Analysts Set IHS Holding Limited (NYSE:IHS) Target Price at $9.61

Shares of IHS Holding Limited (NYSE:IHS) have been given an average rating of “Hold” by the nine analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $9.6071.

Several analysts have weighed in on IHS shares. Wall Street Zen raised shares of IHS from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 14th. Zacks Research downgraded IHS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. New Street Research lowered IHS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 19th. Weiss Ratings cut IHS from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, March 23rd. Finally, Williams Trading set a $8.50 price objective on IHS in a research report on Wednesday, February 18th.

IHS Stock Performance

IHS opened at $8.29 on Tuesday. IHS has a fifty-two week low of $4.20 and a fifty-two week high of $8.95. The company has a quick ratio of 2.05, a current ratio of 2.08 and a debt-to-equity ratio of 96.14. The business has a fifty day simple moving average of $8.16 and a 200-day simple moving average of $7.41. The firm has a market cap of $2.78 billion, a PE ratio of 20.21 and a beta of 0.81.

IHS (NYSE:IHS) last posted its earnings results on Saturday, February 14th. The business services provider reported ($0.23) earnings per share for the quarter. IHS had a negative return on equity of 661.41% and a net margin of 8.12%.The firm had revenue of $397.80 million during the quarter. As a group, equities analysts predict that IHS will post -5.58 EPS for the current fiscal year.

Insider Activity

In other IHS news, EVP Mohamad Darwish sold 16,153 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $8.18, for a total transaction of $132,131.54. Following the sale, the executive vice president owned 291,736 shares of the company’s stock, valued at $2,386,400.48. This represents a 5.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sam Darwish sold 86,793 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $8.18, for a total transaction of $709,966.74. Following the completion of the sale, the chief executive officer owned 405,841 shares of the company’s stock, valued at $3,319,779.38. The trade was a 17.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 142,558 shares of company stock worth $1,165,728. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On IHS

A number of large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in shares of IHS by 17.0% during the second quarter. JPMorgan Chase & Co. now owns 2,405,394 shares of the business services provider’s stock valued at $13,374,000 after purchasing an additional 348,623 shares during the last quarter. Quantbot Technologies LP lifted its holdings in IHS by 647.6% during the 2nd quarter. Quantbot Technologies LP now owns 68,437 shares of the business services provider’s stock worth $381,000 after buying an additional 59,283 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in IHS by 457.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,113,427 shares of the business services provider’s stock valued at $6,191,000 after buying an additional 913,549 shares during the last quarter. Walleye Capital LLC boosted its position in IHS by 74.8% in the 2nd quarter. Walleye Capital LLC now owns 342,376 shares of the business services provider’s stock valued at $1,904,000 after buying an additional 146,500 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of IHS by 94.6% in the 2nd quarter. Marshall Wace LLP now owns 1,260,483 shares of the business services provider’s stock valued at $7,008,000 after buying an additional 612,852 shares during the period. 17.54% of the stock is currently owned by institutional investors and hedge funds.

About IHS

IHS Inc develops source of information, insight and analytics in different areas of business. The Company’s segments include Resources, Transportation and Consolidated Markets & Solutions. The Company’s Resources segment includes its Energy and Chemicals product offerings. Its Transportation segment includes its Automotive; Maritime & Trade, and Aerospace, Defense & Security product offerings. Its Consolidated Markets & Solutions segment includes its Product Design; Technology, Media & Telecom, and Economics & Country Risk product offerings.