IHS Upgraded by S&P Equity Research to Buy (IHS)
IHS (NYSE:IHS) was upgraded by S&P Equity Research to a “buy” rating in a research note issued on Tuesday, Analyst Ratings.Net reports.
A number of other analysts have also recently weighed in on IHS. Analysts at Stifel Nicolaus initiated coverage on shares of IHS in a research note to investors on Monday, December 16th. They set a “hold” rating on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of IHS in a research note to investors on Wednesday, December 11th. They set a “neutral” rating on the stock. Finally, analysts at Zacks downgraded shares of IHS from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 15th. They now have a $118.80 price target on the stock. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $117.83.
IHS (NYSE:IHS) traded up 4.09% on Tuesday, hitting $120.76. The stock had a trading volume of 511,355 shares. IHS has a 52 week low of $95.03 and a 52 week high of $120.95. The stock’s 50-day moving average is $115.6 and its 200-day moving average is $111.3. The company has a market cap of $8.114 billion and a P/E ratio of 56.62.
IHS (NYSE:IHS) last posted its quarterly earnings results on Tuesday, January 7th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.59. The company had revenue of $560.00 million for the quarter, compared to the consensus estimate of $534.84 million. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. Analysts expect that IHS will post $4.91 EPS 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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