Insider Selling: IHS EVP Sells 5,000 Shares of Stock (IHS)
IHS (NYSE:IHS) EVP Stephen Green sold 5,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $135.34, for a total value of $676,700.00. Following the sale, the executive vice president now directly owns 22,274 shares in the company, valued at approximately $3,014,563. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of IHS (NYSE:IHS) traded up 0.80% during mid-day trading on Thursday, hitting $137.45. 344,250 shares of the company’s stock traded hands. IHS has a 52-week low of $104.52 and a 52-week high of $139.65. The stock has a 50-day moving average of $128.8 and a 200-day moving average of $121.. The company has a market cap of $9.364 billion and a price-to-earnings ratio of 61.42.
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. On average, analysts predict that IHS will post $5.80 earnings per share for the current fiscal year.
A number of research firms have recently commented on IHS. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of IHS in a research note on Monday, June 23rd. They now have a $140.00 price target on the stock, up previously from $130.00. Separately, analysts at Barclays reiterated an “overweight” rating on shares of IHS in a research note on Friday, June 20th. They now have a $150.00 price target on the stock, up previously from $140.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of IHS in a research note on Friday, June 20th. They now have a $154.00 price target on the stock, up previously from $140.00. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $136.58.
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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