IHS Holding Limited (NYSE:IHS) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Analyst consensus is “Hold”: Four of seven analysts rate IHS a hold, while two recommend buying and one recommends selling. The average 12-month price target is $8.80.
• Recent earnings fell short of expectations: IHS reported a quarterly loss of $0.04 per share versus the $0.12 consensus estimate, while revenue of $428.6 million also missed forecasts.
• Institutional ownership increased: Several hedge funds and asset managers expanded their positions, with institutional investors collectively owning 17.54% of IHS shares.

Shares of IHS Holding Limited (NYSE:IHS - Get Free Report) have been given an average rating of "Hold" by the seven analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $8.80.

Separately, Weiss Ratings upgraded shares of IHS from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, September 8th.

IHS Stock Performance

IHS opened at $8.44 on Tuesday. IHS has a 52-week low of $5.71 and a 52-week high of $8.95. The firm has a market cap of $2.86 billion, a P/E ratio of 21.10 and a beta of 0.74. The business's fifty day moving average is $8.33 and its 200-day moving average is $8.27.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC boosted its position in IHS by 60.6% during the 2nd quarter. Squarepoint Ops LLC now owns 1,149,563 shares of the business services provider's stock valued at $9,472,000 after acquiring an additional 433,811 shares in the last quarter. Corient Private Wealth LP grew its stake in IHS by 9.2% in the second quarter. Corient Private Wealth LP now owns 49,156 shares of the business services provider's stock worth $405,000 after purchasing an additional 4,156 shares during the period. Groupe la Francaise raised its holdings in IHS by 48.0% in the second quarter. Groupe la Francaise now owns 917,096 shares of the business services provider's stock worth $7,557,000 after purchasing an additional 297,298 shares in the last quarter. BTG Pactual Asset Management US LLC raised its holdings in IHS by 171.2% in the second quarter. BTG Pactual Asset Management US LLC now owns 62,361 shares of the business services provider's stock worth $514,000 after purchasing an additional 39,363 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in IHS by 6,115.4% during the first quarter. Royal Bank of Canada now owns 108,831 shares of the business services provider's stock valued at $896,000 after buying an additional 107,080 shares during the period. Hedge funds and other institutional investors own 17.54% of the company's stock.

IHS Company Profile

IHS Holding Limited, operating as IHS Towers NYSE: IHS, is a multinational telecommunications infrastructure company that owns, develops and manages shared communications infrastructure. Its primary assets are wireless telecommunications towers and related sites, which mobile network operators and other communications providers use to expand and maintain their networks.

The company provides tower leasing, colocation and infrastructure services, allowing multiple wireless operators to share the same sites.

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