IHS Reaches New 12-Month High at $130.85 (IHS)
Shares of IHS (NYSE:IHS) reached a new 52-week high during trading on Monday , Analyst Ratings Network.com reports. The stock traded as high as $130.85 and last traded at $130.49, with a volume of 45,859 shares changing hands. The stock had previously closed at $130.00.
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. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $130.42.
The stock’s 50-day moving average is $122.8 and its 200-day moving average is $119.0. The company has a market cap of $8.889 billion and a P/E ratio of 63.54.
IHS (NYSE:IHS) last posted its quarterly 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. Analysts expect that IHS will post $5.77 EPS 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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