IHS PT Raised to $150.00 (IHS)
Investment analysts at RBC Capital raised their price target on shares of IHS (NYSE:IHS) from $145.00 to $150.00 in a note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target points to a potential upside of 9.86% from the company’s current price.
IHS (NYSE:IHS) traded up 0.94% on Friday, hitting $137.82. The stock had a trading volume of 96,768 shares. IHS has a 52 week low of $95.03 and a 52 week high of $137.52. The stock’s 50-day moving average is $125.1 and its 200-day moving average is $119.8. The company has a market cap of $9.379 billion and a price-to-earnings ratio of 66.74.
IHS (NYSE:IHS) last posted its quarterly earnings results 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 $5.79 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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