IHS Markit Ltd (INFO) Gets a Sell Rating from Morgan Stanley

By Jason Carr

In a report released today, Toni Kaplan from Morgan Stanley maintained a Sell rating on IHS Markit Ltd (INFOResearch Report), with a price target of $59.00. The company’s shares closed last Monday at $67.54, close to its 52-week high of $68.88.

According to TipRanks.com, Kaplan has currently no stars on a ranking scale of 0-5 stars, with an average return of -6.8% and a 41.1% success rate. Kaplan covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Factset Research, and Nielsen Holdings.

IHS Markit Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $70.60.

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Based on IHS Markit Ltd’s latest earnings release for the quarter ending August 31, the company reported a quarterly net profit of $40.1 million. In comparison, last year the company earned revenue of $1 billion and had a net profit of $105 million.

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INFO in relation to earlier this year.

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.