A number of other analysts also recently weighed in on INFO. Deutsche Bank AG upgraded Markit to a buy rating in a research report on Sunday, July 17th. William Blair reiterated an outperform rating on shares of Markit in a research report on Sunday, July 17th. BMO Capital Markets reiterated a buy rating and set a $41.00 target price on shares of Markit in a research report on Monday, July 18th. Zacks Investment Research upgraded Markit from a strong sell rating to a hold rating in a research report on Wednesday, July 13th. Finally, Cantor Fitzgerald reiterated a hold rating and set a $35.00 target price on shares of Markit in a research report on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and an average target price of $39.08.
Shares of Markit (NASDAQ:INFO) opened at 37.31 on Tuesday. The firm’s 50-day moving average price is $36.65 and its 200 day moving average price is $34.61. The firm has a market cap of $6.55 billion, a P/E ratio of 58.39 and a beta of 0.94. Markit has a 12-month low of $26.01 and a 12-month high of $37.83.
Markit (NASDAQ:INFO) last released its earnings results on Tuesday, September 27th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm earned $724.60 million during the quarter, compared to the consensus estimate of $557.90 million. Markit had a return on equity of 10.66% and a net margin of 4.06%. The company’s revenue was up 29.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 EPS. On average, equities analysts expect that Markit will post $1.76 earnings per share for the current fiscal year.
In other Markit news, EVP Shane Akeroyd sold 50,000 shares of the company’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $35.28, for a total value of $1,764,000.00. Following the sale, the executive vice president now owns 90,706 shares in the company, valued at approximately $3,200,107.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William E. Ford sold 7,001,911 shares of the company’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $35.69, for a total value of $249,898,203.59. 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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