Analysts Set IHS Holding Limited (NYSE:IHS) Price Target at $8.38

IHS Holding Limited (NYSE:IHS) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $8.3750.

Separately, Weiss Ratings upgraded shares of IHS from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th.

Insider Buying and Selling

In related news, CEO Sam Darwish sold 124,275 shares of the business’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 sale, the chief executive officer owned 436,015 shares in the company, valued at approximately $3,592,763.60. The trade was a 22.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 the business’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $8.25, for a total transaction of $405,999.00. Following the completion of the sale, the executive vice president owned 314,912 shares in the company, valued at $2,598,024. This represents a 13.52% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Over the last 90 days, insiders have sold 201,459 shares of company stock worth $1,660,514. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On IHS

Several large investors have recently bought and sold shares of the business. Helikon Investments Ltd increased its position in IHS by 81.2% during the fourth quarter. Helikon Investments Ltd now owns 8,780,288 shares of the business services provider’s stock valued at $65,501,000 after acquiring an additional 3,934,727 shares during the last quarter. Hussman Strategic Advisors Inc. bought a new position in IHS during the fourth quarter valued at $783,000. Farther Finance Advisors LLC increased its position in IHS by 114.4% during the fourth quarter. Farther Finance Advisors LLC now owns 151,332 shares of the business services provider’s stock valued at $1,129,000 after acquiring an additional 80,762 shares during the last quarter. Dumac Inc. bought a new position in IHS during the fourth quarter valued at $836,000. Finally, GSA Capital Partners LLP increased its position in IHS by 41.9% during the fourth quarter. GSA Capital Partners LLP now owns 374,362 shares of the business services provider’s stock valued at $2,793,000 after acquiring an additional 110,510 shares during the last quarter. Institutional investors own 17.54% of the company’s stock.

IHS Price Performance

IHS stock opened at $8.18 on Friday. IHS has a one year low of $5.40 and a one year high of $8.95. The company’s fifty day moving average price is $8.27 and its 200-day moving average price is $8.00. The company has a debt-to-equity ratio of 96.14, a quick ratio of 1.97 and a current ratio of 2.01. The company has a market capitalization of $2.74 billion, a PE ratio of 15.42 and a beta of 0.74.

IHS (NYSE:IHS) last released its earnings results on Monday, May 11th. The business services provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.12). IHS had a negative return on equity of 1,351.44% and a net margin of 10.74%.The company had revenue of $415.40 million during the quarter, compared to analysts’ expectations of $439.16 million.

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.