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

IHS Holding Limited (NYSE:IHS) has received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $8.3750.

IHS has been the subject of a number of analyst reports. New Street Research lowered IHS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 19th. TD Cowen lowered IHS from a “buy” rating to a “hold” rating and lowered their price target for the company from $17.00 to $8.50 in a research report on Wednesday, February 18th. Weiss Ratings raised IHS from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Finally, Williams Trading set a $8.50 price target on IHS in a research report on Wednesday, February 18th.

Insider Activity at IHS

In related news, CEO Sam Darwish sold 124,275 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $8.24, for a total value of $1,024,026.00. Following the completion of the sale, the chief executive officer directly owned 436,015 shares of the company’s stock, valued at approximately $3,592,763.60. This represents a 22.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 the stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $8.25, for a total value of $405,999.00. Following the completion of the sale, the executive vice president directly owned 314,912 shares of the company’s stock, valued at $2,598,024. The trade was a 13.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 three months, insiders sold 344,017 shares of company stock valued at $2,826,243. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On IHS

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mcguire Capital Advisors Inc. purchased a new stake in shares of IHS during the 4th quarter valued at $27,000. Smartleaf Asset Management LLC purchased a new stake in shares of IHS during the 4th quarter valued at $30,000. Quarry LP increased its position in shares of IHS by 545.3% during the 3rd quarter. Quarry LP now owns 4,704 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 3,975 shares during the last quarter. MML Investors Services LLC purchased a new stake in shares of IHS during the 4th quarter valued at $90,000. Finally, L2 Asset Management LLC purchased a new stake in shares of IHS during the 4th quarter valued at $90,000. 17.54% of the stock is owned by hedge funds and other institutional investors.

IHS Stock Up 0.8%

IHS stock opened at $8.36 on Friday. IHS has a 1-year low of $5.40 and a 1-year high of $8.95. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 15.76 and a beta of 0.74. The firm’s fifty day moving average price is $8.27 and its two-hundred day moving average price is $7.95. The company has a current ratio of 2.01, a quick ratio of 1.97 and a debt-to-equity ratio of 96.14.

IHS (NYSE:IHS) last released its quarterly earnings data on Monday, May 11th. The business services provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $415.40 million during the quarter, compared to the consensus estimate 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.