Here's Why You Should Hold On To IHS Markit (INFO) Stock
Zacks Investment Research | Apr 04, 2019 09:17PM ET
Shares of IHS Markit Ltd. (NASDAQ:INFO) have surged 12.8% in the past year, outperforming the 8% rally of the Zacks S&P 500 Composite.
With expected long-term earnings per share growth rate of 10.7% and a market cap of $22 billion, IHS Markit seems is a stock that investors should retain in their portfolio for now.
What Bodes Well for IHS Markit?
IHS Markit’s offerings are well established across multiple industries and geographies. This enables the company to build strong customer relations over time. It prioritizes investments toward automotive, energy and financial services to improve offerings.
IHS Markit’s business model ensures solid recurring revenue generation capacity, low capital requirement, operational efficiency and financial discipline. The company’s depth and breadth of information and analytics is a key competitive differentiator.
Acquisitions are helping the company to expand offerings and strengthen international footprint. IHS Markit made three acquisitions in 2018 — Ipreo, DeriveXperts and PetroChem Wire. While DeriveXperts enhances the company’s derivatives data and valuations products, PetroChem Wire complements its OPIS product offerings. Ipreo is aimed at boosting the Financial services segment.
IHS Markit Ltd. Revenue (TTM)
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