Markit Ltd (MRKT) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 36 from a previous price target of $35 . RBC Capital Mkts advised their investors in a research report released on Jun 29, 2016.
On the company’s financial health, Markit Ltd reported $0.35 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 10, 2016. Analyst had a consensus of $0.36. The company had revenue of $287.80 million for the quarter, compared to analysts expectations of $294.00 million. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.
Markit Ltd closed down -0.81 points or -2.60% at $30.4 with 11,17,307 shares getting traded on Monday. Post opening the session at $30.85, the shares hit an intraday low of $30.38 and an intraday high of $31.2 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Markit Ltd. is a global diversified provider of financial information services. The Company provides pricing and reference data indices valuation and trading services trade processing enterprise software and managed services. The Company’s business is organized in three segments. The Information segment provides 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 globally for over-the-counter (OTC) derivatives foreign exchange (FX) and syndicated loans including connectivity infrastructure and post-trade support. The Solutions segment provides configurable enterprise software platforms managed services and hosted custom Web solutions. The Company has operations around the world and sells mainly within the United Kingdom the United States of America and Europe.