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

IHS Holding Limited (NYSE:IHS) has received an average recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $9.6071.

A number of brokerages have recently weighed in on IHS. Wall Street Zen upgraded IHS from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 14th. Zacks Research downgraded IHS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. TD Cowen lowered IHS from a “buy” rating to a “hold” rating and dropped their price target for the company from $17.00 to $8.50 in a research note on Wednesday, February 18th. Williams Trading set a $8.50 price objective on IHS in a research note on Wednesday, February 18th. Finally, New Street Research cut IHS from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 19th.

IHS Price Performance

IHS stock opened at $8.29 on Tuesday. The company has a debt-to-equity ratio of 96.14, a quick ratio of 2.05 and a current ratio of 2.08. The company’s fifty day moving average price is $8.15 and its 200-day moving average price is $7.40. IHS has a one year low of $4.20 and a one year high of $8.95. The company has a market capitalization 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. The company had revenue of $397.80 million for the quarter. IHS had a net margin of 8.12% and a negative return on equity of 661.41%. On average, equities analysts anticipate that IHS will post -5.58 EPS for the current fiscal year.

Insider Buying and Selling

In other IHS news, CEO Sam Darwish sold 86,793 shares of the stock in a transaction on 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 transaction, the chief executive officer owned 405,841 shares in the company, valued at $3,319,779.38. This trade represents a 17.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen J. Howden sold 39,612 shares of IHS stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $8.17, for a total transaction of $323,630.04. Following the completion of the transaction, the executive vice president directly owned 309,847 shares of the company’s stock, valued at $2,531,449.99. The trade was a 11.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 142,558 shares of company stock worth $1,165,728. Insiders own 1.10% of the company’s stock.

Institutional Trading of IHS

Several hedge funds have recently made changes to their positions in IHS. Helikon Investments Ltd grew its position in IHS by 81.2% in the fourth quarter. Helikon Investments Ltd now owns 8,780,288 shares of the business services provider’s stock worth $65,501,000 after acquiring an additional 3,934,727 shares in the last quarter. Quaker Capital Investments LLC raised its position in IHS by 7.2% during the fourth quarter. Quaker Capital Investments LLC now owns 4,683,904 shares of the business services provider’s stock valued at $34,942,000 after purchasing an additional 314,501 shares during the period. JPMorgan Chase & Co. raised its position in IHS by 0.7% during the fourth quarter. JPMorgan Chase & Co. now owns 3,321,835 shares of the business services provider’s stock valued at $24,781,000 after purchasing an additional 21,468 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of IHS by 1.7% in the 4th quarter. BNP Paribas Financial Markets now owns 2,540,472 shares of the business services provider’s stock valued at $18,952,000 after purchasing an additional 42,374 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of IHS by 39.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,557,264 shares of the business services provider’s stock valued at $10,621,000 after purchasing an additional 443,837 shares during the last quarter. 17.54% of the stock is currently owned by hedge funds and other institutional investors.

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.