Cantor Fitzgerald Reiterates a Hold Rating on IHS Markit Ltd.

By Jason Carr

Cantor Fitzgerald analyst Joseph Foresi reiterated a Hold rating on IHS Markit Ltd. (NASDAQ: INFO) today and set a price target of $35. The company’s shares opened today at $35.17.

According to TipRanks.com, Foresi is ranked 0 out of 5 stars with an average return of -6.3% and a 33.5% success rate. Foresi covers the Technology sector, focusing on stocks such as Automatic Data Processing, Fidelity National Info, and Computer Sciences.

IHS Markit Ltd. has an analyst consensus of Moderate Buy, with a price target consensus of $40.40.

Based on IHS Markit Ltd.’s latest earnings report for the quarter ending August 31, the company posted quarterly revenue of $725 million and GAAP net loss of $31.7 million. In comparison, last year the company earned revenue of $277 million and had a net profit of $6.7 million.

Markit Ltd. is a holding company, which provides financial information services. It operates through the following segments: Information, Processing, and Solutions. The Information segment provides enriched content comprising pricing and reference data, indices and valuation, and trading services across multiple asset classes and geographies through both direct and third-party distribution channels. The Processing segment offers trade processing solutions for over-the-counter derivatives, foreign exchange, and syndicated loans. The firm’s trade processing services enable buy-side and sell-side firms to confirm transactions. The Solutions segment provides enterprise software platforms, managed service, and hosted custom web solutions. The company was founded by Lance Uggla and Kevin Gould in 2003 and is headquartered in London, the United Kingdom.