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

Shares of IHS Holding Limited (NYSE:IHS) have been assigned an average rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $8.80.

Separately, Weiss Ratings lowered shares of IHS from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, August 21st.

IHS Stock Up 0.1%

IHS opened at $8.37 on Friday. The stock’s 50 day moving average price is $8.25 and its two-hundred day moving average price is $8.23. The firm has a market capitalization of $2.81 billion, a P/E ratio of 20.91 and a beta of 0.73. IHS has a 12-month low of $5.71 and a 12-month high of $8.95.

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

Institutional Trading of IHS

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mcguire Capital Advisors Inc. bought a new position in shares of IHS during the 4th quarter worth about $27,000. Smartleaf Asset Management LLC bought a new stake in shares of IHS in the fourth quarter valued at about $30,000. Quarry LP grew its position in IHS by 545.3% during the third quarter. Quarry LP now owns 4,704 shares of the business services provider’s stock worth $32,000 after buying an additional 3,975 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in IHS during the second quarter worth about $72,000. Finally, NewEdge Advisors LLC bought a new position in IHS during the second quarter valued at about $85,000. 17.54% of the stock is currently owned by institutional investors and hedge funds.

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.