Cantor Fitzgerald analyst Joseph Foresi maintained a Hold rating on IHS Markit Ltd (NASDAQ: INFO) today and set a price target of $51. The company’s shares opened today at $51.53, close to its 52-week high of $52.61.
Foresi noted:
“. We maintain our Neutral rating on IHS Markit and our PT of $51. We like IHS Markit’s opportunities in transportation, the financial services managed services market and fixed income indexing. IHS Markit announced it will purchase Ipreo, a software solution provider to global capital markets participants. We view the acquisition as a good strategic fit. Management disclosed it is looking to divest its MarkitSERV business as well. We await better visibility on the outlook for oil capex, margins, and/or additional catalysts.”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 17.4% and a 83.8% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Exlservice Holdings.
IHS Markit Ltd has an analyst consensus of Strong Buy, with a price target consensus of $54.60.
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The company has a one-year high of $52.61 and a one-year low of $42.40. Currently, IHS Markit Ltd has an average volume of 1.97M.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is neutral on the stock.
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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.