IHS Holding Limited (NYSE:IHS) Given Average Recommendation of “Hold” by Brokerages

Shares of IHS Holding Limited (NYSE:IHSGet Free Report) have been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $8.3750.

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

Check Out Our Latest Research Report on IHS

Institutional Trading of IHS

Large investors have recently bought and sold shares of the stock. Helikon Investments Ltd lifted its holdings in shares of IHS by 81.2% during the fourth quarter. Helikon Investments Ltd now owns 8,780,288 shares of the business services provider’s stock valued at $65,501,000 after acquiring an additional 3,934,727 shares during the period. Quaker Capital Investments LLC grew its holdings in shares of IHS by 7.2% in the 4th quarter. Quaker Capital Investments LLC now owns 4,683,904 shares of the business services provider’s stock worth $34,942,000 after purchasing an additional 314,501 shares during the last quarter. PSquared Asset Management AG acquired a new stake in shares of IHS during the 1st quarter worth about $35,749,000. Hsbc Holdings PLC acquired a new stake in shares of IHS during the 1st quarter worth about $33,532,000. Finally, JPMorgan Chase & Co. increased its position in shares of IHS by 0.7% during the 4th quarter. JPMorgan Chase & Co. now owns 3,321,835 shares of the business services provider’s stock worth $24,781,000 after purchasing an additional 21,468 shares in the last quarter. 17.54% of the stock is currently owned by institutional investors.

IHS Stock Performance

Shares of IHS stock opened at $8.14 on Thursday. The firm has a market cap of $2.73 billion, a P/E ratio of 15.37 and a beta of 0.73. The firm’s 50-day simple moving average is $8.26 and its 200-day simple moving average is $8.08. IHS has a twelve month low of $5.71 and a twelve month high of $8.95.

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

About IHS

(Get Free Report)

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.

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Analyst Recommendations for IHS (NYSE:IHS)

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