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

Shares of IHS Holding Limited (NYSE:IHS) have been assigned a consensus rating of “Hold” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $9.6071.

A number of research analysts have weighed in on IHS shares. Zacks Research lowered shares of IHS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. New Street Research downgraded IHS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 19th. Weiss Ratings raised IHS from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Williams Trading set a $8.50 price objective on IHS in a research note on Wednesday, February 18th. Finally, TD Cowen downgraded IHS from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $17.00 to $8.50 in a research note on Wednesday, February 18th.

IHS Trading Up 0.2%

Shares of IHS stock opened at $8.26 on Wednesday. The company has a debt-to-equity ratio of 96.14, a quick ratio of 1.97 and a current ratio of 2.01. IHS has a 52 week low of $5.10 and a 52 week high of $8.95. The stock has a 50 day moving average price of $8.23 and a two-hundred day moving average price of $7.73. The stock has a market capitalization of $2.77 billion, a PE ratio of 15.58 and a beta of 0.74.

IHS (NYSE:IHS) last released its quarterly earnings data on Tuesday, May 12th. The business services provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $439.16 million.

Insider Transactions at IHS

In other news, CEO Sam Darwish sold 124,275 shares of the company’s stock in a transaction on Tuesday, April 7th. The shares were 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 in the company, valued at $3,592,763.60. This represents a 22.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 Mohamad Darwish sold 27,972 shares of the company’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $8.24, for a total transaction of $230,489.28. Following the completion of the sale, the executive vice president owned 299,400 shares of the company’s stock, valued at approximately $2,467,056. The trade was a 8.54% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders sold a total of 344,017 shares of company stock worth $2,826,243 in the last quarter.

Hedge Funds Weigh In On IHS

A number of hedge funds and other institutional investors have recently modified their holdings of IHS. Mcguire Capital Advisors Inc. purchased a new position in shares of IHS in the 4th quarter worth approximately $27,000. Smartleaf Asset Management LLC purchased a new position in shares of IHS in the 4th quarter worth approximately $30,000. Quarry LP boosted its stake 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 buying an additional 3,975 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of IHS in the 2nd quarter worth approximately $72,000. Finally, Olympiad Research LP purchased a new position in shares of IHS in the 3rd quarter worth approximately $74,000. 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.