IHS Markit stock: buy or sell

INFO stock price: $104.96 -0.04% At close on May 14th, 2021

Updated on:
May 17th, 2021

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IHS Markit stock brief

  • After making new highs on May 10, IHS Markit closed at $104.96 only moving a -0.04%
  • From the chart point view, price is drawing a scaled uptrend since last January with higher tops and higher bottoms. This rally marked a 26.60% gain
  • IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets worldwide.

Should I buy IHS Markit stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $INFO stock a buy?

Currently, IHS Markit stock matches one trading strategy:

Uptrend buy setup

IHS Markit stock is in an uptrend since last January that so far has marked a gorgeous 27.00% gain. Price marked a pull back in this uptrend at $101.20 last Wednesday, and since then it bounced up a 3.72%. Now, it's only 4.17% away from breaking out above its last top and resume the uptrend. The new entry point is therefore at $109.34. If you decide to enter this trade, the suggested stop loss is at $98.41

Buy setupBuy pointStop lossRisk
Uptrend buy setup$109.34$98.4110.00%

Should I sell IHS Markit stock?

Do you know when is it time to sell IHS Markit stock?. Trading strategies prevent us from making rash decisions based on our personal emotions or the noise that surrounds the market. We like very simple setups to guide us on when is a good time to sell a stock. Be aware that these setups should not be used for selling short IHS Markit stock

As a golden rule, you should never keep an investment that yields higher than expected losses at the time of purchase. The moment to sell shares must always be ruled by the stop-loss (automatic or manual)

Is it time to sell IHS Markit stock?

Currently, IHS Markit stock doesn't match any of our preferred sell setups, so if you hold IHS Markit stock and your operation is in profit probably is not time to sell now

IHS Markit ratings

In the last 30 days, 4 brokerage ratings were published for IHS Markit. General sentiment is bullish, with 3 out of 4 posting optimistic forecasts

IHS Markit analysts' ratings - Last month
Brokerage firmRating
Apr 19th, 2021
Morgan Stanley Buy
Apr 20th, 2021
BMO Capital Markets
Apr 30th, 2021
Morgan Stanley Buy
May 6th, 2021
Morgan Stanley Buy

IHS Markit stock analysis

IHS Markit shares started an uptrend last January, and grew a gorgeous 26.60%. During this uptrend, the price gave some entry points on the breakouts. Latest pullback was last Wednesday, when price bounced at $101.20. Currently, the price trades in a consolidation between its last top ($109.34) and its last bottom ($101.20)

$INFO at All-time Highs

IHS Markit did it again, and reached new all-time highs (ATH) on May 10 at $109.34

SMAs overview

INFO stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $109.34 (4.17% above)
  • The current supports are:

  • S1: $101.20 (-3.58% below)
  • S2: $101.02 (-3.75% below)
  • S3: $93.87 (-10.57% below)
  • Bollinger bands

    Since the price surpassed the upper band on May 4, the price dropped by 4.01%. Since the price broke down the lower band last Wednesday, the price has bounced off by 3.72%. The price is moving near to the lower Bollinger band, signaling some level of oversold in recent sessions. This is not a buy signal, as price can trade in these levels for many days and weeks

    INFO stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 on May 5 after just crossing to the overbough zone for just one day (weak signal). The RSI reading last Friday was 51.99. IHS Markit stock tanked a 4.01% since RSI lost the overbought zone

    INFO stock RSI chart

    IHS Markit stock price history

    IHS Markit went public priced at an adjusted price1 of $25.81 on Jun 2014. Since then, INFO stock surged by 306.66%, with an average of 51.11% per year. If you had invested $1,000USD in IHS Markit stock on the IPO, it would have a value of $4,066.64 today.

    1: Adjusted price after possible price splits or reverse-splits

    INFO stock price history chart

    Price target for IHS Markit stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis predicting how a stock will performance in the future.

    Along with buy or sell recommendations, financial institutions post their price target based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new fundamental information by the company, and many times. If you are a small investor you must not invest based on these predictions.

    Averaging all price targets exposed below, the predicted price for IHS Markit stock is $119.00. IHS Markit closed at $104.96 last Friday, that is a 11.80% than the forecasted price.

    IHS Markit stock price predictions
    Brokerage firmPrice target
    Apr 19th, 2021
    Morgan Stanley $116.00$120.00
    Apr 20th, 2021
    BMO Capital Markets $96.00$110.00
    Apr 30th, 2021
    Morgan Stanley $120.00$123.00
    May 6th, 2021
    Morgan Stanley $120.00$123.00

    Earnings and financials

    Last March, IHS Markit Ltd. ($INFO) reported EPS for that matched analysts' expectations. Quarterly EPS was $0.71 per share instead of $0.70. The company reported revenue was $1.1 billion aligned with the market estimates as well.

    This compares to Earnings of $0.65 per share a year ago, so current EPS means a gain of 9.23%. Revenue only changed on an annualized basis in the , from $10.8B to $11.2B last quarter.

    IHS Markit ($INFO) will host the earnings call mid next June. Estimated for this quarter is $0.80, compared to $0.71 that was reported for Q1.

    IHS Markit performance

    INFO performance compared
    Company1m3m6m
    IHS Markit ($INFO) 1.60% 12.30% 15.50%

    Important:
    The thoughts published in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this article does not know the individual scenarios of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for education motives only

    IHS Markit summary

    Friday, May 14th, 2021
    Open$105.05
    Close$104.96
    Day range$104.49 - $105.5
    Previous close$105
    Session gain-0.04%
    Average true range$2.51
    50d mov avg$100.81
    100d mov avg$94.86
    200d mov avg$89.08
    Earnings dateJune 22nd, 2021

    Frequently asked questions

    What is IHS Markit stock symbol?

    IHS Markit Ltd. is a public company trading in the US stock market with the INFO symbol

    Is IHS Markit stock a buy or sell?

    IHS Markit received 4 ratings in the last 30 days: 3 bullish, 0 bearish and 0 neutral.

    Will INFO go up?

    IHS Markit had different price predictions issued by analysts in the last 30 days setting the target price to $119.00. That is a 13.38% than the last price ($104.96).