IHS Markit (INFO) Price Target Cut to $53.00 by Analysts at UBS Group

IHS Markit (NASDAQ:INFO) had its target price decreased by UBS Group from $55.00 to $53.00 in a report published on Tuesday morning, www.benzinga.com reports. UBS Group currently has a neutral rating on the business services provider’s stock.

Other equities analysts have also issued research reports about the company. BidaskClub upgraded IHS Markit from a hold rating to a buy rating in a research note on Tuesday, December 4th. Morgan Stanley set a $46.00 price target on IHS Markit and gave the company a sell rating in a research note on Monday, October 15th. JPMorgan Chase & Co. raised their price target on IHS Markit from $51.00 to $57.00 and gave the company a neutral rating in a research note on Thursday, September 27th. Stifel Nicolaus raised their price target on IHS Markit from $54.00 to $57.00 and gave the company a hold rating in a research note on Wednesday, September 26th. Finally, Zacks Investment Research upgraded IHS Markit from a hold rating to a buy rating and set a $61.00 price target on the stock in a research note on Tuesday, September 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $58.33.

Shares of IHS Markit stock opened at $49.78 on Tuesday. The firm has a market cap of $19.55 billion, a PE ratio of 29.63, a PEG ratio of 2.12 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.43 and a current ratio of 0.43. IHS Markit has a 12 month low of $43.07 and a 12 month high of $55.99.

A number of hedge funds have recently modified their holdings of the stock. First Hawaiian Bank boosted its holdings in IHS Markit by 56.1% in the fourth quarter. First Hawaiian Bank now owns 2,705 shares of the business services provider’s stock worth $130,000 after acquiring an additional 972 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in IHS Markit by 8.2% in the fourth quarter. State of Alaska Department of Revenue now owns 75,384 shares of the business services provider’s stock worth $3,615,000 after acquiring an additional 5,698 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in IHS Markit by 230.0% in the third quarter. Federated Investors Inc. PA now owns 1,217,961 shares of the business services provider’s stock worth $65,721,000 after acquiring an additional 848,915 shares in the last quarter. Marshall Wace LLP acquired a new stake in IHS Markit in the third quarter worth about $2,565,000. Finally, Great Lakes Advisors LLC acquired a new stake in IHS Markit in the third quarter worth about $523,000. 96.20% of the stock is currently owned by institutional investors.

About IHS Markit

IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets that drive economies worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government.

Recommended Story: How does a reverse stock split work?

Analyst Recommendations for IHS Markit (NASDAQ:INFO)

Receive News & Ratings for IHS Markit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IHS Markit and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply