IHS Given New $155.00 Price Target at Argus (IHS)
Equities researchers at Argus boosted their target price on shares of IHS (NYSE:IHS) from $148.00 to $155.00 in a research report issued on Friday. The firm currently has a “buy” rating on the stock. Argus’ price target would suggest a potential upside of 13.52% from the stock’s previous close.
Shares of IHS (NYSE:IHS) opened at 136.54 on Friday. IHS has a 52-week low of $95.03 and a 52-week high of $137.52. The stock has a 50-day moving average of $125.1 and a 200-day moving average of $119.8. The company has a market cap of $9.292 billion and a P/E ratio of 63.63.
IHS (NYSE:IHS) last released its earnings data on Thursday, June 19th. 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. Analysts expect that IHS will post $5.77 EPS for the current fiscal year.
Separately, analysts at RBC Capital raised their price target on shares of IHS from $145.00 to $150.00 in a research note on Friday. They now have an “outperform” rating on the stock. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $132.42.
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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