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 closed yesterday at $54.28, close to its 52-week high of $55.99.
Foresi said:
“. We maintain our Neutral rating on INFO and our PT of $51*. IHS Markit reported top-line results above consensus. Organic growth in constant currency (cc) was 6% y/y, down from +8% 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 25 analyst with an average return of 23.1% and a 88.0% 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 Moderate Buy analyst consensus rating for IHS Markit Ltd with a $56.33 average price target.
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The company has a one-year high of $55.99 and a one-year low of $42.40. Currently, IHS Markit Ltd has an average volume of 1.49M.
Based on the recent corporate insider activity of 92 insiders, corporate insider sentiment is negative 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.
