IHS Holding Limited (NYSE:IHS) Receives Average Rating of “Hold” from Analysts

by · The Cerbat Gem

Shares of IHS Holding Limited (NYSE:IHS – Get Free Report) have earned a consensus rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $8.3750.

A number of analysts have recently issued reports on IHS shares. Weiss Ratings upgraded shares of IHS from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Zacks Research cut shares of IHS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. New Street Research cut shares of IHS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 19th. TD Cowen cut shares of IHS from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $17.00 to $8.50 in a research note on Wednesday, February 18th. Finally, Williams Trading set a $8.50 price objective on shares of IHS in a research note on Wednesday, February 18th.

Read Our Latest Research Report on IHS

IHS Stock Performance

NYSE IHS opened at $8.37 on Wednesday. The firm has a 50-day moving average of $8.25 and a 200-day moving average of $7.79. The company has a debt-to-equity ratio of 96.14, a quick ratio of 1.97 and a current ratio of 2.01. The stock has a market cap of $2.81 billion, a PE ratio of 15.79 and a beta of 0.74. IHS has a 52-week low of $5.10 and a 52-week high of $8.95.

IHS (NYSE:IHS – Get Free Report) last posted its earnings results on Monday, May 11th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12). The company had revenue of $415.40 million for the quarter, compared to analyst estimates of $439.16 million. IHS had a negative return on equity of 1,351.44% and a net margin of 10.74%.

Insiders Place Their Bets

In other IHS news, EVP Mohamad Darwish sold 27,972 shares of IHS stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $8.24, for a total value of $230,489.28. Following the completion of the sale, the executive vice president owned 299,400 shares in the company, valued at $2,467,056. The trade was a 8.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Sam Darwish sold 124,275 shares of IHS stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $8.24, for a total transaction of $1,024,026.00. Following the completion of the sale, the chief executive officer owned 436,015 shares of the company’s stock, valued at $3,592,763.60. This trade represents a 22.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 344,017 shares of company stock worth $2,826,243 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of IHS

Several hedge funds and other institutional investors have recently bought and sold shares of IHS. Quantbot Technologies LP raised its stake in IHS by 647.6% in the 2nd quarter. Quantbot Technologies LP now owns 68,437 shares of the business services provider’s stock worth $381,000 after purchasing an additional 59,283 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of IHS by 457.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,113,427 shares of the business services provider’s stock valued at $6,191,000 after buying an additional 913,549 shares in the last quarter. Marshall Wace LLP raised its position in shares of IHS by 94.6% in the 2nd quarter. Marshall Wace LLP now owns 1,260,483 shares of the business services provider’s stock valued at $7,008,000 after buying an additional 612,852 shares in the last quarter. Jump Financial LLC raised its position in shares of IHS by 227.3% in the 2nd quarter. Jump Financial LLC now owns 322,061 shares of the business services provider’s stock valued at $1,791,000 after buying an additional 223,661 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of IHS in the 2nd quarter valued at approximately $142,000. Institutional investors and hedge funds own 17.54% of the company’s stock.

IHS Company Profile

(Get Free Report)

IHS Inc develops source of information, insight and analytics in different areas of business. The Company’s segments include Resources, Transportation and Consolidated Markets & Solutions. The Company’s Resources segment includes its Energy and Chemicals product offerings. Its Transportation segment includes its Automotive; Maritime & Trade, and Aerospace, Defense & Security product offerings. Its Consolidated Markets & Solutions segment includes its Product Design; Technology, Media & Telecom, and Economics & Country Risk product offerings.

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