IHS Reaches New 52-Week High at $125.86 (IHS)
IHS (NYSE:IHS) reached a new 52-week high during mid-day trading on Wednesday , American Banking & Market News reports. The company traded as high as $125.86 and last traded at $125.16, with a volume of 155,170 shares trading hands. The stock had previously closed at $124.56.
Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of IHS in a research note on Friday, March 21st. They now have a $118.00 price target on the stock, up previously from $114.00. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. IHS currently has a consensus rating of “Buy” and a consensus target price of $128.58.
The stock has a 50-day moving average of $120.5 and a 200-day moving average of $118.0. The company has a market cap of $8.524 billion and a price-to-earnings ratio of 60.88.
IHS (NYSE:IHS) last announced its earnings results on Thursday, March 20th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.04. The company had revenue of $524.46 million for the quarter, compared to the consensus estimate of $514.05 million. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 37.2% 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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