IHS Holding Limited (NYSE:IHS) Given Average Recommendation of “Hold” by Brokerages

IHS Holding Limited (NYSE:IHS) has been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $9.6071.

A number of research firms recently weighed in on IHS. TD Cowen lowered shares of IHS from a “buy” rating to a “hold” rating and cut their target price for the company from $17.00 to $8.50 in a report on Wednesday, February 18th. Zacks Research lowered shares of IHS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Williams Trading set a $8.50 price objective on shares of IHS in a research note on Wednesday, February 18th. New Street Research downgraded shares of IHS from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 19th. Finally, Wall Street Zen upgraded shares of IHS from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 14th.

Insiders Place Their Bets

In other news, EVP Mohamad Darwish sold 16,153 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $8.18, for a total value of $132,131.54. Following the completion of the sale, the executive vice president directly owned 291,736 shares of the company’s stock, valued at $2,386,400.48. This trade represents a 5.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen J. Howden sold 39,612 shares of IHS stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $8.17, for a total value of $323,630.04. Following the completion of the transaction, the executive vice president owned 309,847 shares of the company’s stock, valued at approximately $2,531,449.99. This trade represents a 11.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 142,558 shares of company stock valued at $1,165,728 over the last ninety days. 1.10% of the stock is owned by insiders.

Institutional Trading of IHS

Several hedge funds and other institutional investors have recently bought and sold shares of IHS. DGS Capital Management LLC purchased a new position in shares of IHS during the fourth quarter valued at approximately $101,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of IHS in the fourth quarter worth approximately $27,000. Mackenzie Financial Corp lifted its stake in shares of IHS by 154.4% during the 4th quarter. Mackenzie Financial Corp now owns 73,106 shares of the business services provider’s stock worth $545,000 after acquiring an additional 44,365 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in IHS by 1,229.0% during the 4th quarter. NewEdge Advisors LLC now owns 18,672 shares of the business services provider’s stock valued at $139,000 after acquiring an additional 17,267 shares during the period. Finally, Empowered Funds LLC bought a new position in IHS in the 4th quarter valued at $2,337,000. Hedge funds and other institutional investors own 17.54% of the company’s stock.

IHS Price Performance

IHS stock traded up $0.03 during midday trading on Tuesday, reaching $8.26. 150,553 shares of the stock traded hands, compared to its average volume of 2,042,057. The firm has a market cap of $2.77 billion, a PE ratio of 20.13 and a beta of 0.85. The company has a current ratio of 2.08, a quick ratio of 2.05 and a debt-to-equity ratio of 96.14. IHS has a 12 month low of $4.20 and a 12 month high of $8.95.

IHS (NYSE:IHS) last released its quarterly earnings data on Saturday, February 14th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter. The firm had revenue of $397.80 million during the quarter. IHS had a negative return on equity of 661.41% and a net margin of 8.12%. On average, research analysts expect that IHS will post -5.58 EPS for the current fiscal year.

IHS Company Profile

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.