IHS (NYSE:IHS) Stock Lifted to “Hold” by Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of IHS (NYSE:IHS – Free Report) to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of IHS from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, IHS presently has an average rating of “Hold” and an average target price of $8.80.

Read Our Latest Report on IHS

IHS Price Performance

Shares of IHS opened at $8.45 on Friday. The company has a 50-day moving average of $8.41 and a two-hundred day moving average of $8.31. IHS has a one year low of $5.71 and a one year high of $8.95. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 21.11 and a beta of 0.74.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. PSquared Asset Management AG bought a new position in IHS in the 1st quarter valued at $35,749,000. Hsbc Holdings PLC bought a new position in IHS in the first quarter valued at about $33,532,000. Arrowstreet Capital Limited Partnership boosted its holdings in IHS by 42.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,586,145 shares of the business services provider’s stock valued at $21,284,000 after acquiring an additional 768,286 shares during the last quarter. Renaissance Technologies LLC increased its position in IHS by 61.1% in the first quarter. Renaissance Technologies LLC now owns 2,258,100 shares of the business services provider’s stock worth $18,584,000 after purchasing an additional 856,800 shares during the period. Finally, Squarepoint Ops LLC increased its position in IHS by 60.6% in the second quarter. Squarepoint Ops LLC now owns 1,149,563 shares of the business services provider’s stock worth $9,472,000 after purchasing an additional 433,811 shares during the period. 17.54% of the stock is owned by institutional investors and hedge funds.

About IHS

(Get Free Report)

IHS Holding Limited, which trades on the New York Stock Exchange under the symbol IHS, is a telecommunications infrastructure company operating under the IHS Towers brand. The company develops, owns and manages shared communications infrastructure used by mobile network operators and other wireless service providers.

Its portfolio primarily includes telecommunications towers and related infrastructure, along with services such as site leasing, tower operations, maintenance, power management and network deployment support.

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