Information Services (TSE:ISV) Price Target Lowered to C$25.00 at Royal Bank of Canada

Information Services (TSE:ISVGet Rating) had its target price lowered by Royal Bank of Canada from C$27.00 to C$25.00 in a research note released on Friday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other research analysts have also issued research reports about the stock. CIBC decreased their target price on shares of Information Services from C$30.00 to C$25.00 in a research report on Thursday, March 17th. Raymond James set a C$29.00 target price on shares of Information Services and gave the stock an outperform rating in a research report on Thursday, March 17th. Finally, Acumen Capital increased their target price on shares of Information Services from C$30.75 to C$31.50 and gave the stock a buy rating in a research report on Thursday, March 17th.

Information Services stock opened at C$21.02 on Friday. The stock has a market cap of C$367.85 million and a P/E ratio of 11.81. The company has a quick ratio of 1.45, a current ratio of 1.53 and a debt-to-equity ratio of 36.32. Information Services has a twelve month low of C$20.13 and a twelve month high of C$33.87. The company’s 50-day moving average price is C$22.75 and its two-hundred day moving average price is C$24.63.

Information Services (TSE:ISVGet Rating) last announced its earnings results on Tuesday, March 15th. The company reported C$0.57 earnings per share (EPS) for the quarter. The business had revenue of C$44.24 million for the quarter, compared to analyst estimates of C$40.20 million. Equities analysts anticipate that Information Services will post 1.67 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $0.92 annualized dividend and a dividend yield of 4.38%. Information Services’s dividend payout ratio is 46.63%.

Information Services Company Profile (Get Rating)

Information Services Corporation provides registry and information management services for public data and records in Canada. It operates through three segments: Registry Operations, Services, and Technology Solutions. The company provides land titles registry services that issues titles to land and registers transactions affecting titles; land surveys services, which registers land survey plans and creates a representation of Saskatchewan land parcels in the cadastral parcel mapping system; and geomatics services that manages geographic data in relation to the cadastral parcel mapping system.

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