IHS Reaches New 1-Year High at $142.50 (IHS)
IHS (NYSE:IHS)’s share price hit a new 52-week high on Tuesday , Stock Ratings Network reports. The stock traded as high as $142.50 and last traded at $141.44, with a volume of 74,226 shares changing hands. The stock had previously closed at $141.72.
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. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $138.56.
The stock’s 50-day moving average is $135.4 and its 200-day moving average is $126.4. The company has a market cap of $9.641 billion and a price-to-earnings ratio of 63.84.
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.
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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