IHS Holding Limited (NYSE:IHS) Stock Has Consensus Target Price of $8.80

IHS Holding Limited (NYSE:IHS) has earned an average rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $8.80.

Separately, Weiss Ratings upgraded shares of IHS from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, September 8th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Gabelli Funds LLC purchased a new stake in shares of IHS in the first quarter valued at about $3,517,000. OMERS ADMINISTRATION Corp purchased a new position in shares of IHS during the first quarter worth about $4,129,000. Arrowstreet Capital Limited Partnership increased its position in IHS by 42.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,586,145 shares of the business services provider’s stock valued at $21,284,000 after acquiring an additional 768,286 shares during the period. Groupe la Francaise acquired a new position in IHS in the 1st quarter valued at about $5,101,000. Finally, Renaissance Technologies LLC increased its position in IHS by 61.1% in the 1st quarter. Renaissance Technologies LLC now owns 2,258,100 shares of the business services provider’s stock valued at $18,584,000 after acquiring an additional 856,800 shares during the period. 17.54% of the stock is owned by hedge funds and other institutional investors.

IHS Stock Up 0.3%

IHS opened at $8.45 on Tuesday. The company has a 50-day moving average price of $8.35 and a 200 day moving average price of $8.28. The company has a market cap of $2.86 billion, a PE ratio of 21.11 and a beta of 0.74. IHS has a twelve month low of $5.71 and a twelve month high of $8.95.

IHS (NYSE:IHS) last announced its quarterly earnings results on Monday, August 10th. The business services provider reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.16). The company had revenue of $428.60 million during the quarter, compared to analysts’ expectations of $442.72 million. IHS had a net margin of 8.17% and a negative return on equity of 832.09%.

IHS Company Profile

IHS Holding Limited, operating as IHS Towers (NYSE: IHS), is a multinational telecommunications infrastructure company that owns, develops and manages shared communications infrastructure. Its primary assets are wireless telecommunications towers and related sites, which mobile network operators and other communications providers use to expand and maintain their networks.

The company provides tower leasing, colocation and infrastructure services, allowing multiple wireless operators to share the same sites.