IHS Markit (NASDAQ:INFO) Receiving Somewhat Positive News Coverage, Study Shows

Media coverage about IHS Markit (NASDAQ:INFO) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. IHS Markit earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 44.7857085509717 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news headlines that may have effected Accern’s analysis:

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Several equities analysts recently issued reports on INFO shares. Zacks Investment Research raised shares of IHS Markit from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Wednesday, December 6th. Royal Bank of Canada reissued a “buy” rating and set a $52.00 price target on shares of IHS Markit in a report on Wednesday, December 20th. UBS Group cut their price target on shares of IHS Markit from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, November 17th. William Blair downgraded shares of IHS Markit from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 15th. Finally, SunTrust Banks upgraded shares of IHS Markit from a “hold” rating to a “buy” rating in a research report on Tuesday, November 28th. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. IHS Markit currently has an average rating of “Buy” and an average target price of $49.43.

Shares of IHS Markit (NASDAQ:INFO) traded up $0.32 during trading hours on Thursday, hitting $49.16. 380,260 shares of the stock traded hands, compared to its average volume of 2,139,345. IHS Markit has a 12 month low of $37.82 and a 12 month high of $49.49. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market cap of $19,563.17, a PE ratio of 29.32, a price-to-earnings-growth ratio of 2.28 and a beta of 0.82.

IHS Markit (NASDAQ:INFO) last issued its quarterly earnings results on Tuesday, January 16th. The business services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.42 by $0.10. IHS Markit had a net margin of 11.58% and a return on equity of 8.98%. The company had revenue of $944.70 million during the quarter, compared to analysts’ expectations of $912.65 million. During the same quarter in the previous year, the company earned $0.48 EPS. IHS Markit’s revenue was up 8.1% on a year-over-year basis. sell-side analysts anticipate that IHS Markit will post 1.84 EPS for the current year.

In related news, insider Michael M. Easton sold 12,167 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $47.46, for a total value of $577,445.82. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Adam Jason Kansler sold 50,000 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were 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 owns 146,612 shares in the company, valued at $7,037,376. The disclosure for this sale can be found here. Insiders sold 208,562 shares of company stock worth $9,923,853 over the last 90 days. 2.68% of the stock is currently owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for IHS Markit (NASDAQ:INFO)

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