IHS Markit Ltd. (NYSE:INFO) Receives $121.83 Average Target Price from Brokerages

Shares of IHS Markit Ltd. (NYSE:INFO) have been given a consensus recommendation of “Buy” by the six ratings firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $121.83.

INFO has been the subject of a number of analyst reports. Morgan Stanley increased their price target on shares of IHS Markit from $144.00 to $149.00 and gave the company an “overweight” rating in a report on Wednesday, January 5th. Zacks Investment Research upgraded shares of IHS Markit from a “hold” rating to a “buy” rating and set a $124.00 price objective for the company in a research report on Friday, October 1st.

Shares of INFO opened at $121.77 on Wednesday. The business’s 50 day moving average price is $129.34 and its 200-day moving average price is $122.83. The stock has a market cap of $48.57 billion, a P/E ratio of 78.56 and a beta of 1.01. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.52. IHS Markit has a 52 week low of $83.26 and a 52 week high of $135.82.

A number of institutional investors have recently modified their holdings of INFO. Spire Wealth Management lifted its stake in shares of IHS Markit by 1,822.2% in the 4th quarter. Spire Wealth Management now owns 519 shares of the business services provider’s stock worth $69,000 after acquiring an additional 492 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of IHS Markit by 0.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 25,000 shares of the business services provider’s stock worth $3,323,000 after buying an additional 200 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of IHS Markit by 874.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 8,897 shares of the business services provider’s stock worth $1,183,000 after buying an additional 7,984 shares in the last quarter. First Hawaiian Bank grew its holdings in shares of IHS Markit by 63.2% during the fourth quarter. First Hawaiian Bank now owns 14,464 shares of the business services provider’s stock worth $1,923,000 after buying an additional 5,603 shares in the last quarter. Finally, Syquant Capital Sas grew its holdings in shares of IHS Markit by 367.9% during the fourth quarter. Syquant Capital Sas now owns 906,432 shares of the business services provider’s stock worth $120,483,000 after buying an additional 712,702 shares in the last quarter. 88.23% of the stock is currently owned by institutional investors.

IHS Markit Company Profile

IHS Markit Ltd. engages in the provision of information, analytics, and solutions to customers in the business, finance, and government sectors. It operates through the following segments: Financial Services, Transportation, Resources, and Consolidated Markets and Solutions. The Financial Services segment consists of pricing and reference data, indices product portfolio, valuation, and research, sales, and trading activities.

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Analyst Recommendations for IHS Markit (NYSE:INFO)

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