IHS Markit (INFO) Lowered to Hold at Zacks Investment Research

IHS Markit (NASDAQ:INFO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “IHS Markit Ltd. provides information, analytics and solutions to customers. It serves business, finance and government. IHS Markit Ltd., formerly known as Markit Ltd., is based in LONDON, United Kingdom. “

A number of other equities research analysts also recently commented on INFO. Cantor Fitzgerald reiterated a “hold” rating and set a $45.00 price target on shares of IHS Markit in a report on Tuesday, September 26th. Royal Bank of Canada lowered their target price on shares of IHS Markit from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Wednesday, September 27th. Morgan Stanley lowered their target price on shares of IHS Markit from $41.00 to $40.00 and set an “underweight” rating for the company in a report on Wednesday, September 27th. BMO Capital Markets restated an “outperform” rating and issued a $50.00 target price (down from $52.00) on shares of IHS Markit in a report on Wednesday, September 27th. Finally, Bank of America lowered their target price on shares of IHS Markit from $52.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. IHS Markit has an average rating of “Hold” and an average target price of $47.86.

Shares of IHS Markit (NASDAQ INFO) opened at $45.55 on Wednesday. The company has a market cap of $18,010.03, a PE ratio of 47.45, a PEG ratio of 2.15 and a beta of 0.83. IHS Markit has a twelve month low of $35.56 and a twelve month high of $48.53. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44.

Institutional investors have recently added to or reduced their stakes in the stock. Financial Counselors Inc. grew its stake in IHS Markit by 2.8% during the second quarter. Financial Counselors Inc. now owns 7,103 shares of the business services provider’s stock worth $313,000 after buying an additional 191 shares during the period. Bayesian Capital Management LP grew its stake in IHS Markit by 2.0% during the second quarter. Bayesian Capital Management LP now owns 10,100 shares of the business services provider’s stock worth $445,000 after buying an additional 200 shares during the period. Stifel Financial Corp grew its stake in IHS Markit by 0.6% during the second quarter. Stifel Financial Corp now owns 45,554 shares of the business services provider’s stock worth $2,020,000 after buying an additional 274 shares during the period. Veritable L.P. grew its stake in IHS Markit by 1.2% during the second quarter. Veritable L.P. now owns 26,580 shares of the business services provider’s stock worth $1,171,000 after buying an additional 317 shares during the period. Finally, Advisor Group Inc. grew its stake in IHS Markit by 6.7% during the second quarter. Advisor Group Inc. now owns 6,236 shares of the business services provider’s stock worth $274,000 after buying an additional 392 shares during the period. Hedge funds and other institutional investors own 98.94% of the company’s stock.

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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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