IHS Given New $130.00 Price Target at Credit Suisse (IHS)
Stock analysts at Credit Suisse upped their price objective on shares of IHS (NYSE:IHS) from $125.00 to $130.00 in a report issued on Wednesday, AmericanBankingNews.com reports. Credit Suisse’s price objective points to a potential upside of 7.14% from the stock’s previous close.
Shares of IHS (NYSE:IHS) traded down 1.11% on Wednesday, hitting $121.34. The stock had a trading volume of 544,154 shares. IHS has a 52 week low of $95.03 and a 52 week high of $123.95. The stock has a 50-day moving average of $115.9 and a 200-day moving average of $111.5. The company has a market cap of $8.152 billion and a P/E ratio of 59.88.
IHS (NYSE:IHS) last posted its quarterly earnings results on Tuesday, January 7th. The company reported $1.46 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.21 earnings per share. IHS’s revenue was up 35.1% compared to the same quarter last year. Analysts expect that IHS will post $5.62 EPS for the current fiscal year.
A number of other firms have also recently commented on IHS. Analysts at S&P Equity Research upgraded shares of IHS to a “buy” rating in a research note to investors on Tuesday. Separately, 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. 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. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. IHS currently has a consensus rating of “Buy” and a consensus price target of $125.31.
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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