Media coverage about IHS Markit (NASDAQ:INFO) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. IHS Markit earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 46.1792706120004 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
- Analyzing IHS Markit (INFO) and Its Competitors (americanbankingnews.com)
- IHS Markit Ltd (INFO) CEO Sells $3,883,200.00 in Stock (americanbankingnews.com)
- IHS Markit Buys DeriveXperts (techrockies.com)
- IHS Markit Acquires DeriveXperts (finance.yahoo.com)
- Form 4 IHS Markit Ltd. For: Apr 11 Filed by: IYER BALAKRISHNAN S (streetinsider.com)
Several brokerages recently weighed in on INFO. Zacks Investment Research downgraded shares of IHS Markit from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. ValuEngine raised shares of IHS Markit from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. BMO Capital Markets reissued a “buy” rating and issued a $53.00 target price on shares of IHS Markit in a research note on Wednesday, March 28th. Wells Fargo boosted their target price on shares of IHS Markit from $55.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, March 28th. Finally, Cantor Fitzgerald boosted their target price on shares of IHS Markit from $47.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday, March 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. IHS Markit has a consensus rating of “Buy” and a consensus target price of $52.31.
IHS Markit (NASDAQ:INFO) last posted its quarterly earnings data on Tuesday, March 27th. The business services provider reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.03. IHS Markit had a net margin of 16.06% and a return on equity of 9.33%. The company had revenue of $932.10 million during the quarter, compared to the consensus estimate of $906.91 million. During the same quarter in the prior year, the company posted $0.46 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. equities research analysts anticipate that IHS Markit will post 1.84 EPS for the current year.
In other news, Vice Chairman Daniel Yergin sold 66,871 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $47.46, for a total transaction of $3,173,697.66. Following the completion of the sale, the insider now owns 338,776 shares in the company, valued at approximately $16,078,308.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lance Darrell Gordon Uggla sold 80,000 shares of the business’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $48.54, for a total value of $3,883,200.00. Following the sale, the chief executive officer now owns 662,628 shares of the company’s stock, valued at approximately $32,163,963.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 515,962 shares of company stock valued at $24,807,219. Corporate insiders own 2.68% of the company’s stock.
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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.
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