Insider Selling: IHS CEO Sells 2,000 Shares of Stock (IHS)
IHS (NYSE:IHS) CEO Scott Key sold 2,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $112.45, for a total value of $224,900.00. Following the sale, the chief executive officer now directly owns 86,920 shares in the company, valued at approximately $9,774,154. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
IHS has been the subject of a number of recent research reports. Analysts at BMO Capital Markets raised their price target on shares of IHS (NYSE:IHS) from $119.00 to $130.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “buy” rating on shares of IHS (NYSE:IHS) in a research note to investors on Friday, September 20th. They now have a $116.80 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of IHS (NYSE:IHS) from $120.00 to $125.00 in a research note to investors on Friday, September 20th. They now have a “buy” rating on the stock.
Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. IHS currently has a consensus rating of “Buy” and an average target price of $114.64.
Shares of IHS (NYSE:IHS) traded up 0.40% on Wednesday, hitting $113.01. 292,788 shares of the company’s stock traded hands. IHS has a 1-year low of $83.02 and a 1-year high of $117.65. The stock has a 50-day moving average of $110.6 and a 200-day moving average of $106.1. The company has a market cap of $7.544 billion and a P/E ratio of 54.93.
IHS (NYSE:IHS) last posted its quarterly earnings results on Thursday, September 19th. The company reported $1.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.18 by $0.09. The company had revenue of $480.00 million for the quarter, compared to the consensus estimate of $468.48 million. During the same quarter last year, the company posted $0.99 earnings per share. IHS’s revenue was up 24.6% compared to the same quarter last year. On average, analysts predict that IHS will post $4.91 earnings per share for the current fiscal year.
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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