In a report released yesterday, Joseph Vafi from Canaccord Genuity maintained a Buy rating on IHS Markit (INFO – Research Report), with a price target of $90.00. The company’s shares closed last Monday at $58.30.
According to TipRanks.com, Vafi is a 4-star analyst with an average return of 3.8% and a 46.8% success rate. Vafi covers the Technology sector, focusing on stocks such as Fidelity National Info, Paypal Holdings, and Coupa Software.
Currently, the analyst consensus on IHS Markit is a Moderate Buy with an average price target of $78.31, representing a 56.8% upside. In a report issued on March 18, Barclays also maintained a Buy rating on the stock with a $70.00 price target.
Based on IHS Markit’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $1.12 billion and net profit of $203 million. In comparison, last year the company earned revenue of $1.07 billion and had a net profit of $81.8 million.
Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INFO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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. The Transportation segment pertains to automotive and maritime and trade products. The Resources segment includes upstream and downstream product offerings. The Consolidated Markets and Solutions segment offers product design; economics and country risk; and technology, media, and telecom portfolio. Its products are used by aerospace, agriculture, automotive, chemicals, construction, financial services, government and non-government organizations, and technology industries. The company was founded in 1959 and is headquartered in London, the United Kingdom.