IHS Holding Limited (NYSE:IHS) Given Consensus Recommendation of “Hold” by Analysts

IHS Holding Limited (NYSE:IHS) has been given an average rating of “Hold” by the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $8.3750.

Several brokerages recently weighed in on IHS. New Street Research lowered IHS from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 19th. Weiss Ratings raised IHS from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. TD Cowen lowered IHS from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $17.00 to $8.50 in a report on Wednesday, February 18th. Finally, Williams Trading set a $8.50 price objective on IHS in a report on Wednesday, February 18th.

IHS Trading Up 0.8%

Shares of IHS stock opened at $8.36 on Friday. IHS has a 1 year low of $5.40 and a 1 year high of $8.95. The firm has a market cap of $2.80 billion, a PE ratio of 15.76 and a beta of 0.74. The stock has a fifty day moving average price of $8.27 and a 200-day moving average price of $7.95. The company has a debt-to-equity ratio of 96.14, a current ratio of 2.01 and a quick ratio of 1.97.

IHS (NYSE:IHS) last announced its 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). IHS had a net margin of 10.74% and a negative return on equity of 1,351.44%. The business had revenue of $415.40 million for the quarter, compared to analysts’ expectations of $439.16 million.

Insider Buying and Selling

In related news, CEO Sam Darwish sold 124,275 shares of IHS stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $8.24, for a total value of $1,024,026.00. Following the completion of the sale, the chief executive officer owned 436,015 shares of the company’s stock, valued at approximately $3,592,763.60. This trade represents a 22.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Stephen J. Howden sold 49,212 shares of IHS stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $8.25, for a total value of $405,999.00. Following the completion of the sale, the executive vice president directly owned 314,912 shares of the company’s stock, valued at approximately $2,598,024. This trade represents a 13.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 344,017 shares of company stock valued at $2,826,243. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On IHS

Several large investors have recently added to or reduced their stakes in IHS. PSquared Asset Management AG purchased a new stake in IHS in the 1st quarter worth about $35,749,000. Hsbc Holdings PLC purchased a new position in IHS during the 1st quarter valued at about $33,532,000. Helikon Investments Ltd grew its holdings in IHS by 81.2% during the 4th quarter. Helikon Investments Ltd now owns 8,780,288 shares of the business services provider’s stock valued at $65,501,000 after buying an additional 3,934,727 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in IHS by 177.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,394,160 shares of the business services provider’s stock valued at $13,312,000 after buying an additional 1,531,225 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in IHS by 457.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,113,427 shares of the business services provider’s stock valued at $6,191,000 after buying an additional 913,549 shares in the last quarter. Hedge funds and other institutional investors own 17.54% of the company’s stock.

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.