPM Partners LLC now owns 31,108 shares of the business services provider’s stock valued at $1,605,000 after buying an additional 1,425 shares during the period. DnB Asset Management AS lifted its stake in shares of IHS Markit by 3.3% during the second quarter. DnB Asset Management AS now owns 46,820 shares of the business services provider’s stock valued at $2,415,000 after buying an additional 1,500 shares during the period. Finally, Mountain Pacific Investment Advisers Inc. ID lifted its stake in shares of IHS Markit by 0.5% during the second quarter. Mountain Pacific Investment Advisers Inc. ID now owns 321,125 shares of the business services provider’s stock valued at $16,567,000 after buying an additional 1,670 shares during the period. 97.03% of the stock is owned by institutional investors.

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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