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 research firms also recently issued reports on INFO. Piper Jaffray Cos. restated an overweight rating and issued a $43.00 price target on shares of Markit in a research report on Monday, August 29th. TheStreet downgraded shares of Markit from a buy rating to a hold rating in a research report on Tuesday, September 27th. RBC Capital Markets set a $42.00 price target on shares of Markit and gave the stock a buy rating in a research report on Wednesday, September 28th. Macquarie assumed coverage on shares of Markit in a research report on Thursday, August 25th. They issued a neutral rating and a $39.00 price target on the stock. Finally, BMO Capital Markets raised their price target on shares of Markit from $41.00 to $43.00 and gave the stock an outperform rating in a research report on Friday, August 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. Markit presently has a consensus rating of Hold and a consensus target price of $39.08.
Shares of Markit (NASDAQ:INFO) opened at 37.525 on Friday. The stock has a market cap of $6.59 billion, a P/E ratio of 58.725 and a beta of 0.94. The company’s 50-day moving average is $36.71 and its 200-day moving average is $34.67. Markit has a 12-month low of $26.01 and a 12-month high of $37.84.
Markit (NASDAQ:INFO) last posted its quarterly earnings results on Tuesday, September 27th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. Markit had a net margin of 4.06% and a return on equity of 10.66%. The company had revenue of $724.60 million for the quarter, compared to the consensus estimate of $557.90 million. During the same period last year, the firm posted $0.36 EPS. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. On average, analysts expect that Markit will post $1.75 earnings per share for the current fiscal year.
In other news, CEO Jerre L. Stead sold 72,000 shares of Markit stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $35.65, for a total value of $2,566,800.00. Following the transaction, the chief executive officer now owns 733,380 shares of the company’s stock, valued at approximately $26,144,997. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jerre L. Stead sold 70,000 shares of Markit stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $35.05, for a total transaction of $2,453,500.00. Following the completion of the transaction, the chief executive officer now directly owns 843,380 shares in the company, valued at approximately $29,560,469. The disclosure for this sale can be found here.
Markit Company Profile
Markit Ltd. is a global diversified provider of financial information services. The Company provides pricing and reference data, indices, valuation and trading services, trade processing, enterprise software and managed services. The Company’s business is organized in three segments: Information, Processing and Solutions.
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