IHS Receives Average Rating of “Buy” from Analysts (NYSE:IHS)
Shares of IHS (NYSE:IHS) have been given a consensus recommendation of “Buy” by the thirteen brokerages that are presently covering the company, Analyst Ratings.Net reports. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $132.42.
A number of analysts have recently weighed in on IHS shares. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of IHS in a research note on Friday. They now have a $118.00 price target on the stock, down previously from $129.00. Separately, analysts at Argus raised their price target on shares of IHS from $148.00 to $155.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, 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.
Shares of IHS (NYSE:IHS) traded up 1.94% on Friday, hitting $139.19. The stock had a trading volume of 205,361 shares. IHS has a 1-year low of $95.03 and a 1-year 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 $9.472 billion and a P/E ratio of 66.74.
IHS (NYSE:IHS) last announced its earnings results on Thursday, June 19th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.26 earnings per share. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. On average, analysts predict that IHS will post $5.79 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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