IHS (IHS) Releases Quarterly Earnings Results
IHS (NYSE:IHS) issued its quarterly earnings data on Thursday. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.09, American Banking and Market News reports. The company had revenue of $480.00 million for the quarter, compared to the consensus estimate of $468.48 million.
A number of research firms have recently commented on IHS. Analysts at Zacks upgraded shares of IHS (NYSE:IHS) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, August 19th. They now have a $116.80 price target on the stock. On a related note, analysts at Barclays Capital raised their price target on shares of IHS (NYSE:IHS) from $115.00 to $120.00 in a research note to investors on Wednesday, August 14th. They now have an “overweight” rating on the stock. Finally, analysts at Deutsche Bank upgraded shares of IHS (NYSE:IHS) from a “hold” rating to a “buy” rating in a research note to investors on Friday, August 9th. They now have a $125.00 price target on the stock, up previously from $105.00.
Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $110.85.
Shares of IHS (NYSE:IHS) opened at 114.90 on Thursday. IHS has a 1-year low of $83.02 and a 1-year high of $117.12. The stock’s 50-day moving average is $110.5 and its 200-day moving average is $106.0. The company has a market cap of $7.558 billion and a price-to-earnings ratio of 48.67.
IHS Inc (NYSE:IHS) is a source of information and insight in areas, such as energy and power; design and supply chain; defense, risk, and security; environment, health and safety (EHS) and sustainability; country and industry forecasting, and commodities, pricing, and cost.
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