Insider Selling: Daniel Yergin Unloads 1,501 Shares of IHS Stock (IHS)
IHS (NYSE:IHS) Chairman Daniel Yergin sold 1,501 shares of IHS stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $112.24, for a total value of $168,472.24. Following the completion of the transaction, the chairman now directly owns 126,577 shares of the company’s stock, valued at approximately $14,207,002. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
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, January 10th. 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, January 8th. 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, January 8th. They now have an “overweight” rating on the stock. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $126.68.
Shares of IHS (NYSE:IHS) traded up 1.05% during mid-day trading on Tuesday, hitting $112.14. 394,508 shares of the company’s stock traded hands. 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 $116.7 and a 200-day moving average of $112.8. The company has a market cap of $7.559 billion and a P/E ratio of 56.94.
IHS (NYSE:IHS) last announced its 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. On average, analysts predict that IHS will post $5.81 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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