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

IHS Holding Limited (NYSE:IHS) has earned an average rating of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $8.80.

Separately, Weiss Ratings lowered shares of IHS from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, August 21st.

IHS Stock Performance

NYSE:IHS opened at $8.48 on Friday. The firm has a market cap of $2.85 billion, a P/E ratio of 21.20 and a beta of 0.74. IHS has a fifty-two week low of $5.71 and a fifty-two week high of $8.95. The firm has a 50-day simple moving average of $8.27 and a two-hundred day simple moving average of $8.23.

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

Institutional Trading of IHS

Institutional investors and hedge funds have recently modified their holdings of the business. Mcguire Capital Advisors Inc. purchased a new position in shares of IHS in the fourth quarter worth $27,000. Smartleaf Asset Management LLC purchased a new stake in shares of IHS during the fourth quarter valued at $30,000. Quarry LP increased its holdings in 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 in the last quarter. MML Investors Services LLC bought a new stake in IHS in the 4th quarter worth about $90,000. Finally, L2 Asset Management LLC purchased a new position in IHS in the 4th quarter worth about $90,000. 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.