IHS Inc. (IHS) Sees Large Volume Increase
IHS Inc. (NYSE:IHS) shares saw unusually-strong trading volume on Monday . Approximately 383,569 shares traded hands during mid-day trading, a decline of 2% from the previous session’s volume of 390,878 shares.The stock last traded at $115.56 and had previously closed at $113.97.
A number of equities analysts recently commented on IHS shares. Zacks Investment Research upgraded IHS from a “sell” rating to a “buy” rating and set a $121.00 price target for the company in a research note on Tuesday, March 15th. Royal Bank Of Canada decreased their price target on IHS from $125.00 to $124.00 and set a “sector perform” rating for the company in a research note on Friday, March 18th. Cantor Fitzgerald lifted their price target on IHS from $104.00 to $123.00 and gave the stock a “hold” rating in a research note on Monday, March 21st. Barclays PLC lifted their price target on IHS from $115.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 22nd. Finally, Stifel Nicolaus lifted their price target on IHS from $123.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, March 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $124.97.
The stock has a market cap of $7.82 billion and a PE ratio of 32.44. The company has a 50 day moving average of $117.13 and a 200 day moving average of $113.71.
IHS (NYSE:IHS) last announced its quarterly earnings data on Tuesday, June 28th. The company reported $1.60 EPS for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.12. The company had revenue of $588 million for the quarter. During the same period in the prior year, the company earned $1.50 earnings per share. The business’s revenue was up 5.6% compared to the same quarter last year. Equities analysts expect that IHS Inc. will post $6.24 EPS for the current year.
In related news, Vice Chairman Daniel Yergin sold 12,445 shares of the stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $114.79, for a total value of $1,428,561.55. Following the completion of the transaction, the insider now owns 94,229 shares of the company’s stock, valued at $10,816,546.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Todd S. Hyatt sold 1,500 shares of the stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $122.98, for a total transaction of $184,470.00. Following the completion of the transaction, the chief financial officer now directly owns 22,991 shares of the company’s stock, valued at approximately $2,827,433.18. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have bought and sold shares of the company. Edgewood Management LLC raised its position in IHS by 4.2% in the fourth quarter. Edgewood Management LLC now owns 4,335,863 shares of the company’s stock valued at $513,496,000 after buying an additional 174,480 shares during the period. Dimensional Fund Advisors LP raised its position in IHS by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 174,684 shares of the company’s stock valued at $20,688,000 after buying an additional 7,206 shares during the period. Stephens Inc. AR raised its position in IHS by 6.8% in the fourth quarter. Stephens Inc. AR now owns 46,105 shares of the company’s stock valued at $5,460,000 after buying an additional 2,941 shares during the period. American Capital Management Inc. acquired a new position in IHS during the fourth quarter valued at about $6,989,000. Finally, Andra AP fonden raised its position in IHS by 19.5% in the fourth quarter. Andra AP fonden now owns 9,800 shares of the company’s stock valued at $1,161,000 after buying an additional 1,600 shares during the period.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.