.png "IHS Markit Ltd (NASDAQ: INFO)")
Cantor Fitzgerald analyst Joseph Foresi maintained a Hold rating on IHS Markit Ltd (INFO) today and set a price target of $51. The company’s shares closed yesterday at $49.65.
Foresi wrote:
“. We maintain our Neutral rating on INFO and our PT of $51*. IHS Markit reported top-line results below consensus. Organic growth in constant currency (cc) was +5% y/y, down from +6% in the prior period. We look to the call for color on the outlook for oil (Resources), financial services capital markets activity, margin outlook and updates on the Ipreo acquisition.”
According to TipRanks.com, Foresi is a top 100 analyst with an average return of 15.7% and a 68.2% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.
The word on The Street in general, suggests a Hold analyst consensus rating for IHS Markit Ltd with a $55.33 average price target, representing an 11.4% upside. In a report issued on January 8, UBS also maintained a Hold rating on the stock with a $53 price target.
See today’s analyst top recommended stocks >>
IHS Markit Ltd’s market cap is currently $19.57B and has a P/E ratio of 35.72. The company has a Price to Book ratio of 2.48.
Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock.
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. 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.
