IHS Given “Equal Weight” Rating at Morgan Stanley (IHS)
IHS (NYSE:IHS)‘s stock had its “equal weight” rating reaffirmed by stock analysts at Morgan Stanley in a report issued on Tuesday, ARN reports. They currently have a $114.00 target price on the stock. Morgan Stanley’s price objective points to a potential downside of 4.19% from the company’s current price.
The analysts wrote, “We remain Equal-weight on IHS shares given current valuation and challenges in accelerating top line growth and expanding margins. However, if recent investments translate into high single digit organic revenue growth and >100 bps of annual margin expansion, we believe the stock will seek higher levels. We look for an inflection point in performance that gives us more confidence that this transformation is underway.”
Several other analysts have also recently commented on the stock. Analysts at Thomson Reuters/Verus upgraded shares of IHS from a “sell” rating to a “hold” rating in a research note on Monday. Separately, analysts at Wells Fargo & Co. initiated coverage on shares of IHS in a research note on Wednesday, February 12th. They set an “outperform” rating on the stock. Finally, analysts at RBC Capital initiated coverage on shares of IHS in a research note on Friday, January 10th. They set an “outperform” rating and a $139.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $128.18.
IHS (NYSE:IHS) traded down 0.42% on Tuesday, hitting $118.482. The stock had a trading volume of 86,701 shares. IHS has a one year low of $95.03 and a one year high of $123.95. The stock’s 50-day moving average is $115.9 and its 200-day moving average is $113.4. The company has a market cap of $7.986 billion and a price-to-earnings ratio of 61.05.
IHS (NYSE:IHS) last announced its 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. On average, analysts predict that IHS will post $5.77 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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