IHS Holding Limited (NYSE:IHS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of IHS Holding Limited (NYSE:IHS) have been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $8.3750.

Separately, Weiss Ratings upgraded IHS from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th.

IHS Stock Down 0.4%

Shares of IHS stock opened at $8.31 on Monday. The company has a 50 day moving average of $8.23 and a 200-day moving average of $8.20. IHS has a 12-month low of $5.71 and a 12-month high of $8.95. The firm has a market cap of $2.79 billion, a P/E ratio of 15.69 and a beta of 0.73.

IHS (NYSE:IHS) last posted its quarterly earnings data on Monday, May 11th. The business services provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.12). IHS had a net margin of 10.74% and a negative return on equity of 1,351.44%. The firm had revenue of $415.40 million during the quarter, compared to analysts’ expectations of $439.16 million.

Institutional Investors Weigh In On IHS

Several large investors have recently added to or reduced their stakes in 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 valued at $381,000 after acquiring an additional 59,283 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in IHS by 457.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,113,427 shares of the business services provider’s stock worth $6,191,000 after purchasing an additional 913,549 shares during the period. Marshall Wace LLP increased its stake in shares of IHS by 94.6% in the second quarter. Marshall Wace LLP now owns 1,260,483 shares of the business services provider’s stock worth $7,008,000 after purchasing an additional 612,852 shares in the last quarter. Jump Financial LLC increased its stake in shares of IHS by 227.3% in the second quarter. Jump Financial LLC now owns 322,061 shares of the business services provider’s stock worth $1,791,000 after purchasing an additional 223,661 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of IHS in the second quarter valued at approximately $142,000. Hedge funds and other institutional investors own 17.54% of the company’s stock.

About IHS

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.