IHS Holding Limited (NYSE:IHS) Receives Consensus Rating of “Hold” from Brokerages

IHS Holding Limited (NYSE:IHS) has been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $8.3750.

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

Institutional Investors Weigh In On IHS

Several hedge funds have recently made changes to their positions in the stock. Mcguire Capital Advisors Inc. acquired a new stake in IHS during the fourth quarter worth about $27,000. Smartleaf Asset Management LLC acquired a new position in IHS in the 4th quarter valued at approximately $30,000. Quarry LP raised its holdings in IHS by 545.3% in the 3rd quarter. Quarry LP now owns 4,704 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 3,975 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in IHS in the 2nd quarter valued at approximately $72,000. Finally, NewEdge Advisors LLC bought a new stake in shares of IHS in the 2nd quarter worth approximately $85,000. Institutional investors own 17.54% of the company’s stock.

IHS Trading Up 0.2%

IHS opened at $8.21 on Monday. The business has a 50 day moving average of $8.24 and a 200-day moving average of $8.18. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 15.50 and a beta of 0.73. IHS has a 1-year low of $5.71 and a 1-year high of $8.95.

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

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.