IHS Reaches New 1-Year High Following Better-Than-Expected Earnings (IHS)
IHS (NYSE:IHS) reached a new 52-week high on Thursday after the company announced better than expected quarterly earnings, Stock Ratings Network.com reports. The company traded as high as $137.52 and last traded at $135.43, with a volume of 484,890 shares changing hands. The stock had previously closed at $130.19.
The company reported $1.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.44 by $0.03. The company had revenue of $568.01 million for the quarter, compared to the consensus estimate of $551.27 million. During the same quarter in the prior year, the company posted $1.26 earnings per share. The company’s quarterly revenue was up 35.9% on a year-over-year basis.
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 equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. IHS has an average rating of “Buy” and a consensus price target of $130.42.
The stock’s 50-day moving average is $124.6 and its 200-day moving average is $119.7. The company has a market cap of $9.243 billion and a P/E ratio of 63.63.
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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