IHS Markit Ltd. (NASDAQ:INFO) has earned an average recommendation of “Buy” from the seventeen ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $49.77.

Several equities analysts recently commented on INFO shares. Royal Bank of Canada restated a “buy” rating and set a $55.00 target price on shares of IHS Markit in a research report on Friday. SunTrust Banks upgraded IHS Markit from a “hold” rating to a “buy” rating in a research report on Tuesday, November 28th. BMO Capital Markets restated an “outperform” rating and set a $50.00 target price (down from $52.00) on shares of IHS Markit in a research report on Wednesday, September 27th. Zacks Investment Research upgraded IHS Markit from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Tuesday, January 16th. Finally, Bank of America reduced their target price on IHS Markit from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, September 27th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bayesian Capital Management LP boosted its holdings in shares of IHS Markit by 2.0% in the 2nd quarter. Bayesian Capital Management LP now owns 10,100 shares of the business services provider’s stock worth $445,000 after purchasing an additional 200 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of IHS Markit by 0.6% in the 2nd quarter. Stifel Financial Corp now owns 45,554 shares of the business services provider’s stock worth $2,020,000 after purchasing an additional 274 shares in the last quarter. Veritable L.P. boosted its holdings in shares of IHS Markit by 1.2% in the 2nd quarter. Veritable L.P. now owns 26,580 shares of the business services provider’s stock worth $1,171,000 after purchasing an additional 317 shares in the last quarter. Advisor Group Inc. boosted its holdings in shares of IHS Markit by 6.7% in the 2nd quarter. Advisor Group Inc. now owns 6,236 shares of the business services provider’s stock worth $274,000 after purchasing an additional 392 shares in the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of IHS Markit by 2.7% in the 3rd quarter. Amalgamated Bank now owns 45,010 shares of the business services provider’s stock worth $1,984,000 after purchasing an additional 1,195 shares in the last quarter. Hedge funds and other institutional investors own 98.95% of the company’s stock.

Shares of IHS Markit (NASDAQ:INFO) opened at $48.37 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.53 and a current ratio of 0.53. IHS Markit has a one year low of $37.82 and a one year high of $48.93. The stock has a market capitalization of $19,230.00, a price-to-earnings ratio of 48.37, a P/E/G ratio of 2.35 and a beta of 0.83.

IHS Markit (NASDAQ:INFO) last released its quarterly earnings data on Tuesday, January 16th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company posted $0.48 EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. research analysts anticipate that IHS Markit will post 1.84 earnings per share for the current year.

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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.

Analyst Recommendations for IHS Markit (NASDAQ:INFO)

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