IHS Holding Limited (NYSE:IHS) Receives Average Recommendation of “Hold” from Brokerages

Shares of IHS Holding Limited (NYSE:IHS) have received a consensus rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $9.6071.

A number of research analysts have issued reports on IHS shares. New Street Research lowered shares of IHS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 19th. Zacks Research cut shares of IHS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. TD Cowen lowered shares of IHS from a “buy” rating to a “hold” rating and lowered their price objective for the company from $17.00 to $8.50 in a research note on Wednesday, February 18th. Wall Street Zen raised IHS from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 14th. Finally, Weiss Ratings cut IHS from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, March 23rd.

Insider Buying and Selling

In related news, CEO Sam Darwish sold 86,793 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $8.18, for a total transaction of $709,966.74. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen J. Howden sold 39,612 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $8.17, for a total value of $323,630.04. Following the sale, the executive vice president directly owned 309,847 shares in the company, valued at approximately $2,531,449.99. The trade was a 11.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 142,558 shares of company stock valued at $1,165,728 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On IHS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mcguire Capital Advisors Inc. bought a new stake in shares of IHS in the 4th quarter worth approximately $27,000. Smartleaf Asset Management LLC bought a new stake in shares of IHS in the 4th quarter worth approximately $30,000. Quarry LP raised its holdings in shares of IHS by 545.3% in the 3rd quarter. Quarry LP now owns 4,704 shares of the business services provider’s stock worth $32,000 after purchasing an additional 3,975 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of IHS in the 2nd quarter worth approximately $72,000. Finally, Olympiad Research LP bought a new stake in shares of IHS in the 3rd quarter worth approximately $74,000. Institutional investors own 17.54% of the company’s stock.

IHS Trading Up 0.2%

IHS stock opened at $8.31 on Tuesday. 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 firm has a 50-day moving average price of $8.17 and a two-hundred day moving average price of $7.42. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 20.26 and a beta of 0.81. IHS has a 52-week low of $4.20 and a 52-week high of $8.95.

IHS (NYSE:IHS) last posted its earnings results on Saturday, February 14th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter. The firm 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%. Sell-side analysts expect that IHS will post -5.58 earnings per share for the current year.

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.