IHS Holding Limited (NYSE:IHS) Stock Has Consensus Price Target of $8.80 According to Brokerages

Shares of IHS Holding Limited (NYSE:IHS) have been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $8.80.

A number of equities research analysts have weighed in on the stock. Weiss Ratings raised shares of IHS from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Wall Street Zen upgraded shares of IHS to a “hold” rating in a research report on Saturday.

IHS Stock Performance

Shares of NYSE:IHS opened at $8.45 on Friday. IHS has a 52 week low of $5.71 and a 52 week high of $8.95. The company has a market capitalization of $2.86 billion, a PE ratio of 21.11 and a beta of 0.74. The company has a 50 day moving average price of $8.41 and a two-hundred day moving average price of $8.31.

IHS (NYSE:IHS) last issued its earnings results on Monday, August 10th. The business services provider reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.16). The firm had revenue of $428.60 million for the quarter, compared to analyst estimates of $442.72 million. IHS had a negative return on equity of 832.09% and a net margin of 8.17%.

Institutional Investors Weigh In On IHS

A number of hedge funds have recently added to or reduced their stakes in IHS. Groupe la Francaise boosted its holdings in IHS by 48.0% in the 2nd quarter. Groupe la Francaise now owns 917,096 shares of the business services provider’s stock worth $7,557,000 after buying an additional 297,298 shares during the period. Gabelli Funds LLC bought a new position in shares of IHS in the first quarter worth approximately $3,517,000. OMERS ADMINISTRATION Corp bought a new stake in IHS in the first quarter valued at $4,129,000. Squarepoint Ops LLC grew its stake in shares of IHS by 60.6% in the 2nd quarter. Squarepoint Ops LLC now owns 1,149,563 shares of the business services provider’s stock worth $9,472,000 after buying an additional 433,811 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of IHS by 42.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,586,145 shares of the business services provider’s stock worth $21,284,000 after buying an additional 768,286 shares in the last quarter. 17.54% of the stock is currently owned by institutional investors.

IHS Company Profile

IHS Holding Limited, which trades on the New York Stock Exchange under the symbol IHS, is a telecommunications infrastructure company operating under the IHS Towers brand. The company develops, owns and manages shared communications infrastructure used by mobile network operators and other wireless service providers.

Its portfolio primarily includes telecommunications towers and related infrastructure, along with services such as site leasing, tower operations, maintenance, power management and network deployment support.