IHS (NYSE:IHS) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• IHS shares crossed above their 200-day moving average, reaching $8.33 before closing at $8.31, compared with the $8.20 average.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating and an $8.38 price target, despite Weiss Ratings upgrading it from “Sell” to “Hold.”
• IHS reported quarterly EPS of $0.20, missing the $0.32 consensus estimate, while revenue of $415.4 million also fell short of expectations.

IHS Holding Limited (NYSE:IHS - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.20 and traded as high as $8.33. IHS shares last traded at $8.31, with a volume of 605,038 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of IHS from a "sell (d+)" rating to a "hold (c)" rating in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $8.38.

IHS Price Performance

The business's 50-day moving average price is $8.23 and its two-hundred day moving average price is $8.20. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 15.68 and a beta of 0.73.

IHS (NYSE:IHS - Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The business services provider reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.12). The company had revenue of $415.40 million for the quarter, compared to the consensus estimate of $439.16 million. IHS had a net margin of 10.74% and a negative return on equity of 1,351.44%.

Institutional Trading of IHS

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Merit Financial Group LLC raised its stake in IHS by 10.7% during the fourth quarter. Merit Financial Group LLC now owns 14,424 shares of the business services provider's stock worth $108,000 after acquiring an additional 1,394 shares during the period. Mcguire Capital Advisors Inc. acquired a new position in IHS in the fourth quarter valued at approximately $27,000. Quarry LP boosted its stake in IHS by 545.3% in the third quarter. Quarry LP now owns 4,704 shares of the business services provider's stock valued at $32,000 after acquiring an additional 3,975 shares during the period. Smartleaf Asset Management LLC bought a new position in shares of IHS during the fourth quarter valued at approximately $30,000. Finally, Sei Investments Co. grew its holdings in shares of IHS by 22.6% during the first quarter. Sei Investments Co. now owns 31,668 shares of the business services provider's stock valued at $261,000 after purchasing an additional 5,834 shares during the last quarter. 17.54% of the stock is owned by institutional investors.

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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