IHS Holding Limited (NYSE:IHS) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on IHS, with two sell, three hold, and two buy recommendations. The average 12-month price target is $8.80, compared with the stock’s $8.37 opening price.
• Institutional investors and hedge funds own 17.54% of IHS, with several firms—including Helikon Investments, Arrowstreet Capital, and Renaissance Technologies—recently increasing their positions.
• IHS’s latest quarterly results missed expectations: earnings were a loss of $0.04 per share versus the $0.12 consensus estimate, while revenue of $428.6 million fell short of the $442.72 million forecast.

Shares of IHS Holding Limited (NYSE:IHS - Get Free Report) have earned a consensus rating of "Hold" from the seven ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $8.80.

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

Hedge Funds Weigh In On IHS

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Helikon Investments Ltd lifted its stake in shares of IHS by 81.2% in the fourth quarter. Helikon Investments Ltd now owns 8,780,288 shares of the business services provider's stock worth $65,501,000 after buying an additional 3,934,727 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in IHS in the 1st quarter valued at $4,129,000. Gabelli Funds LLC bought a new position in IHS in the 1st quarter worth $3,517,000. Arrowstreet Capital Limited Partnership raised its holdings in IHS by 42.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,586,145 shares of the business services provider's stock worth $21,284,000 after acquiring an additional 768,286 shares during the period. Finally, Renaissance Technologies LLC lifted its position in IHS by 61.1% during the 1st quarter. Renaissance Technologies LLC now owns 2,258,100 shares of the business services provider's stock worth $18,584,000 after acquiring an additional 856,800 shares during the last quarter. Institutional investors and hedge funds own 17.54% of the company's stock.

IHS Trading Up 0.1%

Shares of NYSE:IHS opened at $8.37 on Friday. The stock has a market capitalization of $2.81 billion, a PE ratio of 20.91 and a beta of 0.73. IHS has a 1 year low of $5.71 and a 1 year high of $8.95. The firm has a fifty day moving average price of $8.25 and a 200 day moving average price of $8.23.

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

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