Insider Selling: Daniel Yergin Sells 1,559 Shares of IHS Stock (IHS)
IHS (NYSE:IHS) Chairman Daniel Yergin sold 1,559 shares of the company’s stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $121.34, for a total transaction of $189,169.06. Following the sale, the chairman now directly owns 128,739 shares of the company’s stock, valued at approximately $15,621,190. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
IHS (NYSE:IHS) last posted its quarterly earnings results on Tuesday, January 7th. The company reported $1.46 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.21 earnings per share. The company’s quarterly revenue was up 35.1% on a year-over-year basis.
A number of research firms have recently commented on IHS. Analysts at RBC Capital initiated coverage on shares of IHS in a research note to investors on Friday. They set an “outperform” rating and a $139.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of IHS from $125.00 to $130.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Barclays raised their price target on shares of IHS from $120.00 to $140.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. IHS presently has a consensus rating of “Buy” and an average target price of $126.68.
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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