News articles about IHS Markit (NASDAQ:INFO) have trended somewhat positive recently, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. IHS Markit earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 45.9735544015724 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- IHS Markit Acquires DeriveXperts (finance.yahoo.com)
- Form 4 IHS Markit Ltd. For: Apr 11 Filed by: IYER BALAKRISHNAN S (streetinsider.com)
- IHS Markit Ltd (INFO) Sees Large Drop in Short Interest (americanbankingnews.com)
- IHS Markit Ltd (INFO) CEO Lance Darrell Gordon Uggla Sells 80,000 Shares (americanbankingnews.com)
- Customer Loyalty to Utility Vehicles Reaches Record Levels, IHS Markit Says (finance.yahoo.com)
Several analysts recently commented on the company. BidaskClub upgraded IHS Markit from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 11th. Zacks Investment Research lowered IHS Markit from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. William Blair upgraded IHS Markit from a “market perform” rating to an “outperform” rating in a report on Thursday, February 1st. Royal Bank of Canada reiterated a “buy” rating and set a $55.00 price objective on shares of IHS Markit in a report on Friday, January 19th. Finally, Piper Jaffray restated a “buy” rating and set a $54.00 target price on shares of IHS Markit in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. IHS Markit currently has an average rating of “Buy” and an average price target of $52.31.
NASDAQ INFO traded up $0.33 during trading on Monday, reaching $48.85. 306,327 shares of the company traded hands, compared to its average volume of 2,162,836. IHS Markit has a 1-year low of $42.18 and a 1-year high of $50.00. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $18,987.09, a price-to-earnings ratio of 27.41, a PEG ratio of 2.27 and a beta of 0.78.
IHS Markit (NASDAQ:INFO) last posted its earnings results on Tuesday, March 27th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. The company had revenue of $932.10 million during the quarter, compared to analysts’ expectations of $906.91 million. IHS Markit had a net margin of 16.06% and a return on equity of 9.33%. IHS Markit’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 earnings per share. analysts predict that IHS Markit will post 1.84 earnings per share for the current year.
In other IHS Markit news, Director Robert P. Kelly purchased 10,000 shares of the business’s stock in a transaction on Thursday, January 25th. The shares were purchased at an average cost of $48.69 per share, with a total value of $486,900.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the executive vice president now directly owns 146,612 shares in the company, valued at $7,037,376. The disclosure for this sale can be found here. Insiders have sold a total of 435,962 shares of company stock valued at $20,924,019 in the last quarter. Corporate insiders own 2.68% of the company’s stock.
IHS Markit Company Profile
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.
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