IHS Holding Limited (NYSE:IHS) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts give IHS a consensus "Hold" rating from nine brokerages (2 sell, 4 hold, 3 buy) with an average 1‑year price target of about $9.61, and several firms (TD Cowen, New Street, Zacks, Weiss) have recently downgraded the stock.
• IHS shares opened at $8.24 and trade near their 50‑day/200‑day averages ($8.17/$7.56) with a market cap of $2.76B; last quarter EPS was ($0.23) on $397.8M revenue, and analysts forecast 0.58 EPS for the current year.
• Insider sales: the CEO and EVP sold shares on April 7 under pre‑arranged Rule 10b5‑1 plans to cover taxes, with insiders disposing of 344,017 shares (~$2.83M) in the past 90 days and now owning 1.10% of the company.

IHS Holding Limited (NYSE:IHS - Get Free Report) has been given a consensus rating of "Hold" by the nine brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $9.6071.

A number of equities analysts have recently issued reports on IHS shares. 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 report on Wednesday, February 18th. New Street Research downgraded IHS from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 19th. Williams Trading set a $8.50 price objective on IHS in a research report on Wednesday, February 18th. Zacks Research downgraded IHS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings downgraded IHS from a "hold (c)" rating to a "sell (d+)" rating in a research report on Monday, March 23rd.

IHS Stock Performance

Shares of IHS stock opened at $8.24 on Friday. The business's 50-day moving average price is $8.17 and its 200-day moving average price is $7.56. IHS has a 12 month low of $4.69 and a 12 month high of $8.95. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 20.09 and a beta of 0.81. The company has a current ratio of 2.08, a quick ratio of 2.05 and a debt-to-equity ratio of 96.14.

IHS (NYSE:IHS - Get Free Report) last issued its quarterly earnings data on Saturday, February 14th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter. IHS had a negative return on equity of 661.41% and a net margin of 8.12%.The company had revenue of $397.80 million for the quarter. Equities research analysts forecast that IHS will post 0.58 EPS for the current year.

Insider Transactions at IHS

In other IHS news, EVP Stephen J. Howden sold 49,212 shares of the business's stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $8.25, for a total value of $405,999.00. Following the transaction, the executive vice president directly owned 314,912 shares of the company's stock, valued at approximately $2,598,024. The trade was a 13.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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, CEO Sam Darwish sold 124,275 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 436,015 shares in the company, valued at approximately $3,592,763.60. This trade represents a 22.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 344,017 shares of company stock worth $2,826,243 over the last ninety days. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On IHS

Several institutional investors have recently added to or reduced their stakes in the business. Inspire Investing LLC lifted its stake in IHS by 15.4% in the first quarter. Inspire Investing LLC now owns 197,628 shares of the business services provider's stock valued at $1,626,000 after buying an additional 26,313 shares during the period. Ritholtz Wealth Management increased its holdings in shares of IHS by 463.3% during the first quarter. Ritholtz Wealth Management now owns 141,684 shares of the business services provider's stock valued at $1,166,000 after acquiring an additional 116,533 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of IHS during the first quarter valued at approximately $529,000. DGS Capital Management LLC bought a new stake in shares of IHS during the fourth quarter valued at approximately $101,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of IHS during the fourth quarter valued at approximately $27,000. 17.54% of the stock is owned by institutional investors and hedge funds.

IHS Company Profile

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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