In a report released today, Joseph Foresi from Cantor Fitzgerald maintained a Hold rating on IHS Markit Ltd (INFO), with a price target of $51. The company’s shares opened today at $53.20.
Foresi noted:
“. We maintain our Neutral rating on IHS Markit and our PT of $51. INFO announced FY19 guidance, with revenue projections a little lower than expected, due to a slight FX headwind but offset by a projected acceleration of organic growth and acquisition contribution. The Transportation segment should continue to see steady growth. We await better visibility on the outlook for oil CapEx next year and additional catalysts.”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 18.7% and a 80.3% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.
IHS Markit Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $58.10.
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Based on IHS Markit Ltd’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $1 billion and net profit of $105 million. In comparison, last year the company earned revenue of $905 million and had a net profit of $146 million.
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IHS Markit Ltd. delivers information, analytics and solutions to customers in business, finance and government. Its products are used by aerospace, agriculture, automotive, chemicals, construction, financial services and government and Ngo’s.
