Todays Report: The Analysts give average Rating of “Hold” to Markit Ltd. (INFO)

The Analysts give average Rating of “Hold” to Markit Ltd. (INFO)

Shares of Markit Ltd. (NASDAQ:INFO) have been given an average rating of “Hold” by the nineteen analysts that are covering the firm. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $39.02.

A number of research analysts have commented on the stock. Zacks Investment Research cut shares of Markit from a “buy” rating to a “sell” rating in a research note on Friday, September 30th. RBC Capital Markets set a $42.00 price target on shares of Markit and gave the stock a “buy” rating in a research note on Wednesday, September 28th. TheStreet cut shares of Markit from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. Morgan Stanley set a $34.00 price target on shares of Markit and gave the stock a “sell” rating in a research note on Wednesday, September 28th. Finally, BMO Capital Markets restated a “buy” rating and set a $41.00 price target on shares of Markit in a research note on Wednesday, September 28th.

Shares of Markit (NASDAQ:INFO) opened at 36.58 on Thursday. The stock’s 50 day moving average price is $36.86 and its 200-day moving average price is $34.99. Markit has a 12 month low of $26.01 and a 12 month high of $37.83. The firm has a market cap of $6.43 billion, a P/E ratio of 57.25 and a beta of 0.94.

Markit (NASDAQ:INFO) last announced its quarterly earnings results on Tuesday, September 27th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The firm earned $724.60 million during the quarter, compared to analysts’ expectations of $557.90 million. Markit had a net margin of 4.06% and a return on equity of 6.18%. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 earnings per share. Equities research analysts anticipate that Markit will post $1.75 earnings per share for the current fiscal year.

In related news, Vice Chairman Daniel Yergin sold 50,528 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $37.49, for a total value of $1,894,294.72. Following the completion of the sale, the insider now owns 492,509 shares of the company’s stock, valued at $18,464,162.41. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William E. Ford sold 7,001,911 shares of the firm’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $35.69, for a total transaction of $249,898,203.59. The disclosure for this sale can be found here.

A hedge fund recently bought a new stake in Markit stock. Integrated Investment Consultants LLC purchased a new position in shares of Markit Ltd. (NASDAQ:INFO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,561 shares of the company’s stock, valued at approximately $237,000. Hedge funds and other institutional investors own 54.26% of the company’s stock.

Related posts

Leave a Comment