IHS Markit (NASDAQ:INFO) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.
A number of other research analysts have also commented on INFO. Zacks Investment Research lowered IHS Markit from a “buy” rating to a “hold” rating in a research note on Tuesday. William Blair upgraded IHS Markit from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 1st. SunTrust Banks restated a “buy” rating and issued a $54.00 target price on shares of IHS Markit in a research note on Wednesday, January 17th. BMO Capital Markets restated a “buy” rating and issued a $52.00 target price on shares of IHS Markit in a research note on Wednesday, January 17th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $54.00 target price on shares of IHS Markit in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. IHS Markit has an average rating of “Buy” and an average price target of $49.29.
IHS Markit (INFO) opened at $49.11 on Tuesday. IHS Markit has a 1-year low of $37.82 and a 1-year high of $49.49. The company has a market capitalization of $20,836.38, a P/E ratio of 48.62, a PEG ratio of 2.29 and a beta of 0.82. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.45.
In other IHS Markit news, EVP Adam Jason Kansler sold 50,000 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $48.00, for a total transaction of $2,400,000.00. Following the completion of the transaction, the executive vice president now directly owns 146,612 shares in the company, valued at $7,037,376. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Daniel Yergin sold 66,871 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $47.46, for a total value of $3,173,697.66. Following the transaction, the insider now owns 338,776 shares of the company’s stock, valued at $16,078,308.96. The disclosure for this sale can be found here. Insiders have sold 208,562 shares of company stock valued at $9,923,853 over the last quarter. Corporate insiders own 2.68% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Zions Bancorporation acquired a new position in IHS Markit during the third quarter worth $126,000. Capital One National Association bought a new stake in shares of IHS Markit during the fourth quarter worth $211,000. Caxton Associates LP bought a new stake in shares of IHS Markit during the third quarter worth $229,000. Tower Research Capital LLC TRC grew its holdings in shares of IHS Markit by 779.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,094 shares of the business services provider’s stock worth $230,000 after purchasing an additional 4,515 shares during the last quarter. Finally, ETRADE Capital Management LLC bought a new stake in shares of IHS Markit during the fourth quarter worth $247,000. Hedge funds and other institutional investors own 91.36% of the company’s stock.
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About IHS Markit
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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