IHS Holding Limited (NYSE:IHS) Given Consensus Rating of “Hold” by Analysts

IHS Holding Limited (NYSE:IHS) has received a consensus recommendation of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $9.6071.

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

Insider Activity at IHS

In related news, EVP Mohamad Darwish sold 27,972 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 299,400 shares of the company’s stock, valued at approximately $2,467,056. This trade represents a 8.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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, EVP Stephen J. Howden sold 49,212 shares of IHS stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $8.25, for a total transaction of $405,999.00. Following the completion of the transaction, the executive vice president owned 314,912 shares of the company’s stock, valued at $2,598,024. This represents a 13.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. In the last ninety days, insiders have sold 344,017 shares of company stock worth $2,826,243.

Hedge Funds Weigh In On IHS

A number of large investors have recently made changes to their positions in IHS. Quantbot Technologies LP raised its stake in shares of IHS by 647.6% during the 2nd quarter. Quantbot Technologies LP now owns 68,437 shares of the business services provider’s stock valued at $381,000 after purchasing an additional 59,283 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of IHS by 457.1% during 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 purchasing an additional 913,549 shares during the period. Marshall Wace LLP raised its stake in shares of IHS by 94.6% during 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 purchasing an additional 612,852 shares during the period. Jump Financial LLC raised its stake in shares of IHS by 227.3% during the 2nd quarter. Jump Financial LLC now owns 322,061 shares of the business services provider’s stock valued at $1,791,000 after purchasing an additional 223,661 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in shares of IHS during the 2nd quarter valued at $142,000. 17.54% of the stock is owned by institutional investors.

IHS Trading Up 0.2%

NYSE IHS opened at $8.26 on Wednesday. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 15.58 and a beta of 0.74. IHS has a one year low of $5.10 and a one year high of $8.95. The company has a debt-to-equity ratio of 96.14, a current ratio of 2.01 and a quick ratio of 1.97. The business’s fifty day moving average is $8.23 and its 200-day moving average is $7.73.

IHS (NYSE:IHS) last issued its quarterly earnings results on Tuesday, May 12th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.12). IHS had a negative return on equity of 1,351.44% and a net margin of 10.74%.The company had revenue of $415.40 million for the quarter, compared to analysts’ expectations of $439.16 million.

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.