IHS Holding Limited (NYSE:IHS) Receives Consensus Rating of “Hold” from Analysts

Shares of IHS Holding Limited (NYSE:IHS) have been assigned an average recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $8.3750.

Separately, Weiss Ratings raised shares of IHS from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th.

Institutional Investors Weigh In On IHS

A number of large investors have recently modified their holdings of the company. Mcguire Capital Advisors Inc. acquired a new position in shares of IHS during the 4th quarter worth about $27,000. Smartleaf Asset Management LLC purchased a new stake in IHS during the fourth quarter worth approximately $30,000. Quarry LP boosted its holdings in IHS by 545.3% in the third quarter. Quarry LP now owns 4,704 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 3,975 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in IHS in the second quarter valued at approximately $72,000. Finally, NewEdge Advisors LLC purchased a new position in IHS in the second quarter valued at approximately $85,000. 17.54% of the stock is owned by hedge funds and other institutional investors.

IHS Trading Down 0.8%

NYSE:IHS opened at $8.14 on Thursday. The firm has a market cap of $2.73 billion, a PE ratio of 15.37 and a beta of 0.73. The stock has a fifty day moving average price of $8.26 and a 200 day moving average price of $8.11. IHS has a 12-month low of $5.71 and a 12-month high of $8.95.

IHS (NYSE:IHS) last issued its quarterly earnings results on Monday, May 11th. The business services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.12). The company had revenue of $415.40 million for the quarter, compared to analysts’ expectations of $439.16 million. IHS had a negative return on equity of 1,351.44% and a net margin of 10.74%.

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.